DSI Toys Inc. Announces Completion of Going-Private Transaction.Business Editors HOUSTON--(BUSINESS WIRE)--Aug. 12, 2003 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")(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DSIT) today announced that its shareholders have approved the proposed merger with DSI Acquisition Inc., a Texas corporation controlled by E. Thomas Martin, the Company's chairman. Following the vote at a special meeting of the Company's shareholders on Aug. 11, 2003, the merger will be consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. at 11:59 p.m. on Aug. 12, 2003, at which time DSI Acquisition Inc. will merge with and into the Company, which will become privately held. Accordingly, the Company intends to file notices with the Securities and Exchange Commission and with the over-the-counter Bulletin Board requesting termination of registration and removal from quotation QUOTATION, practice. The allegation of some authority or case, or passage of some law, in support of a position which it is desired to establish. 2. Quotations when properly made, assist the reader, but when misplaced, they are inconvenient. , respectively. At the time of the merger, the Company's outstanding shares of common stock (other than shares already owned by certain existing shareholders of the Company who shall remain as shareholders of the Company pursuant to the terms of the merger agreement and shares held by those shareholders who properly dissented) converted into the right to receive $0.47 for each share of common stock. Instructions explaining how shareholders may exchange their shares of the Company's common stock for the merger consideration will be mailed to shareholders. The Company designs, develops, markets and distributes high quality, innovative dolls, toys and consumer electronics products. Core products include DJ Skribble(TM)'s Spinheads(TM) "DJ" style music mixing toy figures, 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, a full range of special feature doll brands including Too Cute Twins (R), Somersault Sara(TM), Hush Li'l Baby(R) and Little Darlings(R). 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 the Company'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 the Company's customers, competition, and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. |
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