SSCP - Stereoscape.com, inc. (fka SSCP)

[booger_head]

It looks like the news didn't mean anything. I should sell sscp and at least get a few pennies back.

[Fat and Rich]

SSCP NEWS

Wednesday August 21, 11:19 am Eastern Time
Press Release
SOURCE: stereoscape.com, inc.
Marx Toys Takes New Direction
New Leadership - Relocates Offices - New Marketing Strategy
FREEHOLD, N.J.--(BUSINESS WIRE)--Aug. 21, 2002--stereoscape.com, inc. (OTC-BB: SSCP - News) today announced the expanding of its Marx Toys, Inc. subsidiary's operations by forming a joint venture between Stereoscape.com and Michael Shalit.


The Joint Venture, known as Michael Marx LLC has opened its main office in Freehold NJ. The operations office and products warehouse will remain in Seebring, Ohio.
As the majority partner in Michael Marx LLC, Stereoscape.com will continue to develop product ideas for future development and investigate overseas market distribution possibilities. Michael Shalit as the operating partner has been chosen to manage the partnership due to his extensive knowledge in business development. He has 33 years of successful business ventures to his credit. Mr. Shalit has been president of NAI/Eric Bram & Co for 30 years, The general Partner for over 20 years of Kimberly Investment Co and has developed and operated a half dozen successful businesses during his career. "Directing Marx Toys is one of the most exciting challenges I have ever been offered," stated Shalit, he further stated that, "I believe the future of Marx is now written in stone: We are growing, we are soon to blossom and we are definitely here to stay. Our ideas are fresh, our reputation is everlasting and our product recognition will be here long after we are all gone."
"We are pleased to announce that Michael Shalit has become our partner and has accepted the responsibility to steer Marx Toys back on course," stated Mario Bassani, Stereoscape's Chairman and CEO. "We renew the Marx promise to deliver quality toys at affordable prices as well as supply the demand for a quality line of Marx Collectibles," he added.
Except for historical information contained herein, the matters discussed in this news release are forward looking statements that involve risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation, needs of liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission.


Contact:

stereoscape.com, inc., Freehold
Mario Bassani, 732/232-0899

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Stereoscape.com, Inc. is the holding company of: American Buyers Club
International, Inc. (ABC) and its subsidiary, Alpha Sound and Vision,
Inc. (Alpha); Marx Toys, Inc. (Marx); Toontz Toyz, Inc. (Toontz); and
The Home Theater Company. ABC and Alpha sell products for the home
entertainment industry. These products include televisions and a full
line of audio equipment such as speakers, DVD players, amplifiers and
all other equipment that would be necessary to complete a home audio
entertainment center. Marx sells play sets such as Fort Apache,
Battleground, Cape Canaveral, Castle of the Noble Knights and
Remember the Alamo! Toontz is involved in the development of
intellectual properties, which they will license to other companies
for the use in production of numerous products. The Home Theater
Company is continuously evaluating new products and services to
expand its product line.
More from Market Guide: Expanded Business Description


Financial Summary
Stereoscape.com is engaged in the sale of home entertainment
equipment such as amplifiers, televisions, CD players and satellite
systems. For the three months ended 3/31/02, revenues decreased 81%
to $111 thousand. Net loss increased 30% to $364 thousand. Revenues
reflect managements decision to redirect its efforts from the home
theater division to the Marx Toys division. Net loss was partially
offset by lower S/G/A expenses due to downsizing.

[jmhollen]

Thanks for the input, LE.


John

Park your Sub at the iHub - Bub; ....the experience might just "...float your boat..." !!

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NEWS RUMORED FOR THURSDAY.....
ITS A MICRO PENNY, BUT DESERVES WATCHING..........
PUT ON RADAR FOR THE WEEK!
SSCP

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And an other place:RB

BBNS has issued a Green ALert last week on SSCP, a RED Alert will go out as soon as its warranted...BBNS members are watching closely....as events unfold....
Kerry, BBNS

[lordernie]

Take a look at : http://www.vintagetoyroom.com/wwwboard/messages/1381.html