(KDSPW) Kids Stuff, Inc. Retains Ulin & Holland to Seek Merger or Strategic Agreement With E-Commerce Partner.Business Editors NORTH CANTON North Canton, city (1990 pop. 14,748), Stark co., NE Ohio, a suburb of Canton; settled c.1815, inc. as a city 1961. Vacuum cleaners and industrial die castings are among the city's manufactures. , Ohio--(BUSINESS WIRE)--Feb. 16, 2000 Kids Stuff, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: KDST, KDSPP, KDSTW, KDSPW), a leading direct mail and internet retailer of upscale children's products, announced today that it will seek a strategic agreement or merger with a partner whose business is internet based. Kids Stuff, Inc. publishes four catalogs for upscale parents of children from pre-natal to age three. While the Company's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight from its catalogs have grown from $5.7 million in 1995 to $16.7 million in 1999, it was the Company's start-up website, www.kidsstuff.com that has captured the Company's focus for growth and expansion. Kids Stuff, Inc. President Jeanne Miller stated "We were delighted when kidsstuff.com reached 7.9% of our sales in its first quarter ended December 31, 1999. While January is traditionally a slower sales period for retailers in general, it wasn't for us. The run-rate we projected for the third quarter looks like it will be achieved this month. We thought that we could ultimately double our sales with e-commerce - and we were right - but it seems to be developing quicker than we thought." Kids Stuff, Inc.'s operational base is located in North Canton, Ohio North Canton is a city in Stark County in the U.S. state of Ohio. The population was 16,369 at the 2000 census. History
To this purpose, Kids Stuff, Inc. has retained Ulin & Holland, of Boston, MA to identify potential mergers and strategic partners for the Company, and to assist in consummating an agreement. Ulin & Holland is a leading merger and acquisition firm serving the catalog industry. About Kids Stuff, Inc. Kids Stuff, Inc. is a specialty direct marketer which publishes four catalogs and maintains a website which emphasizes children's clothing and hardgood products from prenatal prenatal /pre·na·tal/ (-na´tal) preceding birth. pre·na·tal adj. Preceding birth. Also called antenatal. prenatal preceding birth. to age three. The Company's publications are: "Perfectly Safe", Jeannie's Kids Club", "The Natural Baby", and "Little Feet". The web site is accessible on Yahoo! (Shopping (http://shopping.yahoo.com) a popular one-stop Internet shopping service and part of Yahoo!'s branded network of global Internet properties. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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