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Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (6922)	11/1/1999 7:27:00 PM
From: Kip518	Read Replies (1) \| Respond to of 7111

November 01, 1999 18:45 Radica(R) Games Limited Reports Third Quarter Results HONG KONG, Nov. 1 /PRNewswire/ -- Radica Games Limited (Nasdaq: RADA) reported today that total revenues for the third quarter ended September 30, 1999 were $47.4 million, compared to $49.8 million for the same period in 1998. Total revenues for the nine months ended September 30, 1999 were $89 million, compared to $112 million for the same period last year. After tax profits of $8.8 million were reported for the third quarter ended September 30, 1999 or $0.48 per fully diluted share versus $14.9 million or $0.71 per fully diluted share for the same period last year. After tax profit for the nine months ended September 30, 1999 were $14.2 million or $0.74 earnings per share versus $33.9 million or $1.58 for the nine months ended September 30, 1998. "While year to year quarterly comparisons have been adversely affected by the decline of fishing product sales, we are very pleased with the performance of the rest of Radica's handheld games line. Third quarter sales of Radica branded handheld games excluding fishing games increased by 38% over the same period in 1998. In addition our overall operating profit margins of 17.6% for the quarter and 14.7% year to date are among the best in the industry this year and indicate the strength of our business even without a hit fishing product," said Pat Feely, Chief Executive Officer. "We were extremely pleased to ship so much innovative new product during the quarter," said Feely. "Included in the seven new products shipped during the quarter were Tiger Woods Ultimate Golf(TM); Girl Tech(R) Bug 'Em(TM) and Keep Safe Box(TM), Fish or Man(TM) (Radica's latest new two player fishing game), Virtual Snowboard VSB(TM) (a skateboard sized product that you stand on to play), Crossword Challenger(TM) and NASCAR(R) Speedzone. "It's been approximately a month since the Taiwan earthquake and production in Taiwan is gradually returning to normal. While this does not appear to affect the majority of our products this year there are still uncertainties, shortages of certain components and extended lead times on component ordering. As a result we would encourage conservatism in investors estimates for the fourth quarter of 1999 and first half of 2000," said Feely. During the quarter ended September 30, 1999, the Company repurchased 71,000 shares at an average price of $9. On a year to date basis, Radica has purchased 1,388,500 shares or approximately 7.35% of the shares outstanding at the beginning of the year.

To: Skywatcher who wrote (6922)	11/1/1999 7:28:00 PM
From: Kip518	Respond to of 7111

November 01, 1999 18:45 Radica(R) Games Limited Announces Software Agreement With Children's Technology Group, Inc. HONG KONG, Nov. 1 /PRNewswire/ -- Radica Games Limited (Nasdaq: RADA) and Children's Technology Group, Inc. announced today an Internet software development and license agreement that will allow Radica to develop an Internet browser for girls under the Girl Tech(R) brand. The custom browser has built-in safety features, including a secure environment that limits access to sites that have been pre-approved by parents or the Girl Tech online community. The Girl Tech community includes secure, supervised chat rooms, email, and other educational and entertaining features. As part of this agreement, Radica has entered into a worldwide licensing agreement with Children's Technology Group for the exclusive rights to custom software built on GTG's Mindwalker(TM) Technology platform. The agreement runs through 2002. "We are thrilled to bring CTG's innovative technologies to our Girl Tech Brand and award-winning on-line community. Developing an Internet browser is an important step towards Radica's strategic goal to enhance our Internet presence through high quality sites and Internet-based products," said Pat Feely, Radica's CEO. Girl Tech's browser, Surfer Girl(TM), will provide girls with a unique online experience, with a specialized interface, content, and safety features. In addition to the activities and content, the award-winning Club Girl Tech site will have special content areas that only Surfer Girl users can access. Club Girl Tech receives millions of hits from 100 countries around the world and is a premiere site for girls on the Internet.