DSI Toys Inc. Announces Change in Fiscal Year-End.HOUSTON--(BUSINESS WIRE)--Sept. 8, 1999-- 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., the Company, (Nasdaq:DSIT) is pleased to announce that effective Dec. 31, 1999, the Company will change its fiscal year-end Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. from January January: see month. 31 to a calendar year-end. In commenting on the change, DSI's Chief Financial Officer Robert Weisgarber said, "Almost all toy companies currently in our peer group have adopted a calendar year-end. DSI believes its decision to change year-end will ensure that shareholders and the financial community receive both timely and comprehensive information on our growth and progress in the toy business." DSI Toys Inc. (Nasdaq:DSIT) designs, develops, markets and distributes high quality, value-priced toys and children's consumer electronics. Core product categories are juvenile audio products (including Tech-Link((TM)) and Digi-Tech((TM)) walkie-talkies, pre-teen audio products and Kawasaki((R)) musical toys), girls' toys (including dolls, play sets and accessories), and boys' toys (including Kawasaki((R)) and Burnin' Thunder thunder, sound produced along a path of a lightning flash, caused by the rapid heating and expansion of the adjacent air. Rolling thunder occurs either as a result of the time difference between sounds from the far and near end of a flash, or when mountains, layers ((TM)) radio control vehicles, BLOCKMEN((R)) construction sets, and western and military action toys). The Company's web sites can be reached at http://www.dsitoys.com and http://www.blockmen.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. |
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