ALFN -- speaking of "buying back shares"........
Alottafun!, Inc. Announces Stock Buyback
PR Newswire - December 22, 1998 16:26
MILWAUKEE, Dec. 22 /PRNewswire/ -- Alottafun!, Inc. (OTC Bulletin Board: ALFN) announced today that the company will buy back up to 200,000 shares of Alottafun!, Inc. stock within the next six months.
The company also announced today that their World Wide Web site is advancing towards completion. Michael Porter, president and CEO, states, "Children young and old will be able to play games, enter contests and buy toys on the entertaining interactive web site www.alottafun.com. We intend to tie together purchase of our products with various games and contest promotions related to our toy line."
Alottafun!, Inc., based in Milwaukee, Wisconsin, sees tremendous growth in the multibillion-dollar toy industry in the United States. While traveling to Europe prospecting for collectable toy and candy novelties several years ago, Porter came across a marketing craze -- capsule toys that are collected by children of all ages. Looking to repeat his business success in the development of the retail chain "Everything's a $1.00," Porter formed Alottafun!, Inc. "We want to be a part of this ever-changing fast-paced toy industry by manufacturing and distributing a unique combination of toys, candy and capsule toys. Our capsule toys, imitating the European phenomenon, are a gutsy move here in the U.S.," says Porter. "Annual sales in the European capsule toy market average over one billion dollars per year. We want to be known as the pioneers that brought this 'craze' to the U.S."
The company is on schedule with all production, distribution and marketing plans. "Alottafun! is committed to delivering novel products with the introduction of our capsule toys to be marketed under the name 'Freakies,' along with continued penetration of our current product lines including our tea sets, food sets, play sets and interactive toys," concludes Porter.
Alottafun!, Inc., founded in July 1993, is engaged in the manufacture and marketing of toys and novelty candy targeted at the young consumer aged four to twelve years old. The company's primary focus is to develop products for the children's market which are interesting and 'alottafun' for children and their adults.
For information contact Gary Trump, President and CEO, The Point Group, Inc., 407-777-7408.
SOURCE Alottafun!, Inc.
/CONTACT: MaryEllen Roy, Director of the Written Word, 407-777-7408,
ext. 209/
(ALFN)
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