NewKidCo International (OTC:NKCIF) (TSE:NKC) Message Board

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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC)

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To: esecurities(tm) who wrote (1750)	6/10/1998 9:04:00 AM
From: esecurities(tm)	Read Replies (3) of 4231

SoftQuad finalizes NewKidCo venture...anticipates strong Q4. "... SoftQuad International Inc. (NASDAQ:SWEBF - news; TSE:SKI - news), announced today that it has finalized its joint venture with NewKidCo Holdings, LLC to create NewKidCo, LLC (''NewKidCo''). NewKidCo publishes children's video games for ''next generation'' console systems. The companies announced a letter of intent to form the joint venture on April 21. SoftQuad International Inc. owns 75% of NewKidCo and has an option to purchase, and under certain circumstances may be required to purchase, the remaining interest in NewKidCo. NewKidCo's first three titles are slated for shipment in the fourth quarter and are expected to be broadly distributed to toy superstores, mass merchandisers, computer specialty retailers and other retail outlets nationwide. NewKidCo management expects NewKidCo's revenues to be in the range of $9 million (U.S.) in the fourth quarter with strong earnings contribution, based upon preliminary reactions from major retailers and the performance of other popular titles in the market..." source: &copy 1998 biz.yahoo.com

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