DSI Toys, Inc. Announces Corporate Office Move and Relocation of U.S. Warehouse Operations.Business Editors HOUSTON--(BUSINESS WIRE)--Sept. 17, 2002 DSI (Dynamic Systems Initiative) An umbrella term for a suite of Microsoft products that help manage the Windows environment in large enterprises. DSI was introduced in 2003. Toys, Inc. (Nasdaq:DSIT) today announced the completion of the relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. of its corporate offices to a new Houston location, and the relocation of its U.S. based warehousing and distribution to Fife, Washington Fife is a city in Pierce County, Washington, United States. The population was 4,784 at the 2000 census. History In 1940, it was described as "Fife...at a valley crossroads in the midst of a thickly settled berry growing and truck-gardening district is represented by a . As a part of its goals to consolidate operations for better efficiency and to achieve cost savings, the Company announced that it had completed the relocation of its headquarters to 16,400 square feet of newly constructed office space at 10110 West Sam Houston Parkway, South, Suite 150, Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . After 10 years in its previous office/warehouse, the Company has moved into an office only headquarters and completed the relocation on time and under budget. In conjunction with the office move, the Company has also completed the shift of its U.S. warehousing and distribution operations to Fife, Washington, pursuant to a long-term service and rate agreement with Regal West Corporation. Pursuant to the agreement, the Company can utilize up to 75,000 square feet of space in Regal's warehouse complex, with rights to acquire additional space to meet seasonal needs. The Company is also utilizing public warehouse space at Transport Management Consultants, Inc. in Houston to handle the Company's returned goods. "Although it is too early to have actual comparative costs of operations at the new locations, the Company projects the moves will result in more than $200,000 in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. savings," stated Joseph S. Whitaker, President and Chief Executive Officer. The Company designs, develops, markets and distributes high quality, innovative dolls, toys and consumer electronics products. Core products include Tech-Link(R) communications products, Kawasaki(R) electronic musical instruments, GearHead
Unrevealed First appearing in Steel #14 (April 1995), the first Gearhead appeared in Steel (R) remote control vehicles, LazerDoodle(TM) electronic drawing toy and a full range of special feature doll brands including Sweet Faith(R), Pride & Joy(R), Too Cute Twins(TM), Somersault Sara(TM), Hush Li'l Baby(R), Little Darlings(R) and the Elite(R) brand of Lifetime Play Dolls(TM). The Company's Web site can be reached at http://www.dsitoys.com. 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. Statement Under 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: Statements in this press release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new and existing products, capital resources, and future financial condition and results are forward-looking. 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. involve risks and uncertainties, which may cause DSI's actual results in future periods to differ materially and adversely from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of DSI's customers, competition, and other factors discussed from time to time in DSI's filings with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion