Costco Wholesale Corp. Not Involved in Bungee Baby Jumper Recall; Recall Involves Cosco Inc., a Subsidiary of Dorel Industries Inc. of Montreal, Canada.Business Editors ISSAQUAH, Wash.--(BUSINESS WIRE)--April 4, 2001 Some news organizations are confusing con·fuse v. con·fused, con·fus·ing, con·fus·es v.tr. 1. a. To cause to be unable to think with clarity or act with intelligence or understanding; throw off. b. the Cosco Inc. furniture manufacturing company with Costco Wholesale Corp. (Nasdaq:COST), the national chain of warehouse clubs. Cosco Inc., which recently recalled its bungee baby jumper Ba´by jump`er 1. A hoop suspended by an elastic strap, in which a young child may be held secure while amusing itself by jumping on the floor. , is a wholly owned subsidiary 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. of Dorel Industries Dorel Industries Inc. (TSX: DII and NASDAQ: DIIB) is a Montreal, Quebec-based company which designs and manufactures for three areas: juvenile, home furnishings and recreational/leisure. Dorel employs approximately 4,800 people. Inc., based in Montreal, Canada. Neither Cosco nor Dorel have any relationship with Costco Wholesale Corp., which is headquartered in Issaquah, Wash. Costco Wholesale Corp. trades on the NASDAQ under the symbol "COST." |
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