SEBRING, Ohio, Aug 4, 2003 -- Marx Toys And Entertainment Corp. (OTCBB:MRXT), announced the launch of a revolutionary interactive toy that will enhance Internet users of all ages with their instant messaging experiences. Marx will be the exclusive retail distributor of what could be the hottest toy this holiday season. The toy, which will resemble famous cartoon characters and real life individuals, will sit on top of one's computer monitor and verbalize the user's incoming messages through an advanced "text to speech" technology. The animatronic messaging companion not only talks in the actual character's voice, but has the motorized ability to move it's mouth and head simultaneously. This companion, which will retail at $24.99, also uses inferred censor technology and is linked to the front of the computer monitor. Last, it consists of multifunctional capabilities, which include reading stories and playing a handful of online games that come packaged with each toy.
"Our team is very excited to bring this product to market, it's the first interactive Internet related toy of its kind. First there was hardware, then software. Now, we'd like to introduce toyware," states Marx Toys' CEO, Steven Wise and added, "Marx will continue to be aggressive. Our newly hired sales force has set goals of selling one million units through its retail channels and we are presently in negotiations with major Internet service providers, motion picture studios, television producers and other licensees."
Late last week, Marx Toys & Entertainment acquired software company, AZtor Corporation. The software technology will help Marx to develop enhanced interactive toy lines for the future. The interactive characters, which are already creating a buzz in the toy industry, will be in stores shortly.
About Marx Toys And Entertainment Corp.
Marx Toys And Entertainment Corp. manufactures and markets interactive toys and reissued collectible toys, along with classic games, play sets and ride along toys. Marx's vintage originals are highly collectible amongst hobby enthusiasts. Marx branded toys are sold at more than 400 toy and hobby retailers across the U. S. and has a rich history dating back to 1928. To read more on this history, visit http://www.marxtoys.com. In late July, Marx acquired a software company, AZtor Corporation. More info is at http://www.aztor.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Marx Toys And Entertainment Corp. takes no obligation to update or correct forward-looking statements.
