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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: brogan who wrote (19188)	3/12/2000 11:14:00 AM
From: Ken W	Read Replies (1) \| Respond to of 29382

Eric: Too bad this little pup could not get some coverage. Tuesday March 7, 4:18 pm Eastern Time Company Press Release DSI Toys Inc. Reports Profitable Year-End Results HOUSTON--(BUSINESS WIRE)--March 7, 2000--DSI Toys Inc. (Nasdaq:DSIT - news) today reported a return to profitability for fiscal year ending December 31, 1999. The Company reported net income of $1.3 million, or $0.17 per share, for a period of eleven months ending December 31, 1999 compared to a net loss of $1.0 million or a loss of $0.17 per share, for the twelve month period ended January 31, 1999. Gross profit margins as a percentage of sales increased from 20.2% to 28.4% for the respective periods. Net sales for the eleven-month period ending December 31, 1999, were $47.6 million compared to $52.7 million for the twelve-month period ending January 31, 1999. ``DSI has had its first profitable year since its Initial Public Offering in 1997,' stated Michael J. Lyden, president and chief executive officer of DSI Toys Inc. ``We are confident that our focus on proprietary product lines will position DSI for continued success both nationally and abroad.' ``Management has shown a strong commitment toward growth and diversity in a very competitive toy industry. The Board is supportive of management's initiative to build momentum for continued growth and profitability,' said E. Thomas Martin, I still hold the stock, tucked away for a rainy (or sunny) day. <GGGGGGGGGG> Ken