SoftQuad International Inc. Will Not Meet Q4 Revenue Expectations; NewKidCo Shipping Delay.BURLINGTON, Mass.--(BUSINESS WIRE)--Dec. 7, 1998-- Objective of Delay is to Ensure New Products Set the Standard for Preschool Video Games SoftQuad International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:SWEBF ; TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :SKI) announced today that NewKidCo's Sesame Street(R) video game console A specialized desktop computer used to play video games. The three most popular game consoles are Sony's PlayStation 3 (PS3), Nintendo's GameCube and Microsoft's Xbox. Game software is available on CDs or DVDs, although earlier game machines used cartridges containing read only memory and hand-held titles Elmo's Letter Adventure Elmo's Letter Adventure is an educational game for the Nintendo 64 and PlayStation featuring Sesame Street's Elmo. It was released in 1999. It was meant to be a game for toddlers. External links
Richard Rabins, 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. of SoftQuad International Inc. said: "The delay is directly related to our objective of producing video games that raise the bar and set the standard for preschool children. Our goal is to deliver products that will warrant strategic marketing arrangements with our platform providers, thereby enhancing the long-term success of these products." About SoftQuad International: Alpha Software Corporation (Alpha, Alpha Software), based in Burlington, Mass. is a wholly-owned operating company of SoftQuad International Inc. (OTC BB: SWEBF; TSE:SKI) Alpha Software owns controlling interest in NewKidCo LLC, a joint venture publishing video games for young children on "next generation" game console systems. NewKidCo's mission is to become the leading provider in the children's video game category with such popular licensed properties as Sesame Street's `Elmo' from Children's Television Workshop Children's Television Workshop: see Cooney, Joan Ganz. (R) and Steven Spielberg presents TINY TOON Adventures(R) from Warner Bros. NewKidCo's products are sold nationwide through the retail channel. For more information please visit http://www.newkidco.com Sesame Street is a registered trademark of Children's Television Workshop. All other names are trademarks or registered trademarks of their respective companies. Press material can be accessed at http://www.softquadintl.com Forward-looking statements in this release are 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. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including without limitation risks of intellectual property rights and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , risks in technology development and commercialization, risks in product development and market acceptance of and demand for the Company's products, risks of downturns in economic conditions generally, risks associated with competition and competitive pricing pressures, risks associated with foreign sales, risks associates with the sell-through of products in the sales channels, risks associated with customer concentration and other risks detailed in the Company's filings with the Securities and Exchange Commission. |
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