Increase the O/S from 51M to 160 Million... and Preferred from 10M to 25 Million. This will be interesting. Wonder who the PR firm will be to tell the share holders the benefits. Can anyone feel the tires getting stuck in the mud yet?
PLAY CO. TOYS & ENTERTAINMENT CORP.
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON MAY 5, 1999
To the Shareholders of PLAY CO. TOYS & ENTERTAINMENT CORP.
NOTICE IS HEREBY GIVEN that an Annual Meeting of Shareholders of PLAY CO. TOYS & ENTERTAINMENT CORP. (the "Company") will be held at the offices of the Company, located at 550 Rancheros Drive, San Marcos, California 92069, on
May 5, 1999, at 10:00 a.m. Pacific Standard Time, for the following purposes:
1. To vote on the proposal to elect four (4) Directors to the Company's Board of Directors to hold office for a period of one year or until their successors are duly elected and qualified;
2. To vote on the proposal to amend the Company's Certificate of Incorporation to authorize an increase in the number of authorized shares of the Company's (a) Common Stock, par value $0.01 per share, from fifty-one million shares currently authorized to one hundred sixty million shares and (b) Series E Preferred Stock, par value $0.01 per share, from ten million shares currently
authorized to twenty-five million shares; and
3. To transact such other business as properly may be brought before the meeting or any adjournment thereof.
The close of business on March 12, 1999 has been fixed as the record date for the determination of shareholders entitled to notice of, and to vote at, the meeting and any adjournment thereof.
You are cordially invited to attend the meeting. Whether or not you plan to attend, please complete, date, and sign the accompanying proxy, and return it promptly in the enclosed envelope to assure that your shares are represented at the meeting. If you do attend, you may revoke any prior proxy and vote your shares in person if you wish to do so. Any prior proxy automatically will be revoked if you execute the accompanying proxy or if you notify the Secretary of
the Company, in writing, prior to the Annual Meeting of Shareholders.
By order of the Board of Directors
James B. Frakes, Secretary
Best wishes:) |
