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Non-Tech : JAKKS Pacific (JAKK) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (226)	9/28/1999 10:24:00 AM
From: David Howe	Read Replies (1) \| Respond to of 371

JAKKS Pacific, Inc. Announces Three-for-Two Stock Split MALIBU, Calif.--(BUSINESS WIRE)--Sept. 28, 1999--JAKKS Pacific, Inc. (Nasdaq/NM:JAKK) announced today that its board of directors has approved a three-for-two split of the Company's common stock, which will take the form of a stock dividend of one-half share for every share held. The stock dividend will be payable on or about Nov. 10, 1999 to all shareholders of record as of Oct. 27, 1999. The stock split will increase the number of shares of common stock outstanding from approximately 10.7 million to approximately 16 million shares. Commented Stephen Berman, president and chief operating officer of JAKKS Pacific, Inc.: "We are pleased to announce this three-for-two stock split, which should make JAKKS Pacific stock a more attractive investment to a wider range of investors both by providing more liquidity in the stock through a 50-percent increase in the float, and a price that should encourage further investment by institutional and individual shareholders. "This stock split also reflects the board of directors' and management's continuing confidence in the growth and future success of JAKKS Pacific," added Mr. Berman. JAKKS Pacific and its affiliates develop, manufacture and market toys and related products for children, including action figures featuring characters from the World Wrestling Federation(R), die-cast collectible and toy vehicles under the Road Champs(R) and Remco(R) brand names, Child Guidance(R) preschool toys and a line of dolls and accessories. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual future results or events may vary materially from those described herein. CONTACT: JAKKS Pacific Inc., Malibu Stephen Berman, 310/456-7799 or Silverman Heller Associates Ruth Shaer/Eugene Heller, 310/208-2550