PLAYTIME TOYS ANNOUNCES A 2-FOR-1 STOCK SPLIT
PLAYTIME TOYS ANNOUNCES A 2-FOR-1 STOCK SPLIT SCOTTSDALE, Ariz., Aug. 13 /PRNewswire/ -- Playtime Toys Inc.
(NASDAQ: PTTY) today announced a 2-for-1 stock split effective Aug. 17, 1992. This split should provide the necessary liquidity in order to insure a more diversified shareholder base. Commenting on the business, the vice president, Todd Poirier, noted "Our backlog of orders has the first shift at our production and warehouse facility at Ft. Smith, Ark., working at full capacity. We are currently discussing adding a second shift in the near term in order to keep up with the overwhelming amount of orders we are receiving."
Playtime Toys Inc. manufactures and distributes a line of educational interlocking foam puzzles licensed under the Hanna- Barbera Productions Inc. logo. -0- 8/13/92 /CONTACT: Todd Poirier, VP and secretary of Playtime Toys, 602-948-2056/ (PTTY) CO: Playtime Toys Inc. ST: Arizona IN: HOU SU:
JL-KJ -- LA034 -- 9745 08/13/92 15:03 EDT
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|Date:||Aug 13, 1992|
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