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4sight Licensing Solutions, Inc. and Artlist, Inc. Renew Multi-Year “The Dog and Friends” Licensing Agreement (5/20/13)
NEW YORK--(BUSINESS WIRE)--4Licensing Corporation (OTC Link: FOUR) – 4sight Licensing Solutions, Inc. (“4sight”), a wholly-owned subsidiary of 4Licensing Corporation, and Artlist, Inc. announce that they have signed a multi-year agreement for 4sight to continue to serve as the sole and exclusive merchandise and licensing agent for “The Dog and Friends” properties worldwide, outside of Asian territories.
“We are looking forward to the continuation of our successful partnership with the reorganized 4sight company,” said Artlist’s Shuji Kishihara. “Thanks to our alliance with 4sight over the past 10 years, the Artlist Collection brand, which originated in Japan, has prospered all over the world. Our belief that this brand has helped to bring smiles and happiness to the world for so many years brings us a great amount of pleasure,” added Mr. Kishihara.
Launched in 2000 as a collection of calendars and postcards, The Dog is a highly successful puppy photography franchise that features art photography using a fish-eye lens and unique angles to create ‘strange ratio’ images. These distinct images took over store shelves and became an instant hit with collectible plush toys, apparel, stationery, and much more. The images have universal appeal largely due to their adorable “awww” factor and the brand has become evergreen, timeless because the images translate so well to so many products…products that appeal to a wide range of consumers from children to adults, and to the pet industry. In addition to The Dog, the Artlist Collection includes The Cat and The Pig, and more recently, The Rabbit, The Duck and The Hamster. Products are customized and sold online, via mass retailers and specialty stores.
"The Artlist Collection franchise has performed very well over the past decade and we are honored to continue our representation of “The Dog and Friends,” said Bruce R. Foster, Interim CEO of 4Licensing Corporation. "The enormous visual appeal of the images that are the essence of “The Dog and Friends” collection make it a great proposition for licensing, and we intend to build on the brand’s record of success going forward.”
4Licensing Corporation (4LC) is a licensing company specializing in youth-oriented markets and specialty brands. Through its subsidiaries, 4LC licenses merchandising rights to popular children’s television series, properties and product concepts; builds brands through licensing; develops ideas and concepts for licensing; and has begun to forge new licensing relationships in the sports licensing industry and in developing private label goods to be sold at retail or directly to consumers.
Artlist, Inc. was founded in 2002 and has offices in Japan and the United States. At their headquarters in Japan, the Artlist “house” photographer continues to take pictures of animals daily. Artlist is the licensor of The Dog and Friends, produces animal calendars, and provides animal photo stock services. Through an extensive global partner network, our business has developed and become successful worldwide. For further information, please visit the company’s website at www.artlistinternational.com.
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the 4LC’s control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the company's properties and other factors could cause actual results to differ materially from 4LC’s expectations.
Contacts
INVESTOR
Lynda Pandolfo
4Licensing Corporation
(646) 822-4208
lpandolfo@4LicensingCorp.com
http://www.businesswire.com/news/home/20130520005972/en/4sight-Licensing-Solutions-Artlist-Renew-Multi-Year-%E2%80%9CThe
4Licensing Corporation Launches Rocket Monkeys Licensing Program (4/08/13)
Animated Action Comedy Broadcast on Nickelodeon and Teletoon
NEW YORK--(BUSINESS WIRE)--4Licensing Corporation (OTC Link: FOUR), as the worldwide licensing agent for the Rocket Monkeys property, announced today that it has launched a licensing program for this new animated action comedy series. Rocket Monkeys is currently being broadcast on Nickelodeon networks on a global basis and on Teletoon in Canada. Through an agreement with Breakthrough Entertainment, 4Licensing Corporation (4LC) is managing the marketing, promotion and licensing initiatives of this delightfully quirky animated children's series.
Rocket Monkeys launched on Nickelodeon earlier this month and introduces the universe to brothers Gus and Wally, two hapless “Monkeynauts” who cause more intergalactic calamity than they could ever prevent as they pursue important missions! The show is created by Dan Abdo and Jason Patterson, and developed by Alex Galatis and Mark Evestaff (who also serves as the show’s producer). Executive Producers include Ira Levy, Joan Lambur and Peter Williamson. Partial funding for Rocket Monkeys is provided by the Shaw Rocket Fund.
"With the launch of the Rocket Monkeys licensing program, we are introducing a brand that will entertain and captivate children all around the world," said Bruce R. Foster, Interim Chief Executive Officer of 4LC. "We are excited to be working with a children’s property that is as action-packed and adventurous as it is quirky and humorous. We are confident that the series’ multi-faceted elements combined with the broadcast support of Nickelodeon worldwide and Teletoon in Canada will enhance the appeal of Rocket Monkeys, and consumer interest in the property will expand well beyond the television screen into engaging merchandise," Foster added.
4LC’s comprehensive licensing and marketing program will capitalize on the Rocket Monkeys characters and will focus initially on the toys, apparel, games and trend products categories. Spearheading the licensing program for Rocket Monkeys is industry veteran Suzen Tran, Senior Vice President of Licensing for 4LC.
About 4Licensing Corporation - 4LC is a licensing company specializing in youth-oriented markets and specialty brands. Through its subsidiaries, 4LC licenses merchandising rights to popular children’s television series, properties and product concepts; builds brands through licensing; develops ideas and concepts for licensing; and has begun to forge new license relationships in the sports licensing industry and in developing private label goods to be sold to retail or directly to consumers.
About Breakthrough Entertainment - Headquartered in Toronto, Breakthrough Entertainment Inc. (BEI) is a world class studio, being a leading global producer and distributor of acclaimed primetime comedy and drama series, as well as factual entertainment, documentaries, television movies, feature films, family entertainment and children’s animation. As one of Canada’s largest television production and distribution companies, BEI has licensed programs to major broadcasters in over 200 territories. With a catalogue of over 3,000 half-hours of programming, the company handles distribution as well as worldwide pre-sales, co-productions and third-party acquisitions. In addition to its dedicated program development, production and distribution divisions, Breakthrough’s digital media division ranks among one of the industry’s most respected producers of high quality digital entertainment including ebooks, webisodes and online and mobile games. www.breakthroughentertainment.com
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond 4LC’s control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the company's properties and other factors could cause actual results to differ materially from 4LC’s expectations.
Contacts
Investors:
4Licensing Corporation
Lynda Pandolfo, 646-822-4208
lpandolfo@4LicensingCorp.com
http://www.businesswire.com/news/home/20130408005256/en/4Licensing-Corporation-Launches-Rocket-Monkeys-Licensing-Program
4Licensing Corporation Announces 4LC Sports & Entertainment, Inc. (4/0/4/13)
NEW YORK--(BUSINESS WIRE)--4Licensing Corporation (OTC Link: FOUR) is proud to announce the launch of 4LC Sports & Entertainment, Inc., a wholly-owned subsidiary of 4Licensing Corporation (“4LC”) specializing in the end-to-end development of licensed products and programs for the sports and entertainment industries.
Initially, the focus of 4LC Sports & Entertainment will be on the development of licensed apparel, merchandise and collectibles; partnering with brands to develop private label merchandise and accessories; and creating, developing and producing branded entertainment vehicles that provide product placement opportunities and promotional platforms to drive incremental sales.
“The addition of sports and entertainment licensing is a perfect complement to our existing children’s entertainment and brand-building business,” said Bruce Foster, Interim CEO of 4LC. “With the combined support of a strong management team and an engaged Board of Directors, 4LC Sports & Entertainment is positioned to evolve into an innovative licensing company in the world of sports and entertainment.”
Mark Panko has been selected by the Board of Directors of 4Licensing Corporation to lead this new subsidiary as President. Mr. Panko brings close to 20 years of experience as an industry insider and he is recognized for his inherent ability to generate and develop new revenue, even under the toughest of circumstances.
Panko’s diverse background includes various consulting and leadership roles on both the agency and team sides of the business. He co-founded and served as Principal of The Sports Group, which became widely known for its work with the Heisman Trophy, and the establishment of the marketing and licensing rights holding entity, Heisman Winners Association. Prior to that, as Director of Strategic Sales for the NBA’s Dallas Mavericks, Panko established league-wide sales marks. He holds a Masters degree in Sports Management from The Ohio State University and serves as an Adjunct Professor at the University of Dallas in their College of Business - Graduate School of Management.
“I couldn’t be more excited to join the team at 4Licensing Corporation,” Panko said. “This is a tremendous opportunity to leverage 4LC’s rich licensing history with some of the most iconic children’s properties to also become a leader in sports and entertainment licensing.”
About 4Licensing Corporation (4LC) is a licensing company specializing in youth-oriented markets and specialty brands. Through its subsidiaries, 4LC licenses merchandising rights to popular children’s television series, properties and product concepts; builds brands through licensing; develops ideas and concepts for licensing; and has begun to forge new license relationships in the sports licensing industry and in developing private label goods to be sold to retail or directly to consumers.
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the 4LC’s control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the company's properties and other factors could cause actual results to differ materially from 4LC’s expectations.
Contacts
Investors:
4Licensing Corporation
Lynda Pandolfo, 646-822-4208
lpandolfo@4LicensingCorp.com
http://www.businesswire.com/news/home/20130404006247/en/4Licensing-Corporation-Announces-4LC-Sports-Entertainment
FOUR and the American Kennel Club® Announce Worldwide Representation Agreement (3/19/13)
NEW YORK--(BUSINESS WIRE)--4Licensing Corporation (OTC Link: FOUR) and the American Kennel Club® (“AKC”) are proud to announce the signing of a multi-year worldwide representation agreement. The agreement will allow 4Licensing Corporation (“4LC”) to serve as the AKC exclusive worldwide licensing agent for the AKC name and its extensive collection of trademarks and logos in various categories.
"Over the last ten years we have enjoyed a very successful licensing partnership with the AKC, and we are excited to work once again with such a prestigious organization. We plan to capitalize on our partnership with the AKC by meeting the growing global demand for “blue ribbon” dog products that reflect the quality, image and prestige long associated with the AKC’s 129-year history," said Bruce R. Foster, Interim Chief Executive Officer of 4LC.
Since joining forces in 2003, 4Licensing Corporation and the American Kennel Club have been at the forefront of the burgeoning pet product industry, thanks to their competitive focus on building the AKC brand into a premier retail dog brand. The 4LC and AKC licensing relationship successfully established the AKC as the “Best in Breed” in pet products, brokering multi-year deals with industry leaders such as Pet Brands (toys and treats), Jewett-Cameron (dog kennels and furniture), and European Home Designs, LLC (dog beds and accessories). 4LC and the AKC intend to not only continue to participate in the pet industry boom, but to expand the AKC brand even further.
About 4Licensing Corporation (4LC) is a licensing company specializing in youth-oriented markets and specialty brands. Through its subsidiaries, 4LC licenses merchandising rights to popular children’s television series, properties and product concepts; builds brands through licensing; develops ideas and concepts for licensing; and has begun to forge new license relationships in the sports licensing industry and in developing private label goods to be sold to retail or directly to consumers.
About American Kennel Club® (AKC) founded in 1884, is a not-for-profit organization dedicated to the advancement of purebred dogs. The AKC maintains the largest registry of purebred dogs in the world, oversees the sport of purebred dogs in the United States, and along with its nearly 5,000 licensed and member clubs, educates the general public about responsible dog ownership. More than 22,000 AKC-sanctioned events are held annually for all dogs including agility, obedience, AKC rally®, and the coursing ability test as well as breed-specific conformation, tracking, and performance events like Earthdog, lure coursing, hunt tests and field trials. Affiliate AKC organizations include the American Kennel Club Canine Health Foundation, Inc., American Kennel Club Companion Animal Recovery Corporation, and The American Kennel Club Museum of the Dog. For more information, visit www.akc.org.
American Kennel Club® and AKC® are registered trademarks of the American Kennel Club.
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the 4LC’s control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the company's properties and other factors could cause actual results to differ materially from 4LC’s expectations.
Contacts
INVESTOR:
4Licensing Corporation
Lynda Pandolfo, 646-822-4208
lpandolfo@4LicensingCorp.com
http://www.businesswire.com/news/home/20130319006473/en/4Licensing-Corporation-American-Kennel-Club%C2%AE-Announce-Worldwide
Four and the American Kennel Club® Announce Worldwide Representation Agreement (3/19/13)
NEW YORK--(BUSINESS WIRE)--4Licensing Corporation (OTC Link: FOUR) and the American Kennel Club® (“AKC”) are proud to announce the signing of a multi-year worldwide representation agreement. The agreement will allow 4Licensing Corporation (“4LC”) to serve as the AKC exclusive worldwide licensing agent for the AKC name and its extensive collection of trademarks and logos in various categories.
“said Bruce R. Foster, Interim Chief Executive Officer of 4LC.”
.
"Over the last ten years we have enjoyed a very successful licensing partnership with the AKC, and we are excited to work once again with such a prestigious organization. We plan to capitalize on our partnership with the AKC by meeting the growing global demand for “blue ribbon” dog products that reflect the quality, image and prestige long associated with the AKC’s 129-year history," said Bruce R. Foster, Interim Chief Executive Officer of 4LC.
Since joining forces in 2003, 4Licensing Corporation and the American Kennel Club have been at the forefront of the burgeoning pet product industry, thanks to their competitive focus on building the AKC brand into a premier retail dog brand. The 4LC and AKC licensing relationship successfully established the AKC as the “Best in Breed” in pet products, brokering multi-year deals with industry leaders such as Pet Brands (toys and treats), Jewett-Cameron (dog kennels and furniture), and European Home Designs, LLC (dog beds and accessories). 4LC and the AKC intend to not only continue to participate in the pet industry boom, but to expand the AKC brand even further.
About 4Licensing Corporation (4LC) is a licensing company specializing in youth-oriented markets and specialty brands. Through its subsidiaries, 4LC licenses merchandising rights to popular children’s television series, properties and product concepts; builds brands through licensing; develops ideas and concepts for licensing; and has begun to forge new license relationships in the sports licensing industry and in developing private label goods to be sold to retail or directly to consumers.
About American Kennel Club® (AKC) founded in 1884, is a not-for-profit organization dedicated to the advancement of purebred dogs. The AKC maintains the largest registry of purebred dogs in the world, oversees the sport of purebred dogs in the United States, and along with its nearly 5,000 licensed and member clubs, educates the general public about responsible dog ownership. More than 22,000 AKC-sanctioned events are held annually for all dogs including agility, obedience, AKC rally®, and the coursing ability test as well as breed-specific conformation, tracking, and performance events like Earthdog, lure coursing, hunt tests and field trials. Affiliate AKC organizations include the American Kennel Club Canine Health Foundation, Inc., American Kennel Club Companion Animal Recovery Corporation, and The American Kennel Club Museum of the Dog. For more information, visit www.akc.org.
American Kennel Club® and AKC® are registered trademarks of the American Kennel Club.
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the 4LC’s control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the company's properties and other factors could cause actual results to differ materially from 4LC’s expectations.
Contacts
INVESTOR:
4Licensing Corporation
Lynda Pandolfo, 646-822-4208
lpandolfo@4LicensingCorp.com
http://www.businesswire.com/news/home/20130319006473/en/4Licensing-Corporation-American-Kennel-Club%C2%AE-Announce-Worldwide
FOUR Forms Joint Venture to Develop Patented Impact Protection Technology (3/07/13)
Holds Controlling Interest in Pinwrest Development Group, LLC
NEW YORK--(BUSINESS WIRE)--4Licensing Corporation (OTC Link: FOUR) has announced today that it has formed a new joint venture, Pinwrest Development Group, LLC (“Pinwrest”), to develop products utilizing a new patented technology for impact protection. The joint venture will develop and commercialize impact protection products featuring the isoBLOX™ Patent, which is a patented technology formulated to utilize a combination of energy dispersion and absorption to diffuse impact. The venture will be jointly owned by 4Licensing Corporation (“4LC”) and other individuals, with 4LC owning a 70 percent interest in Pinwrest. Beginning with the first quarter of 2013 reporting, 4LC will consolidate Pinwrest into its financial statements. The Company’s interest was fully funded by cash on hand, and required no debt or equity raises to complete the transaction.
“The formation of Pinwrest will enable us to develop and expand a patented technology offering impact protection that is both lightweight and flexible. I believe that isoBLOX™ has a number of potential applications in the sports, military, law enforcement, aerospace and medical fields. We look forward to developing impact protection products in a number of these fields, with a wide array of partners,” said Bruce R. Foster, Interim Chief Executive Officer. “We see impact protection as an important component in a number of applications and understand the long-term benefits of owning a majority interest in this patent,” Foster added.
The isoBLOX™ technology is already being used by Wilson Sporting Goods Company and by STX Lacrosse in a number of their products.
About 4Licensing Corporation (4LC) is a licensing company specializing in the youth oriented market. Through its subsidiaries, 4LC licenses merchandising rights to popular children’s television series, properties and product concepts, builds brands through licensing, develops ideas and concepts for licensing and has begun to forge new license relationships in the sports licensing industry and is developing private label goods that will be sold to retail or directly to consumers.
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the 4LC’s control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the company's properties and other factors could cause actual results to differ materially from 4LC’s expectations.
Contacts
Investor
4Licensing Corporation
Bruce R. Foster, (646) 822-4258
bfoster@4LicensingCorp.com
http://www.businesswire.com/news/home/20130307005060/en/4Licensing-Corporation-Forms-Joint-Venture-Develop-Patented
FOUR on fire
Investors must have caught up with good 'ol Thad:
https://www.google.com/search?q=Thad+Pryor+4kids&aq=f&oq=Thad+Pryor+4kids&aqs=chrome.0.57.8818&sourceid=chrome&ie=UTF-8#hl=en&safe=off&sclient=psy-ab&q=Thad+Pryor+scam+fraud&oq=Thad+Pryor+scam+fraud&gs_l=serp.3...10356.12538.2.12788.10.10.0.0.0.0.864.4201.0j3j1j1j2j1j2.10.0.les%3B..0.0...1c.1.5.serp.-rGpnyBcNeg&psj=1&bav=on.2,or.r_gc.r_pw.r_cp.r_qf.&bvm=bv.43148975,d.dGI&fp=da001449dc65d96&biw=1024&bih=653
Nonstatutory Stock Option exercise price is $0.26
Statement of Changes in Beneficial Ownership (2/27/13)
Jay Emmett:
http://www.sec.gov/Archives/edgar/data/58592/000114036113010084/xslF345X03/doc1.xml
Wade Massad:
http://www.sec.gov/Archives/edgar/data/58592/000114036113010088/xslF345X03/doc1.xml
Bruce Bruce Foster:
http://www.sec.gov/Archives/edgar/data/58592/000114036113010083/xslF345X03/doc1.xml
Duminda M DeSilva :
http://www.sec.gov/Archives/edgar/data/58592/000114036113010086/xslF345X03/doc1.xml
Venue Change
Tue, Feb 26, 2013 12:00 - 4Licensing Corp (FOUR: OTC Link) - Venue Change - The symbol, FOUR, no longer trades on Grey Market. As of Tue, Feb 26, 2013, FOUR trades on OTC Link. You may find a complete list of venue changes at otcmarkets.com.
4Kids Entertainment Resumes Trading Today as 4Licensing Corporation after Successfully Emerging from Bankruptcy (2/26/13)
NEW YORK--(BUSINESS WIRE)--4Licensing Corporation (Pink Sheets: FOUR), specializing in the youth oriented market, previously trading as 4Kids Entertainment, Inc. (Pink Sheets: KIDEQ), has resumed trading today on the OTC Pink Sheets. 4Licensing Corporation (“4LC”) previously announced that it successfully emerged from protection under Chapter 11 of the United States Bankruptcy Code, with all creditors receiving 100 percent of allowed claims.
“We couldn’t be more thrilled about our successful restructuring,” said Bruce R. Foster, Interim Chief Executive Officer. “Today we resume trading on the Pink Sheets as 4Licensing Corporation. While the task ahead is great, we take the responsibility seriously and will work diligently to leverage all of the Company’s assets. We are now beginning the road to recovery, one that will take time and require further patience from our shareholders, but will be keenly aimed at creating value,” Foster added.
“I am pleased that the Company has been restored to its shareholders and has reached the level of stability necessary to move forward,” said Jay Emmett, Chairman of the Board of Directors. “We look to expand our brands and refocus our resources. The Board of Directors, together with the management of the company, understands the challenges ahead, and we intend to meet those challenges – head on,” Emmett added.
About 4Licensing Corporation
4Licensing Corporation (“4LC”) is a licensing company specializing in the youth oriented market. Through its subsidiaries, 4LC licenses merchandising rights to popular children’s television series, properties and product concepts, builds up brands through licensing, develops ideas and concepts for licensing and plans to forge new license relationships in the sports licensing industry and develop private label goods that will be sold to retail or directly to consumers.
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the company's control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the company's properties and other factors could cause actual results to differ materially from the company's expectations.
Contacts
4Licensing Corporation
Lynda A. Pandolfo, 646-822-4208
lpandolfo@4LicensingCorp.com
4Kids Entertainment Inc, KIDEQ, changed to 4Licensing Corp., FOUR:
http://www.otcbb.com/asp/dailylist_detail.asp?d=12/28/2012&mkt_ctg=NON-OTCBB
4Kids Entertainment Inc.: Plan of bankruptcy effective. Each holder of Common Stock shall receive one (1) share of New Common Stock in exchange for each share of Common Stock held. Deletion time: 10:34:51
http://www.otcbb.com/asp/dailylist_detail.asp?d=12/28/2012&mkt_ctg=NON-OTCBB
4kids plan got confirmed.
http://www.law360.com/bankruptcy/articles/401401/4kids-plan-confirmed-over-license-partner-s-objection
Class 4 Parent Company Stock Voting Results (12/10/12)
Accepted: 6,609,940 (99.93%)
Rejected: 4,923 (0.07%)
Source: Epic Systems [Docket 1013]
KIDEQ Names Jay Emmett Board Chairman (10/17/12)
Interim Chairman Michael Goldstein Retires
Bruce R. Foster Named Interim Chief Executive Officer, Appointed to Board of Directors
NEW YORK--(BUSINESS WIRE)--4Kids Entertainment, Inc. (Pink Sheets: KIDEQ), the global children’s entertainment and merchandise licensing company, has announced the appointment of Director Jay Emmett to Chairman of the Board of Directors. Effective September 30, 2012, Michael Goldstein has retired from his positions as the Company’s Interim Chairman, Chairman of the Audit Committee, Board Member, and Member of the Nominating Committee.
"On behalf of 4Kids Entertainment, I want to thank Mr. Goldstein for his years of service to the 4Kids Board of Directors,” said Jay Emmett. “We are very grateful to Michael for his leadership, guidance and the expertise he brought to our Board,” added Emmett.
Newly appointed Chairman, Jay Emmett, has been a 4Kids Board Member for over 12 years. He has had a long, successful career in the entertainment industry and founded the Licensing Corporation of America, which represented Major League Baseball, National Basketball Association, National Hockey League, and the National Football League Players Association, as well as many entertainment properties including Batman, Superman, and James Bond. Mr. Emmett has been a member of the International Special Olympics Board for 30 years, and served as President of the Special Olympics from 2007 to 2008.
Bruce R. Foster has been named Interim Chief Executive Officer and been appointed as a member of the Board of Directors; he will continue to serve as Chief Financial Officer. Mr. Foster joined 4Kids in 2002 and has been instrumental in leading the Company through the bankruptcy process and in developing a strategy to reorganize the Company.
“I am excited about the opportunity to lead the Company out of bankruptcy,” said Mr. Foster. “Working closely with the Board of Directors, I am focused on developing the underlying business strategy necessary to implement a Plan of Reorganization. This new business plan creates a unique opportunity for the Company,” added Foster.
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the company's control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the company's properties and other factors could cause actual results to differ materially from the company's expectations.
Contacts
Investors:
4Kids Entertainment, Inc.
Lynda A. Pandolfo, 646-822-4208
lpandolfo@4kidsent.com
http://www.businesswire.com/news/home/20121017006501/en/4Kids-Entertainment-Names-Jay-Emmett-Board-Chairman
The Diligent Investor weighs in.
http://thediligentinvestor.blogspot.com/2012/10/4kids-entertainment-inc-files.html
4Kids Entertainment, Inc. Files Reorganization Plan Preserving Equity Interests
Some of my favorite lines from his thoughts.
Debtors’ Future Plans for the Post-Reorganization Business
4Kids has developed a three-year business plan for operations following emergence from chapter 11. The parent, 4Kids Entertainment, Inc. (Pink Sheets: KIDEQ), is publicly-traded, and the business plan contemplates that the Reorganized Parent will continue to be publicly-traded. 4Kids’ reorganized business will have two principal components: (a) continuation and strengthening of the 4Kids’ legacy licensing business; and (b) expansion of the 4Kids business into sports licensing. 4Kids believes that after emerging from bankruptcy, the Reorganized Debtors will be able to obtain new business for the 4Kids platform, whether through accretive acquisitions of similar companies in the licensing business or through the development of new client relationships.
POR and DS is out.
Docket #887 and #888.
All claims holders to be paid in full.
Equity will retain interest in the company and in reorginazation is expected to be worth around $.69 upon emergence.
Their reorg plan assumes they can grow revenues fairly quickly and will be a 100% licensing company with only 8 employees.
I hold some shares and will continue to hold upon emergence. Reading between the lines I can see a plan for them that is risky but could be a lotto play. They also have over $110M in NOLs out to 2031 that could be used if they can get profitable.
Was lucky to get some avg @ low .50's
Moves quick I watched it jump - the mm's jump the ask in .02 -.03 intervals bid stays steady
Awesome day here today!! $$$$$$$$
No I'm not holding I was asking if you were :)
Good for you hope your patience is rewarded
Still holding this ;)
Yes, I have been on this for many months. People are so bad the verdict came out Thursday and the shares only went to 14 cents by Friday's close. Granted, it was the last day of the trading year, but still.
If it wasn't for me buying more Friday I bet the thing might have closed at 7 or 10 cents. Most people are so lazy. The price of these shares will be flying over $2 shortly. Then higher than that. I hope it stays low. I'll probably buy some more.
99% of Claims "Meritless" I see a quick settlement very soon
I agree completely. One has to put faith in management to "dig up" the next big fad. On the other side though these guys have done pretty good over the years (with Pokemon and Yu-Gi-Oh), they may catch another one.
I think KIDE would do better as a private company than it would public...I for one am not/would not be investing here, but there's probably some trades the next several months.
DIMEQ....lol
I would agree. I looked at this last year as I had bought and sold them a few years ago and I know their business very well.
I felt all along that they would prevail but the problem is even if they get a few million there is not catalyst for the underlying business as its still losing money, they still have a contract with the WB, which no one watches and no new business lines that will become a hit tv show/toy. Instead they just recycle the same tired lines to squeeze out a little bit of money.
I view the business as a nice salary for the operators as it just kind of struggles around and recycles old concepts. A nice cigar butt type of business that could be good for shareholders but the cash never makes it to bottom line and therefore shareholders as their cost structure seems to high. Excluding depreciation they have been CFFO negative the past few years.
However an asset light business such as this is a leveraged play on a new hit toy which can make tons of money.
Add in the fact that longer term this lawsuit has probably done enough damage that when the contract expires (2013 IIRC - I haven't looked since last summer) the Japanese will probably move this licensing business to whomever they wanted to when this started. While these guys have licensed stuff from other places all the hits come from these guys and when you think of the hit stuff from overseas you think of Pokemon, DragonBall, Avatar (not the movie), Power Rangers and going back further Teenage Mutant Ninja Turtles, they are all from Japan. I thought the Tintin movie was great and has been a hit in Europe for a while but box office sales aren't great here. These guys also seem unwilling to risk and create their own content so while there may be more upside with a cash ruling the stock may hit $1.00 which is a great return but its not like this stock was trading over $.75 before the lawsuit and BK filing.
I wish I would have bought some but I was too focused on DIMEQ to notice it dropped sub $.10. (I need to set up price alerts that hit me in the face).
Lastly, I've seen others to comment that the business has tons of hidden assets. I have no idea what these are. Their actual physical assets are meager (vehicles, some tech equipment), I don't see a NY Office building that they own that they have on the books for $100k unless I am missing something. Their asset is the relationships they have to get to Japanese TV shows to the US, an agreeement with WB that used to be a cost them nothing that changed to them buying the block of programming and them selling and getting the ad revenues. This has been a money loser for them. Again its another form of leverage if they had a hit show but they don't.
Toonzai's current lineup is:
Magi-Nation
Sonic X
Yu-Gi-Oh!
Yu-Gi-Oh! Zexal
Dragon Ball Z Kai
Tai Chi Chasers
Sonic and Yu-Gi-Oh are owned by TV Toyko who I would expect that they will take their business elsewhere when their contract is up. Magi-Nation in Canadian/South Korean, Tai Chi Chasers is South Korean and Dragon Ball is Japanese but from Fuji and not TV Toyko so that could continue.
So of the 6 current shows that make up 5 hours of programming, half will probably go away in a few years. What replaces the business and do I trust mgmt to not waste anything. I don't. Someone convince me I am wrong.
KIDEQ would look alot more interesting to me if it had a better history of making some money. I like the company. Its not a scam. But if a business cannot grow and show a profit it will die in time. Might help if they but together a business plan that detailed how they can/will do that and follow it. Or maybe it would be better for all if they were bought out by an outfit that can do that.
Traders reluctant to buy after +500% move from the bottom - looks like very little pullback to me Super Bullish ,, bought shares three morning in a row Im done now
Bit of a DEAD board here for a stock that has a large favorable judgement in their favor. Volume also lacking. Good little company but have concerns that it is a company that will continue to exist in the long haul.
Hold onto your ass Hedge fund lurking going to take a big bite buy out of this one
Judge Chapman 4Kids Opinion 12.29.11
http://www.scribd.com/doc/76872321/Chapman-4Kids-Opinion-12-29-11
Had this on my radar for two years and noticed the spike on Friday , go to Yhoo board Dgaron2 put the link out for the court ruling GLTA
shurtha2000 - Only ran across KIDEQ this morning. Starting to do some DD on it. Will look on my own but if you have a few sites you know of that I might miss , let me know. TIA - also if you care to give me any opinion on KIDEQ that you have surmized on your own so far.
No ruling yet on damages and penalties - will be quite severe for the Plaintiff
Yeah, it got cheap for the last few weeks too....somebody grabbed some bargain shares.
There is still the hearing about potential damages from ADK which will be important and there are still some claims that will need to be settled as this progresses and both will be a deciding factor in if, or how much equity could be in the money.
Equity stands a good chance with those factors.
(As if equity is really ever 'safe' though with any Judge after watching the absolute injustice in DIMEQ today).
Hmm...that sucks because I was watching the share price for a couple days in November. Any idea what the possibility of damages might be? Still only a 4 million cap, I remember them on the NYSE back in the day.
If I remember correctly (from a very long time ago) equity was "safe"....correct or incorrect jax?
Case Update 12/31/2011: 4Kids Entertainment
http://thediligentinvestor.blogspot.com/2011/12/case-update-12312011-4kids.html
KIDEQ Bankruptcy Claims Admin Site & Court Docket
http://dm.epiq11.com/KDS/Project/default.aspx
It's a LTCG stock. Likely To Crap Grossly.
What makes you say *that*?
KIDEQ Warns of Potential Deregistration
4Kids Entertainment, Inc. (the “Company”) is filing this amendment to our Annual Report on Form 10-K for the year ended December 31, 2010, which was originally filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2011 (the “Original Filing”). This Amendment is filed for the purposes of correcting the approximate number of holders of record of the Company’s Common Stock on March 30, 2011 reported by the Company in Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities to be 284, rather than 4,830, and adding the following risk factor to the end of Item 1A. Risk Factors:
Because we have less than 300 record holders of our common stock, we may elect at any time to terminate our reporting obligations under the Securities Exchange Act. If we choose to do so, our stock price would likely decline.
Because we have less than 300 record holders of our common stock, we can suspend our reporting obligations under the Securities Exchange Act at any time by filing a Form 15 with the SEC. If we were to terminate our reporting obligations, we would no longer be required to file periodic reports, including financial information, proxy solicitation materials, or other information with the SEC. This action would cause our common stock to be de-listed from the OTC Bulletin Board, which would likely negative affect the liquidity, trading volume and trading prices of our common stock. In addition, our ability to raise financing could be negatively impacted due to a lack of publicly available information about the Company.
This Amendment does not reflect events occurring after the filing of the Original Filing and no attempt has been made in this Amendment to modify or update other disclosures as presented in the Original Filing. All other Items of the Original Filing have been omitted from this Amendment. Accordingly, this Amendment should be read in conjunction with our filings with the SEC subsequent to the filing of the Original Filing.
http://www.sec.gov/Archives/edgar/data/58592/000005859211000016/form10ka12312010.htm
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4Licensing Corporation, formerly known as 4Kids Entertainment, Inc. is a licensing company specializing in the youth oriented markets and specialty brands. The Company was originally organized as a New York corporation in 1970, and in December 2012 was reincorporated in Delaware.
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