HONG KONG, May 8 -- Radica Games Limited announced today that it has entered into an ODM manufacturing agreement with WiZ Co., Ltd. Under this agreement, Radica will manufacture a new Digimon electronic game called D-Scanner, which incorporates the proprietary scanning technology already made famous in its highly successful Skannerz(TM) line of games. Initial deliveries are planned for May of this year. The agreement includes a license to WiZ Co., Ltd. for the Japanese market to utilize Radica's intellectual property regarding scanning games. The products are expected to be distributed in the Japanese market by Bandai Co., Ltd.
Pat Feely, president and CEO of Radica Games Limited said, "It is a perfect combination of our technology and Bandai's highly successful Digimon brand. We are delighted to work once again with the incredibly creative talent of WiZ and the vision of Bandai in bringing this innovative product to the Japanese market."
"We have known Radica for their creativity in producing innovative products. In the fourth year Digimon show, we are glad to introduce D-Scanner, the outcome of winning combination of Radica, WiZ and Bandai. We hope to add yet another successful LCD game line to Digimon with this cutting edge product," said Mr. Takeichi Hongo, Executive Officer and General Manager of Character Toys Department, Bandai Co., Ltd.
"We are very excited to have this opportunity to work with Radica and Bandai on this project. D-Scanner is the main product in our new Digimon show, 'Digimon Frontier' and we are confident that it will be the most successful LCD Digimon game ever," said Akihiro Yokoi, CEO, WiZ Co., Ltd.
The foregoing discussion contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. Forward-looking statements include statements about efforts to attract or prospects for additional or increased business, new product introductions and other statements of a non-historical nature. Actual results may differ from projected results due to various Risk Factors, including Risks of Manufacturing in China, Dependence on Product Appeal and New Product Introductions, and Dependence on Major Customers, as set forth in the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2000, as filed with the Securities and Exchange Commission. See "Item 3. Key Information - Risk Factors" in such report on Form 20-F.
About Radica Games Limited
Radica Games Limited (Radica) is a Bermuda company headquartered in Hong Kong (Nasdaq: RADA). Radica is a leading developer, manufacturer and distributor of a diverse line of electronic products, including handheld and tabletop games, girls' lifestyle products, high-tech toys and video game accessories. Radica has subsidiaries in the U.S.A., Canada and the U.K., and a factory in Dongguan, Southern China. More information about Radica can be found on the Internet at http://www.radicagames.com.
