MONMOUTH, N.J. -- Dec. 18, 2002 -- Dreamfield Holdings Inc., is pleased to announce the acquisition of New Jersey-based Dreamfield Entertainment.
The acquisition will allow Dreamfield Holdings to jump into the $25 Billion dollar Toy Industry.
Dreamfield Entertainment is lead by ex McFarlane executives and designers. McFarlane, a leader in the collectible action figure sector, is known for its magnificent detail and diversified product line from Spawn, Super Heroes, Rock and Roll Musicians, Movie Heroes to Electric Gaming Characters. McFarlane did over $30 million in sales last year and their product lines are sold all around the world.
Robert Lomonaco, President of Dreamfield Entertainment, heads the Dreamfield Holdings Inc. division. Mr. Lomanaco was the senior VP of both marketing and sales for McFarlane for 8 years (1993-2001). Mr. Lomanaco has also been associated with such companies as Matchbox and Parker Bros. Corporation.
Tony Billotto will be in charge of Product Development for Dreamfield Entertainment. Mr. Billotto also worked at McFarlane and his expertise can be seen in the detailed quality product that you see today.
About Dreamfield Holdings
Dreamfield Holdings Inc. ("DHI"), is a New Jersey-based holdings company formed in 2002. Dreamfield Entertainment focuses on selling toys, games and collectible action figures. DHI will aggressively continue to search for new potential acquisitions based on the company's profitability, potential, and ability to compliment its sole subsidiary.
About Dreamfield Entertainment
Dreamfield Entertainment, a fully owned subsidiary of DHI, focused on the production of toys, games and collectible action figures. Dreamfield Productions is lead by an experienced management team and staff. The team also brings with them excellent business connections from distributors, manufacturers to end retailers. Management is actively pursuing licenses, product ventures, and game developments.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Statements in this release, which relate to other than strictly historical facts, including statements about the Company's plans and strategies, as well as management's expectations about new and existing products, technologies and opportunities, market growth, demand for acceptance of new and existing products, are forward-looking statements. The words "believe", "expect", "anticipate", "estimate", "project" and similar expressions identify forward-looking statements that speak only as of the date hereof. This press release contains certain forward-looking statements regarding its business prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements.