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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (2873)	12/3/1998 9:36:00 PM
From: esecurities(tm)	Respond to of 4231

NewKidCo: Issues of Fact. "...A newly formed joint venture between NewKidCo LLC and Alpha Software Corporation, a subsidiary of SoftQuad International Inc. (NASDAQ:SWEBF; TSE:SKI) announces two new titles for the PlayStation® game console based on the popular Sesame Street® characters. The games "Elmo's Magical Number Tour" and "Elmo's Magical Letter Tour", are scheduled to ship in early October..." source: NewKidCo April 21, 1998 newkidco.com SOFTQUAD INTERNATIONAL FINALIZES NEWKIDCO JOINT VENTURE; EXPECTED TO MAKE STRONG CONTRIBUTION TO Q4 RESULTS In Line with Company's New Strategic Focus on Family Software and Children's Video Games, SoftQuad International Explores Sale or Spin-off or Web Tools Subsidiary. Burlington, MA (June 10, 1998) -- "SoftQuad International Inc. (NASDAQ:SWEBF; TSE:SKI), announced today that it has finalized its joint venture with NewKidCo Holdings, LLC to create NewKidCo, LLC ("NewKidCo"). NewKidCo publishes children's video games for "next generation" console systems. The companies announced a letter of intent to form the joint venture on April 21. SoftQuad International Inc. owns 75% of NewKidCo and has an option to purchase, and under certain circumstances may be required to purchase, the remaining interest in NewKidCo. NewKidCo's first three titles are slated for shipment in the fourth quarter and are expected to be broadly distributed to toy superstores, mass merchandisers, computer specialty retailers and other retail outlets nationwide. NewKidCo management expects NewKidCo's revenues to be in the range of $9 million (U.S.) in the fourth quarter with strong earnings contribution, based upon preliminary reactions from major retailers and the performance of other popular titles in the market...In making today's announcements, Richard Rabins, CEO, SoftQuad International Inc. cited the company's strategic focus on high-growth family software and children's video game segments. "Moving forward, we are enthusiastic about the opportunity to build shareholder value by achieving our objective of leadership in children's video games through NewKidCo and by capitalizing on Alpha Software's established position in the lifestyle, entertainment, flight simulation and utility categories for the PC platform." ...At the E3 show (Electronic Entertainment Expo) at the end of May, NewKidCo introduced and demonstrated its fall product line up. NewKidCo will publish two Sesame Street® Titles for PlayStation® -- Elmo's Magical Number Tour™ and Elmo's Magical Letter Tour™. NewKidCo also announced and displayed its third PlayStation® title - Buster and The Beanstalk™, based on Warner Bros.' popular TINY TOONS Adventures® television show...NewKidCo will seek to develop and market young children's video games by bringing high quality products to children worldwide. "Since announcing our fall product line up, we've been gratified by the reception we've received," said NewKidCo's President, Hank Kaplan. "More than ever, the time is right for high-quality titles for young children on next generation, affordable platforms..." source: NewKidCo June 9, 1998 newkidco.com NEWKIDCO™ CREATES A NEW MARKET FOR NINTENDO'S GAME BOY COLOR WITH THE INTRODUCTION OF SESAME STREET® TITLES ELMO'S 123s™ & ELMO'S ABCs™ Edutainment Titles Based On The Ever Popular Children's Television Workshop Program Help Teach Basic Number And Letter Skills To Children Ages 3-6 Available Mid-November For $24.95 SRP Each NEW YORK, NY (October 7, 1998) -- "Continuing its mission to become the leading developer of interactive games for children, NewKidCo will introduce Elmo's 123s and Elmo's ABCs for the Nintendo Game Boy Color -- helping extend the appeal of the popular hand-held game system to an untapped, younger audience...Elmo's 123s and Elmo's ABCs are expected to ship in early November for the suggested retail price of $24.95 each..." source: NewKidCo October 7, 1998 newkidco.com AS A MATTER OF RECORD as of December 3, 1998 no Elmo product has shipped...Fall ends in eighteen (18) days...Christmas is in twenty-three (23) days and as of today we are ~ 70% through q4 and neither management nor the Board of Directors of SoftQuad International Inc have made a formal public disclosure pursuant to said material issues of fact.