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To: Susan G who wrote (58052)	8/27/1999 11:20:00 AM
From: Connor26	Respond to of 120523

GRIN news Related Quotes GRIN KIDE 14 3/16 58 -2 3/8 -1/8 delayed 20 mins - disclaimer Friday August 27, 10:56 am Eastern Time CORRECTED - Grand Toys reaches agreement on Pokemom In Aug. 26 NEW YORK story headlined ``Grand Toys still in talks for Pokemon license,' please read in headline ...Grand toys reaches agreement... instead of ...Grand Toys still in talks... In first paragraph, please delete the following: ...but that it has not yet completed that agreement.... In second paragraph, please read ...Grand Toys said a fully executed non-exclusive contract has been entered into with Nintendo of America and that its Pokemon product line would include ... instead of ...Grand toys said that if the contract with 4Kids is executed, its Pokemon product line would include... In the third paragraph, please read ...The company said it entered into the contract through Nintendo of America's... instead of ...The company said it is negotiating the license through Nintendo of America's... ... Corrections make clear that Grand toys has entered into the contract and is not still negotiating it. A corrected repetition follows. NEW YORK, Aug 26 (Reuters) - Grand Toys International Inc. (Nasdaq:GRIN - news) said Thursday it had signed a deal with a unit of 4Kids Entertainment Inc. (Nasdaq:KIDE - news) to acquire a license for the Pokemon character. Grand Toys said a fully executed, non-exclusive contract has been entered into with Nintendo of America and that its Pokemon product line would include balls, kites and back-to-school items like pens and binders. The company said it entered into the contract through Nintendo of America's exclusive agent, Leisure Concepts Inc. -- the licensing division of 4Kids. The announcement comes as Grand Toys stock has taken a dizzying four-day trip, climbing more than 70 percent to hit a new 52-week high on Wednesday as industry analysts and traders said the company had already closed the deal. Grand Toys shares dropped back 6-1/2 points to close at 16-9/16 on Thursday. Industry analysts and trade publications said earlier in the week that the Canadian toy distributor had a license to make and sell the Pokemon products in Canada. Pokemon is a Japanese-born cartoon character featured in a television series and games. Shares of 4Kids, which distributes the Pokemon television program, closed down 6-7/8 to 58-1/8, off a 52-week high of 70 but up from a year low of 1-7/8.