4Kids Entertainment and Toys ``R'' Us Sign Exclusive Agreement for Tech Toys.Entertainment Editors/Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 2, 2002 4Kids Entertainment, Inc. (NYSE NYSE See: New York Stock Exchange :KDE (K Desktop Environment) A GUI-based user interface primarily for Unix and Linux machines, but also available for Windows and Mac. The source code is freely distributed and is maintained by developers around the world. ) announced that its subsidiary, 4Kids Technology, Inc., has entered into a three-year agreement with Toys "R" Us Toys "R" Us (currently typeset as ToYsЯuS in the logo) is a toy store chain based in the United States, Canada, Australia,The Netherlands, South Africa, Hong Kong and the United Kingdom. (NYSE:TOY) to jointly develop toys and games that use existing and novel technology (Tech Toys), for sale exclusively at Toys "R" Us retail locations throughout the world. Under the terms of the agreement, 4Kids Technology, Inc., will invent, create and engineer the Tech Toys with Toys "R" Us being responsible for the final development, manufacture and sale of the products. The Tech Toys include electronic features that enhance play patterns making them particularly appealing to kids and their parents. "We are delighted to partner with Toys "R" Us to bring these Tech Toys to market exclusively at Toys "R" Us, one of America's leading toy retailers," said Alfred R. Kahn
Alfred R. Kahn (born in New York City, New York U.S. in May 29 1947) is Chairman and CEO of 4Kids Entertainment, a New York Stock Exchange-listed company that is a global , Chairman of 4Kids Entertainment. About 4Kids Entertainment, Inc. 4Kids Entertainment, Inc., is a vertically integrated company whose subsidiaries are dedicated to the best in children's entertainment. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with international offices in London, 4Kids Entertainment is a global provider of children's entertainment and merchandise licensing. 4Kids, through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , provides domestic and international merchandise licensing and product development; television, film, music and home video production and distribution; media buying and planning; and Web site development. About Toys "R" Us Toys "R" Us, one of the world's leading retailers of toys, children's apparel and baby products, currently sells merchandise through 1,584 stores worldwide: 689 toy stores in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ; 526 International toy stores, including franchise stores; 148 Kids "R" Us children's clothing stores; 178 Babies "R" Us stores; and 43 Imaginarium stores, and through Internet sites at http://www.toysrus.com, http://www.babiesrus.com and http://www.imaginarium.com. This press release contains 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. . Due to the fact that the Company faces competition from toy companies, motion picture studios and other licensing companies, and the uncertainty of public response to the Company's properties, actual results or outcomes may differ materially from any such forward looking statements. This release and prior releases are available on the Company's Worldwide Web site at http://www.4KidsEntertainment.com You may register to receive 4Kids Entertainment's future press releases or to download a complete Digital Investor Kit(TM) including press releases, regulatory filings and corporate materials by clicking on the "Digital Investor Kit(TM)" icon at http://www.kcsa.com. |
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