JAKKS Pacific, Inc. Signs Licensing Agreements With American Suzuki Motor Corporation and Members of Its Racing Team.Business/Entertainment Editors MALIBU, Calif.--(BUSINESS WIRE)--March 16, 2000 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) today announced that it has signed licensing agreements with American Suzuki Motor Corp. (ASMC ASMC American Suzuki Motor Corporation ASMC American Society of Military Comptrollers ASMC Association of Sales & Marketing Companies ASMC Advanced Semiconductor Manufacturing Conference ASMC Area Support Medical Company ASMC American Small Manufacturers Coalition ) and members of its racing team. The agreements call for JAKKS Pacific Inc. to develop miniature reproductions of selected Suzuki motorcycles and gear used by Team Suzuki. These products will be manufactured under the company's Road Champs(R) MXS MXS Maintenance Squadron MXS Microsoft Exchange Server MXS Svg Matrix brand and will include, in addition to likenesses of the riders, key chains, LCD hand-held video games See video game console. , collectible die-cast motorcycles, mini motorcycle part accessories, motorcycle playsets, and motorcycles with gear accessories modeled on the 125cc and 250cc motorcycles used by Team Suzuki. Included in the agreements are seven members of Team Suzuki: Travis Pastrana Travis Alan Pastrana (born October 8, 1983, in Annapolis, Maryland) is a motorsports competitor who has won championships and X Games gold medals in several events, including supercross, motocross, freestyle motocross, and rally racing. , Greg Albertyn Greg Albertyn (born October 13, 1973 in Johannesburg, South Africa), is a former World Champion motocross racer. He is now a real estate developer in Riverside, California. , Robbie Reynard, and Damon Huffman, who ride in the supercross/motocross series; Rodney Smith and Steve Hatch, both of whom are off-road (cross country) racers; and Buddy Antunez, who is on the arenacross team. Team Suzuki -- from twenty-year veteran Rodney Smith, a consistent standout in the AMA (Automatic Message Accounting) The recording and reporting of telephone calls within a telephone system. It includes the calling and called parties and start and stop times of the call. Grand National Cross Country Series, to Travis Pastrana, the newest and (at 16) the youngest member of the team who last year earned a gold medal in the Summer X-Games Freestyle Motocross category -- has the skill, ability and experience required to win in this highly competitive sport category. "We are extremely pleased to welcome Suzuki and its riders to JAKKS' growing family of products," said 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. "It is no exaggeration to say that Team Suzuki has a combination of experience and talent that is unsurpassed among factory teams." ASMC Vice President Mel Harris stated that Suzuki was excited to be involved with this product. "This licensing-arrangement will allow us to showcase our product, as well as personalities from our race teams, to those who otherwise might not be exposed to them. This will allow us to increase awareness for our individual products as well as our brand itself." Additional information on Team Suzuki and American Suzuki Motor Corp., (whose products include automotive, marine, motorcycle and all terrain vehicle applications) may be found at www.suzukicycles.com. JAKKS Pacific is a multi-brand toy company that designs, develops, produces and markets toys and related products, including: action figures and accessories featuring licensed characters, principally from the World Wrestling Federation(R); Flying Colors(R) molded plastic activity sets, clay compound playsets and lunch boxes; Road Champs(R) die-cast collectible and toy vehicles and Remco(R) toy vehicles and role-play toys and accessories; Child Guidance(R) infant and preschool electronic toys, toy foam puzzle mats and blocks, activity sets, and outdoor products; and fashion and mini dolls and related accessories. "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 news release contains forward-looking statements. 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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