Subj: [Willy Wizard] MRXT"e" ALERT!
Date: 4/28/03 11:40:08 PM Eastern Daylight Time
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Members,
Even with the recent "e" added for a late filing MRXTE has been
seeing increased volume and higher stock price the last two trading
days.
MRXTE traded over 400,000 shares today (04/28/03) about 2.5 times
normal average daily volume. MRXTE close at .071 by .075 with an
high trade today of .085.
I am looking for continued more then average volume and with buying
volume normally a stock reacts with an increase in share price. I am
also expecting the drop off of the "E" sometime this week. Once
the "E" is taken off the symbol will chnage back to MRXT. When this
event is completed the company should react with something positive
for shareholder to show what has been taking place within the newly
acquired Marx Toy namebrand.
Recently Completed Event 03/22/03
Company To Change Corporate Name To Marx Toys And Entertainment Corp.
FREEHOLD, N.J.--(BUSINESS WIRE)--Feb. 24, 2003--Stereoscape Inc.
(OTC:BB "SCPM") announced today they are in the process of completing
the final transitional step by changing their CUSIP number, ticker
symbol and company name from Stereoscape Inc. to Marx Toys And
Entertainment Corporation in order to reflect the company's new
business focus.
_____________________________________________________________________
Marx Toys
* Toys are a 25 Billion Dollar Market
* MRXT/SCPM in transition from Audio to Toys
* MRXT/SCPM hires veteran who plans to grow customer base from 400
hobby stores to every retail outlet with a toy department.
* MARX Toys was once the largest Toy company in the world, they were
the creators of The Big Wheel, Rock'em Sock'em, The Green Ghost Game,
and Toss A Cross.
* Recently participated at the NY Toy Fair and exhibited its newly
licensed toys along with its classic line of toys, action figures and
games.
* Unlike a start-up toy company, the MARX name has global recognition
and a history dating back to 1919.
Source: Below Company Info and Press Releases
________________________________________________________
Marx Toys History
In the Beginning
In 1919, after working several years at F.J. Strauss Company, a young
man with visions of mass marketing and mass production ventured out
on his own and began a toy company. Joined by his brother David a
couple of years later, Louis Marx & Company was located at 200 Fifth
Avenue, in New York City where it remained for 52 years throughout
the Marx ownership. The company begun without capital assets, sales
base, patents, trademarks, products, processes, machinery, suppliers,
or customers for that matter. However, they made up for this with
conviction, commitment, good instinct, and Louis's talent and
indomitable energy, combined with David's operational skills.
Two basic policies were instilled from the beginning at Louis Marx &
Co.: "Give the customer more toy for less money," and "Quality is not
negotiable." Louis and David worked long, hard days and nights to
turn these policies into realities, setting an example for their
staff and the entire industry. The company soon earned a reputation
for excellent quality at low prices, making the Marx brand name
synonymous with high value.
Early Expansion
The 1930's were a period of rapid growth for Marx despite the Great
Depression. The first major plant was at Erie, Pennsylvania. Marx
Trains ran 'full steam' at the Girard, PA plant, and
vehicles 'rolled' out of the Glendale, West Virginia factory. Solid
growth continued until World War II, when the factories converted for
the war effort. In 1945, following VE day, General Dwight D.
Eisenhower invited Louis Marx to join him as Industrial Advisor in
Germany.
Going International
Marx emerged from World War II as the world's largest manufacturer of
toys, dominating the production of mechanical toys, model trains,
guns, cars, ride-ons, playsets, doll houses, vehicles, service
stations, and of course the world famous Yo-Yo, introduced by Marx in
1928. Having served with General Eisenhower to restructure Europe,
Marx became internationally oriented. In 1946, at the time Marx was
initiating operations in Japan, Fortune Magazine featured him in the
January edition. In 1952, Marx pioneered Hong Kong. During
the "Golden Era" of the fifties, Marx made over 20% of the toys sold
in the USA and had factories in ten countries, while licensing and
exporting to others. Truly global, the December, 1955 cover of Time
proclaimed Louis Marx "The Toy King"!
Transition
By the Seventies, Marx innovations had become household names and
industry standards. At age 76, having divested himself of his
international interests, this "Henry Ford of the Toy Industry" (as
the plaque of this initial inductee of The Toy Hall of Fame states),
knew that it was time to get out. "Toys is a young man's businessÖ",
he stated. In 1972, after careful negotiation, Louis Marx sold his
U.S. empire to Quaker Oats for $52 million. Just 3 years later,
Quaker sold to the British firm of Dunbee-Combex. Lacking the
leadership and a star product (the Big Wheel was now 10 years old),
they passed the control of development to English engineers,
resulting in huge losses from returns of two expensive new toys in
1978. This was the last full year of production. The positive
attitude that Marx was built upon quickly faded and they were no
longer certain that they could ship the goods. Dunbee-Combex-Marx of
England, unable to meet its obligations, lost control and filed for
bankruptcy in 1980.
Marx Renaissance
In 1982, American Plastic Equipment of Florida purchased the
company's assets from the Chemical Bank of New York. Later, in 1988,
they acquired the intellectual rights. By that time, Marx toys and
playsets were trading in the collector markets at hundreds and even
thousands of dollars. This strong demand was what triggered and gave
rise to the Marx Renaissance. These and other sets were soon reissued
at very reasonable prices, and in no time, Magic Marxie was back! In
1995 Marx Toys, * a new entity, Marx Toy Corporation, was formed in
Sebring Ohio. Although Louis Marx & Co. no longer exists, their
legacy of producing quality toy products continues. Marx Toy
Corporation is a seperate company from, and is not a successor to,
Louis Marx & Co.
The Next Generation
The quality and the Magic of Marx have been preserved in its molds.
Today, Marx makes Limited Edition Collector toys as well as Mass
Market products in tune with contemporary trends. Marx standards are
maintained under the proven success formula: High Recognition,
Excellent Quality, Real Play Value, and Powerhouse Packaging, all at
price points that "shock" America.
Our factory is complete and state-of-the-art with molding equipment
up to 1,000 ton presses, housed in a 400,000 sq. foot building.
Thanks to the tooling, we are able to manufacture sophisticated
products as only a major manufacturer could, while still maintaining
flexibility. By having our own plant, we are able to do the work in-
house at low cost, and as did Louis Marx, we employ U.S. Quality
Labor. The Ohio location is a natural for distribution, within a 500-
mile radius of the population concentration of the U.S. Market.
If you enjoyed what's been read so far and would like more info
concerning the history of Marx, we recommend you read Marx Western
Playsets.
Stay tuned as we roll out many more of our great products to...
RELIVE THE MAGIC OF MARX!!
* Marx Toys, Inc. is a New Jersey company having offices in various
locations across the United States. Marx Toys, Inc. is not affiliated
with, nor a successor to, Louis Marx & Company.
_____________________________________________________
RECENT PRESS RELEASE
Press Release Source: Stereoscape Inc.
Stereoscape's Management To Finalize Transition
Monday February 24, 10:29 am ET
Company To Change Corporate Name To Marx Toys And Entertainment Corp.
FREEHOLD, N.J.--(BUSINESS WIRE)--Feb. 24, 2003--Stereoscape Inc.
(OTC:BB "SCPM") announced today they are in the process of completing
the final transitional step by changing their CUSIP number, ticker
symbol and company name from Stereoscape Inc. to Marx Toys And
Entertainment Corporation in order to reflect the company's new
business focus.
Steve Wise, Stereoscape CEO, stated, "Management, including myself,
can now put Stereoscape Inc. behind us, and move forward. I am very
excited about the new company's future and feel the change of
direction was inevitable and best for our shareholders."
The company announced back in December of 2002, that they had closed
their home theater division and would enter the $25 billion dollar
toy industry by concentrating on Marx Toys.
About Marx Toys Inc.
Stereoscape, Inc., based in New Jersey, has recently changed its
company focus from home theater sales to the manufacturing and
marketing of reissued collectible toys, and classic games. Marx's
vintage originals are highly collectible amongst hobby enthusiasts.
Marx branded toys are sold at more than 400 toy and hobby retailers
across the U. S. and has a rich history dating back to 1918. To read
more on this history, visit marxtoys.com.
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing
are forward-looking statements that involve a number of risks and
uncertainties. It is possible that the assumptions made by management
are not necessarily the most likely and may not materialize. In
addition, other important factors that could cause actual results to
differ materially include the following: business conditions and the
amount of growth in the Company's industry and general economy;
competitive factors; ability to attract and retain personnel; the
price of the Company's stock; and the risk factors set forth from
time to time in the Company's SEC reports, including but not limited
to its annual report on Form 10-KSB; its quarterly reports on Forms
10-QSB; and any reports on Form 8-K. Stereoscape takes no obligation
to update or correct forward-looking statements.
----------------------------------------------------------------------
Contact:
Mirador Consulting, Inc.
Frank Benedetto, 877/MIRADOR
----------------------------------------------------------------------
Source: Stereoscape Inc.
____________________________________________________________________
Press Release Source: Stereoscape, Inc.
Marx Toys Adds Seasoned Toy Industry Veteran to Spearhead 2003 Growth
Plans
Wednesday January 8, 2:31 pm ET
FREEHOLD, N.J.--(BUSINESS WIRE)--Jan. 8, 2003--Marx Toys, a division
and main focus of Stereoscape Inc. (OTC:BB SCPM), announced today the
addition of Robert LoMonaco to its management team.
Mr. LoMonaco has over 30 years of Senior Executive experience with
such companies as X-Toys, McFarlane Toys, Matchbox Toys/Tyco and
Parker Brothers. His leadership will have an immediate impact on all
aspects of Marx Toys' operations from new product development to
worldwide sales and lower cost off-shore manufacturing.
Marx Toys, which currently has its product line in over 400 hobby and
toy retail outlets, expects to significantly impact their retail
account base and projected future revenues through Mr. LoMonaco's
experience and relationships with major national retailers. "Our goal
for 2003 is to have Marx Toys' product line on the shelf of every
major toy retailer in the U. S.", states CEO, Steve Wise.
To date, Marx has specialized in re-introduced classic toys and
games. This focus is expected to broaden as Mr. LoMonaco brings
experience in identifying and negotiating high profile licenses with
major licensors including NBC, CBS, Warner Bros., Elvis Presley
Enterprises and many other top licensors. This experience and
direction will greatly aid the company in the area of new product
development. Several new licenses and product lines are already being
negotiated.
About Stereoscape Inc.
Stereoscape, Inc., based in New Jersey, has recently changed its
company focus from home theatre sales to the manufacturing and
marketing of reissued collectible toys and Classic games. Marx's
vintage originals are highly collectible amongst hobby enthusiasts.
Marx branded toys are sold at more than 400 toy and hobby retailers
across the U. S. and has a rich history dating back to 1918. To read
more on this history, visit marxtoys.com .
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing
are forward-looking statements that involve a number of risks and
uncertainties. It is possible that the assumptions made by management
are not necessarily the most likely and may not materialize. In
addition, other important factors that could cause actual results to
differ materially include the following: business conditions and the
amount of growth in the Company's industry and general economy;
competitive factors; ability to attract and retain personnel; the
price of the Company's stock; and the risk factors set forth from
time to time in the Company's SEC reports, including but not limited
to its annual report on Form 10-KSB; its quarterly reports on Forms
10-QSB; and any reports on Form 8-K. Stereoscape takes no obligation
to update or correct forward-looking statements.
----------------------------------------------------------------------
----------
Contact:
Mirador Consulting, Inc.
Frank Benedetto, 877-MIRADOR
Fax: 561/989-0069
E-mail: fb@miradorconsulting.com
----------------------------------------------------------------------
Source: Stereoscape, Inc.
Press Release Source Link Yahoo Finance
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