Fun Cosmetics Inc. Begins Trading Publicly on NASDAQ Bulletin Board.HILLSIDE, N.J.--(BUSINESS WIRE)--March 17, 1998--Fun Cosmetics Inc., Hillside, has begun trading publicly on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Bulletin Board, Symbol:FCSM FCSM Federal Committee on Statistical Methodology FCSM Football Club Sochaux Montbéliard FCSM Fellow of the Cambridge Society of Musicians FCSM Frame Cell Switching Module (XYLAN) . The company produces and markets cosmetics designed for the women's youth market aged 12 to 19. The products are sold in mass retail and drug chains, i.e. Walgreens, CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. , and Duane Reade. Fun Cosmetics was purchased in January 1998 from Pentech International, Inc., a public company in Edison, N.J., which makes writing instruments. According to David Blau, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , in 1998, its first full year of operations, the company projects sales from $4 to $5 million and expects to be profitable. According to Fortune magazine, the teen-age market for fashion-related products in the US now exceeds $85 billion. Senior Vice President for Marketing is Kristin Penta, age 27. She defines her teen-age customer as "cool and edgy, but slightly geeky." Fun(r) products include: washable body ink, flavored lip liner pencils, color glitter sticks, fruity lip gloss and nail enamel. Ms. Penta believes that "unique positioning and modern, truly fun products will drive our business in the future." The company has a total of 3,295,000 shares outstanding, with 600,000 shares trading publicly. For further information: David Blau, President, Fun Cosmetics Inc., 1319 N. Broad St., Hillside, N.J. 07205. Tel: 908/289-9250, Fax: 908/289-9018, and John Weil Co. Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , Fort Lauderdale, FL, Tel: 954/566-6163. This release contains forward-looking statements made pursuant to the safe harbor provisions of 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. These statements involve risks and uncertainties that could cause actual results to differ materially. CONTACT: Fun Cosmetics Inc., Hillside David Blau, President, 908/289-9250 or John Weil Co.Financial Public Relations Financial public relations Public relations division of a company charged with cultivating positive investor relations and proper disclosure information. , Fort Lauderdale John Weil, 954/566-6163 or Behrman Tractenberg Communication, New York Beauty/Style Public Relations Nikki Gersten, 212/986-7000 |
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