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Marx Toys down 50%+ today could be a great buying opportunity although there is reason for concern from some news releases today. I started this thread for discussion. To open the thread, here's their last press release (I'll follow with news in the thread): Marx Toys Receives Multiple Orders For IM Buddies; Company Raises Projections SEBRING, Ohio--(BUSINESS WIRE)--Aug. 15, 2003--Marx Toys And Entertainment Corp. (OTCBB:MRXT) receives multiple retail orders including another 10,000 unit wholesale order for its revolutionary new "IM Buddies" toy line. Additionally, Marx Toys has received orders from retailers across the US and will be announcing as orders are processed. This is the second large wholesale order in one week since Marx Toys introduced the "IM Buddies" toy Line. Marx's Sales Team plans on raising it's projections due to the enormous receptiveness in the field. Our sales force had a conservative goal of 1 million units to be sold by year's end, however, based on the current order flow and multiple orders waiting for credit line approvals, Marx Toys now expects Toy sales to exceed previous projections by years end. Marx Toys will continue to be aggressive thru its retail channels and is presently in the final stages of negotiations with major Internet service providers, motion picture studios, television producers, a large telemarketing department and other licensees. Looking Forward, Marx Toys sees continued strong growth in new retail and wholesale orders, strong website transactional business, and significantly higher profits for the 3rd Quarter and into the years end. The company is looking forward to sharing additional details regarding new retail partners, additional Marx Toys product lines, and our aggressive growth strategy over the next few days and weeks. "Since our introduction of the product, these orders represent only 1 week of transactional order flow and the current monthly projections are significantly higher than we ever expected. We remain confident with our current closing rates on orders and we see much stronger retail and wholesale order flow into the holiday season and beyond," comments Steven Wise, MARX Toys CEO, "Individuals have inundated our website while trying to order the 'IM Buddies'." About IM Buddies IM Buddies are a new robotic line which will retail for $24.99. The toy, which Marx has exclusivity to, will resemble famous cartoon characters and real life individuals. The buddy will sit on top of one's computer monitor and verbalize the user's incoming messages through an advanced "text to speech" technology. The animatronic messaging companion not only talks in the actual character's voice, but has the motorized ability to move it's mouth and head simultaneously. This companion uses an infrared sensor and is linked to the front of the computer monitor. Last, it consists of multifunctional capabilities, which include reading stories and playing a handful of online games that come packaged with each toy. So far, Marx has revealed its first 2 characters...Bugs Bunny and Daffy Duck, both from the Warner Bros. Looney Tunes Family. About Marx Toys And Entertainment Corp. Marx Toys And Entertainment Corp. manufactures and markets interactive toys and reissued collectible toys, along with classic games, play sets and ride along toys. 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 1928. To read more on this history, visit marxtoys.com. In late July, Marx Toys announced AZtor Corporation which the Company plans to form a separate subsidiary, yet integrate its software development for future integration into our new Toy line. About AZtor Corp. AZtor, based in New Jersey, offers a suite of high performance and manageable storage products. AZtor products are powered by its unique Storage Area Management Software (CloudStor(TM)) and are simple to install, manage and administrate. The software has been widely accepted globally, especially in the defense and aviation sectors due to its inability to lose data. In disaster recovery situations, the software continues to store data thru mirroring the information to multiple units. This allows one to retrieve lost time and data in seconds rather than days or weeks with storage driven software made by companies such as EMC (NYSE:EMC), IBM (NYSE:IBM) and HP (NYSE:HPQ). aztor.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. Marx Toys And Entertainment Corp. takes no obligation to update or correct forward-looking statements. CONTACT: Investor & Media Relations For MARX Toys JD Merlin & Associates, 860-857-1462 JDMerlinDotCom@aol.com | ||||||||||||||
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