SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Right Start (RTST) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (31)4/2/2002 7:49:07 PM
From: Glenn Petersen  Read Replies (1) | Respond to of 40
 
New name, new symbol:

biz.yahoo.com

Tuesday March 26, 8:13 pm Eastern Time

Right Start changes name to FAO Inc.

KING OF PRUSSIA, Pa., March 26 (Reuters) - Right Start Inc. (NasdaqNM:RTST - news) on Tuesday said it has changed its name to FAO Inc., leveraging the brand equity of the FAO Schwarz toy store name, following approval by shareholders at a special meeting.

Educational products retailer Right Start bought the assets of fellow children's products retailer Zany Brainy Inc. in September 2001, and followed that purchase with its acquisition of certain assets of well-known toy retailer FAO Schwarz in January 2002.

At the special meeting, the conversion feature of the preferred stock the company issued to acquire assets of Zany Brainy Inc. and FAO Schwarz were also approved. The company's plan to reincorporate in Delaware from California was also approved, it said in a statement.

The company said it no longer has any preferred stock outstanding due to the conversion.

FAO said it plans to change its ticker symbol to ``FAOO'' from ``RTST'' on April 18. The company also said it will have headquarters in King of Prussia, Pennsylvania.