Hi everyone we have a trading Alert for all of you keep an eye on Marx Toys I have some DD below it seems in our opinion to be gaining momentum. the DD is below Happy Trading!
PennyGems
OTCBB: MRXT)
Marx Toys And Entertainment Corp.
Recently Completed Events
During the week of May 12th - 16th
Marx Toys and Entertainment Corp. Filed
FORM 10QSB MARCH 31, 2003
FORM 10KSB 12/31/2002
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. Source: biz.yahoo.com
Marx Toys Exhibits Product Line In Style At Annual New York Toy Show
Friday February 14, 2:57 pm ET
MONMOUTH, N.J.--(BUSINESS WIRE)--Feb. 14, 2003--Stereoscape's main
subsidiary, Marx Toys Inc. (OTC:BB "SCPM"), is presently displaying
their retro toy line along with newly licensed toys at the annual Toy
Show located at 200 5th Avenue in New York. Source:
biz.yahoo.com
Company Information
MARX TOYS AND ENTERTAINMENT CORP. AND SUBSIDIARIES MARCH 31, 2003
Number of Shares Outstanding Common Stock .... 26,342,432 shares
Anticipated Future Growth:
Management believes that the future growth of the Company will be the
result of restructuring of its core businesses. In this effort the
Company intends to consider these four efforts; (1) expand the toy
sales to major national and regional retailers, (2) pursue
promotional deals for the sale of vintage Marx products on a large
scale, (3) expand the toy line to include products licensed and sold
under the Marx name, (4) entering into a strategic alliance with a
strong partner in the entertainment and animation industry for
animation and licensing prospects.
SUBSEQUENT EVENTS :
In April 2003 the Company entered into a 3 year licensing agreement
to market certain toy related products. Minimum royalty payments to
be paid over the term of the contract are as follows: First Year $
125,000 Second Year 300,000 Third Year 1,000,000 ----------- Total
$1,425,000
Source: FORM 10QSB MARCH 31, 2003
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