Talk about sleepers. And watch when ETOY ipo comes out. FILM is a couple steps ahead.
Check out the warrants @ 7/32 FILMW
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Thursday March 18, 6:00 am Eastern Time
Company Press Release
SOURCE: Hollywood Productions, Inc.
Hollywood Productions Announces Its Play Co. Toys Affiliate Posts 40.7% Overall Store Sales Increase for February 1999
- Play Co. Toys' New Website Has Begun Generating Sales - Play Co. Toys Signs Advertising Agreement With America Online ("AOL")
NEW YORK, March 18 /PRNewswire/ -- Hollywood Productions, Inc. (Nasdaq: FILM - news) today announced that its affiliate, Play Co. Toys & Entertainment Corp. (''Play Co. Toys'') reported that its overall store sales for the month of February 1999 were up by 40.7% over its overall store sales in February 1998. Same store sales in the month of February 1999 were up by 2.2 percent, over the sales of February 1998.
Richard Brady, President of the Play Co. Toys stated, ''We are pleased with our continued sales growth. Our expansion into specialty, collectible and educational toys along with our new store site selection is proving to be a winning combination. We currently have eight new stores planned for 1999. We are especially excited about the opening of our new Toys International stores in The Venetian Hotel in Las Vegas and Pier 39 in San Francisco. We expect to open those two stores in our June quarter.''
Play Co. Toys also reported that it has begun to generate sales through its new website (www.toyswhypayretail.com). The Company has entered into an advertising agreement with America Online (NYSE: AOL - news) to help support this website. The website incorporates e-commerce features from Cybercash (Nasdaq: CYCH - news) and Mercantec Inc.
Hollywood Productions previously announced (on March 10, 1999) its net income figure for the three-month period ending December 31, 1998 amounted to approximately $436,612, or $0.16 per share, as compared to a net income of $214,327, or $0.11 per share, in the three-month period ending December 31, 1997.
Play Co. Toys previously announced (in February) that it posted record results for the nine-month period ended December 31, 1998. The Company posted sales of $27,171,662, a $9,403,629, or 52.9%, increase over its comparable 1997 nine-month sales of $17,768,033. Play Co. Toys generated net income of $1,008,143 for the nine-month period ended December 31, 1998 compared to a loss of $(868,917) for the nine-month period ended December 31, 1997.
Play Co. Toys is a toy retailer with 25 stores located in Southern California, Arizona, Illinois, Michigan, Nevada and Texas. The Company operates under the Play Co. Toys, Toys International and Toy Co. tradenames. Play Co. Toys specializes in offering educational, specialty, collectible, and traditional toys.
Hollywood Productions, Inc. is a producer of motion pictures and, through its subsidiary, Breaking Waves, Inc., a manufacturer of swimwear.
Statements contained in this press release which are not historical facts may be considered forward looking information with respect to plans, projections, or future performance of Play Co. Toys as defined under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those projected.
SOURCE: Hollywood Productions, Inc. |
