200mph, I am looking for another run tomorrow on MRXT...was strong today and should continue much higher.
MMs are brave shorting the offer as it's hit with fairly large blocks...big events coming up as per PR yesterday so we will see how brave they are as the price moves much higher.
WillyWizard.com Profiles
(OTCBB: MRXT)
Marx Toys And Entertainment Corp.
Press Release
Press Release Source: Marx Toys And Entertainment Corp.
Marx Toys & Entertainment Hires National Sales Force In Preparation For New Product Line Launch
Monday July 28, 2:01 pm ET
SEBRING, Ohio--(BUSINESS WIRE)--July 28, 2003--Marx Toys And Entertainment Corp. (OTCBB: MRXT - News) announced the roll out of a national sales force for their new product line. The sales organization is made up of a well established group of independent representative organizations across the country specializing in mass market and specialty retailers.
"Our Team is very excited about our new product line. It is one of the most exciting line of toys I have seen in my 34 years in the toy business", stated Robert LoMonaco of Marx.
Marx added, the company is very close to finalizing agreements for International distribution and representation with major retailers. The product line will be announced shortly.
About Marx Toys And Entertainment Corp.
Marx Toys And Entertainment Corp. manufactures and markets reissued collectible toys, classic games, play sets, and ride along toys. New product lines are being produced for the years to come. Marx's vintage originals are highly collectible amongst hobby enthusiasts. Marx branded toys are sold at more than 400 toy and hobby retailers across the US and has a rich history dating back to 1928. Visit them online at marxtoys.com
"Safe Harbor" Except for historical information contained herein, the matters discussed in this news release are forward looking statements that involve risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation, needs of liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
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Contact:
Marx Toys
Toll-Free: 800-621-6279
Fax: 732-462-5121
Email: support@marxtoys.com
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Source: Marx Toys And Entertainment Corp.
Recently Completed Events
During the week of May 12th - 16th
Marx Toys and Entertainment Corp. Filed
FORM 10QSB MARCH 31, 2003
FORM 10KSB 12/31/2002
Company To Change Corporate Name To Marx Toys And Entertainment Corp.
FREEHOLD, N.J.--(BUSINESS WIRE)--Feb. 24, 2003--Stereoscape Inc. (OTC:BB "SCPM") announced today they are in the process of completing the final transitional step by changing their CUSIP number, ticker symbol and company name from Stereoscape Inc. to Marx Toys And Entertainment Corporation in order to reflect the company's new business focus. Source: biz.yahoo.com
Marx Toys Exhibits Product Line In Style At Annual New York Toy Show
Friday February 14, 2:57 pm ET
MONMOUTH, N.J.--(BUSINESS WIRE)--Feb. 14, 2003--Stereoscape's main subsidiary, Marx Toys Inc. (OTC:BB "SCPM"), is presently displaying their retro toy line along with newly licensed toys at the annual Toy Show located at 200 5th Avenue in New York. Source: biz.yahoo.com
Company Information
MARX TOYS AND ENTERTAINMENT CORP. AND SUBSIDIARIES MARCH 31, 2003
Number of Shares Outstanding Common Stock .... 26,342,432 shares
Anticipated Future Growth:
Management believes that the future growth of the Company will be the result of restructuring of its core businesses. In this effort the Company intends to consider these four efforts; (1) expand the toy sales to major national and regional retailers, (2) pursue promotional deals for the sale of vintage Marx products on a large scale, (3) expand the toy line to include products licensed and sold under the Marx name, (4) entering into a strategic alliance with a strong partner in the entertainment and animation industry for animation and licensing prospects.
SUBSEQUENT EVENTS :
In April 2003 the Company entered into a 3 year licensing agreement to market certain toy related products. Minimum royalty payments to be paid over the term of the contract are as follows: First Year $ 125,000 Second Year 300,000 Third Year 1,000,000 ----------- Total $1,425,000
Source: FORM 10QSB MARCH 31, 2003
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