Flying Colors Awarded ``Harry Potter'' License.Business & Entertainment Editors MALIBU, Calif.--(BUSINESS WIRE)--June 7, 2000 Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Consumer Products has awarded Flying Colors Noun 1. flying colors - complete success; "they passed inspection with flying colors" flying colours success - an attainment that is successful; "his success in the marathon was unexpected"; "his new play was a great success" , a division of JAKKS Pacific JAKKS Pacific, Inc. NASDAQ: JAKK is is a multi-brand company that designs and markets a broad range of toys and consumer products and is based in Malibu, California. Its product categories include action figures, art activity kits, stationery, writing instruments, performance , Inc. (Nasdaq:JAKK), the licensing rights to develop a line of crafts and activities products based on the literary phenomenon Harry Potter. Harry Potter is the central character in a series of books for children and adults alike that has swept the world. Written by British author J.K. Rowling, the books follow the exploits of a boy who learns on his eleventh birthday that he is the orphaned son of two powerful wizards and possesses unique magical powers of his own. He is summoned from his life as an unwanted foster child to become a student at Hogwarts, an English boarding school for wizards. There, Harry meets several friends who become his closest allies and help him discover the truth about his parents' mysterious deaths at the hands of a powerful adversary. Stephen Berman, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of JAKKS Pacific, Inc., noted that the world of Harry Potter, which is full of magical and intriguing characters and suspenseful plot twists, will provide an enormous reservoir of theme material for JAKKS' Flying Colors division. "Fans of all ages have been captivated cap·ti·vate tr.v. cap·ti·vat·ed, cap·ti·vat·ing, cap·ti·vates 1. To attract and hold by charm, beauty, or excellence. See Synonyms at charm. 2. Archaic To capture. by the magical world of Harry Potter," said Berman, "and we are pleased to be able to bring these moments and characters to life through our products. Harry Potter is expected to be one of the most exciting properties ever in the crafts and activities segment of the children's toy market." "We are truly excited to have the opportunity to bring Harry Potter from the pages of a literary phenomenon to the playtime of children worldwide," added Michael L. Bianco, senior vice president of sales and development for Flying Colors. "It is the creativity and expertise of our licensees such as Flying Colors that will be key in developing merchandise that reflects the true spirit of this worldwide phenomenon," said Karen McTier, senior vice president, North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. sales, Warner Bros. Consumer Products. JAKKS Pacific is a multi-brand toy company that designs, develops, produces and markets toys and related products under various brand names (including Flying Colors(R), Road Champs(R), Remco(R), and Child Guidance(R)) in multiple product categories including: Wheels; Action Figures; Crafts/Activities/ Stationery; Infant/Pre-School; Trading Cards/Games; Plush; and Dolls. Warner Bros. Consumer Products, a division of Warner Bros., a Time Warner Entertainment Company, L.P., is one of the leading and most diversified licensing and retail merchandising organizations which includes a vast library of intellectual properties and the Warner Bros. Studio Stores, including wbstore.com, an e-commerce Web site. With more than 3,700 licensees, Warner Bros. Consumer Products licenses the rights to names, likenesses and logos for a variety of entertainment properties and categories, and Warner Bros. name icons that include Looney Tunes, Batman, Superman, Scooby-Doo, The Wizard of Oz Wizard of Oz reaches and departs from Oz in circus balloon. [Children’s Lit.: The Wonderful Wizard of Oz] See : Ballooning Wizard of Oz false wizard takes up residence in Emerald City. [Am. Lit. , Friends, ER and its newest member, Harry Potter. "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: 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. . Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual future results or events may vary materially from those described herein. |
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