[Harry: MRXT, microcap play on Christmas. Need to check
them out.]
Sector Growth Alert - Interactive Toys/Toyware
Microcap Promotion Update - MRXT - News Release
Press Release Source: Marx Toys And
Entertainment Corp. - market moves up on volume
--Marx Toys Receives It's First Interactive Toy
Line Order For 10,000 Units
Monday August 11, 12:53 pm ET --
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down
bigcharts.marketwatch.com{A3DF9B7C-E4C2-4549-96CF-F9E688E8B1EC}&newsid=806390823&orig=charting&time=8&symb=MRXT&sid=1401912&source=htx\http2_mw
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bigcharts.marketwatch.com
about the COMPANY - Marx Toys and Entertainment
Corp., the maker of “Big Wheel,” “Rock’em
Sock’em Robots,” Toss Across and action figures
including “Johnny West,” “Noble Knights” and
others is expanding its toy line to include New
TOYWARE Interactive Toys wirelessly controlled
by computer.
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Marx Toys & Entertainment (MRXT) News Release
NYSE:RAD - Rite Aid
NASD:KMRT - Kmart
NYSE:TOY - Toys "R" Us
SEBRING, Ohio--(BUSINESS WIRE)--Aug. 11, 2003--
Marx Toys And Entertainment Corp. (OTCBB:MRXT -
News) received it's first order of 10,000 units
for its revolutionary toy line from Hanan
Enterprise Sales, Inc. (HESI). HESI president,
Michael Barbanel, exclaimed, "It's ingenious. The
fact that they combined a cute toy with computer
technology in my opinion has got to be a hit. I
wouldn't be surprised if hobbyist got involved and
collected one of each style similar to the bean-
filled animal craze of years ago."
Hanan Enterprise Sales, Inc. (HESI), a New Jersey
based private company located in Piscataway, is a
wholesale distributor for larger local retail and
wholesale chains such as Rite Aid (NYSE: RAD -
News), Kmart (NASDAQ: KMRT - News), 6th Avenue
Electronics, Toys "R" Us (NYSE: TOY - News) along
with smaller Mom and Pop shops across New York,
New Jersey and Long Island. HESI's product line
includes electronics, health and beauty aids and
miscellaneous novelty items. The company has been
in business since 1991
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biz.yahoo.com
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OTCBB:MRXT Undervalued 30-day Target 1.50
Initiated Coverage 7-14-03 0.09
Current level 8-05-03 0.25
1-Year Fwd P/E 8-05-03 1.79
LBO Cash Flow Val. (at 6%) 4.02
Cash Asset Val./Share (current) 0.72
**********
Marx Toys & Entertainment Corp. (OTCBB:MRXT)
Marx Toys, the maker of many well known toys and
hobby items, including “Big Wheel,” “Rock’em
Sock’em Robots” and action figures such as “Johnny
West,” “Noble Knights,” “Brain Bots” and many
more is now embarking on the next generation of
toy manufacturing with its new "TOYWARE"
Interactive figures and other toys. The
Company’s ground breaking technology allows action
figures to move and speak using interactive
commands received wirelessly from a computer.
This includes text-to-speech applications for
Instant Message’s using the Company’s first
product – “The IM Buddy”
OTCBB:MRXT – Company's Undervalued Highlights
- MRXT, through its licensing deal with UIT, is
fulfilling a distribution contract with AOL and
Time Warner for distribution and use of animated
characters such as Daffy Duck and Bugs Bunny.
10,000 units sold out with an AOL one-blip ad very
quickly earlier this year.
- Current Major Retail Distribution channels
include Target, Walmart, Radio Shack, QVC and
many others. Orders are expected to exceed 5
million units (28 dollars per unit) over the
next 12-months.
- MRXT sells its existing products to over 400
retail toy and hobby outlets currently. The new
ToyWare Interactive IM Buddy product will be
introduced to these buyers this quarter. Orders
are expected to exceed 2 million units.
- The Company currently has 40 sales reps covering
its primary distribution channels in every state
in the U.S. as well as an executive National Sales
Team that has landed its big retail outlet
accounts.
- OTCBB: MRXT has toy mold assets appraised at
20 million (cash value 5M minimum) and inventory
on hand of over 1.5 million dollars. Estimated
cash val. per share of 0.72 per share currently.
- 36 Million financing expected to be announced
before 8-15-03
- License and Sales Contracts with Major
Retailers to be announced over the next 60 days.
Conclusion: We believe that MRXT is grossly
undervalued and would be more fairly priced at
between 1.50 and 4.00 based upon its successful
implementation of its new product line (see
valuation methods above P/E and C-F LBO).
A minimum value of 0.72 for MRXT is based upon
cash apppraisal value of MRXT assets currently
owned makes the Company an attractive risk-reward
opportunity for investors.
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