JAKKS Pacific Inc. Partners With Pebble Beach Resort and E-Z-Go Textron to Develop New Line of Die-Cast Collectible Golf Carts.MALIBU, Calif.--(BUSINESS WIRE)--Feb. 17, 1999--JAKKS Pacific, Inc. (Nasdaq/NMS:JAKK) Wednesday announced that it has signed a licensing agreement with Pebble Beach Resort and E-Z-Go Textron Corp. to design, manufacture and market a premier line of die-cast collectible golf carts. Carts in the collection will be exact replicas of E-Z-Go Textron golf carts from the Pebble Beach Resort's family of golf courses: Pebble Beach Golf Links Pebble Beach Golf Links is one of several well known courses in Pebble Beach, California and probably the most famous golf course in the Western United States. Four of the courses in the coastal community of Pebble Beach, including Pebble Beach Golf Links,[1] , The Links at Spanish Bay Spanish Bay can mean:
Located in Monterey, Calif., the renowned Pebble Beach Resort courses attract golfers from around the world. Guests collectively play more than 210,000 rounds of golf on the Pebble Beach courses annually, which enjoy more than two million visitors a year. The first of JAKKS Pacific's new die-cast golf carts will be available at mass, specialty and hobby stores A hobby store is a place dedicated to the selling of things that people usually employ for their personal satisfaction. Hobby stores were traditionally popular with men and children, but today many hobby stores today cater to women's interests too. , as well as pro shops and golf specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod" , beginning fall 1999. "The Pebble Beach Resort family of golf courses are among the most prestigious golf resorts in the nation," 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 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 . "In addition, we are particularly pleased to be affiliated with the leading name in golf cart manufacturing, E-Z-Go Textron. We look forward to developing this unique line of die-cast collectible vehicles backed by the strength, respect and reputation of both the Pebble Beach Resort family and the E-Z-Go Textron name." Kim Canales, spokesperson for Pebble Beach Resort, said: "We are excited about partnering with JAKKS Pacific and creating a one-of-a-kind collectible for the Pebble Beach Resort family. The company's expertise with their successful Road Champs(R) and Remco(R) lines made them the obvious choice for this alliance." "As manufacturer of the number-one golf cart in the world, we think it is only fitting that E-Z-Go is the first die-cast collectible golf cart," said Ronald Skenes, communications manager for Augusta, Ga.-based E-Z-Go Textron. "We are pleased that JAKKS Pacific selected us as a partner in this exciting project." JAKKS Pacific and its affiliates develop, manufacture and market toys and related products for children, including action figures featuring characters from the World Wrestling Federation(R), die-cast collectible and toy vehicles under the Road Champs and Remco brand names, Child Guidance(R) pre-school toys and a line of fashion dolls and 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 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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