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DSI Toys Inc. Announces Management Change.

HOUSTON--(BUSINESS WIRE)--July 2, 1999--

DSI Toys Inc. (Nasdaq:DSIT) announces the departure of Howard G. Peretz. Having been instrumental in the development of the Company's brand recognition and licensing expansion, Peretz is leaving to pursue other professional endeavors.

Peretz joined DSI as senior vice president, marketing and strategic planning in August 1998. Prior to joining DSI, Peretz provided consulting services. Earlier positions included vice president of marketing at Knickerbocker Toys, a division of Warner Communications Inc., and president of Package Play Development Inc., an invention and marketing consulting group.

"All of us at DSI Toys wish Howard the best, and thank him for his contributions to the Company," stated Michael Lyden, president and chief executive officer.

DSI Toys Inc. (Nasdaq:DSIT) designs, develops, markets and distributes high quality, value-priced toys and children's consumer electronics. Core product categories are juvenile audio products (including Tech-Link((TM)) and Digi-Tech((TM)) walkie-talkies, pre-teen audio products and Kawasaki((R)) musical toys), girls' toys (including dolls, play sets and accessories), and boys' toys (including Kawasaki((R)) and Burnin' Thunder((TM)) radio control vehicles, BlockMen((TM)) construction sets, and western and military action toys). The Company's web sites can be reached at http://www.dsitoys.com and http://www.blockmen.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new and existing products, capital resources, and future financial condition and results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause DSI's actual results in future periods to differ materially and adversely from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of DSI's customers, competition, and other factors discussed from time to time in DSI's filings with the Securities and Exchange Commission.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 2, 1999
Words:315
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