Toys International Raising Funds
Wednesday February 21, 9:30 am Eastern Time
Press Release
SOURCE: Play Co. Toys & Entertainment Corp.
Play Co. Toys & Entertainment Corp. Announces Its Subsidiary, Toys International, Signed Engagement Letter With German Investment Bank To Find Corporate Partner and to Raise Funds for the TX40 Media Company
OTC BB SYMBOLS: Common Stock - PLCO Series E Preferred Stock - PLCOP Series E Preferred Stock Warrants - PLCOW
SAN MARCOS, Calif., Feb. 21 /PRNewswire/ -- Play Co. Toys & Entertainment Corp. (OTC Bulletin Board: PLCO - news; ``Play Co. Toys'' or the ``Company'' for Play Co. Toys and subsidiaries collectively) announced today that its majority owned Toys International.COM, Inc. (``Toys International'') subsidiary is has signed an engagement letter with Concord Effekten AG, a Frankfurt, Germany-based investment banking firm to bring on one or more partners for the TX40 media project.
Richard Brady, Chief Executive Officer stated, ``We are pleased to have engaged Concord to search for a partner for our TX40 media project. We had a prior positive experience with Concord when they served as lead underwriter on our public offering in Frankfurt in 1999. We believe that they are quite knowledgeable in Europe about the type of corporate partner we are seeking for this project.''
Play Co. Toys is a toy retailer with 37 stores located in twelve states. All 37 of those stores are operated by the Company's Toys International.COM, Inc. subsidiary, which is publicly traded on the Frankfurt Stock Exchange under the ticker symbol TY40. The Company operates under the Play Co. Toys, Toys International and Toy Co. tradenames. The Company specializes in offering educational, specialty, collectible, specialty imported and traditional toys.
Statements contained in this press release which are not historical facts may be considered forward looking information with respect to plans, projections, or future performance of Play Co. Toys as defined under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those projected. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE: Play Co. Toys & Entertainment Corp. |
