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MRXT News Just Released

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Marx Toys And Entertainment and United Internet Technologies Move Forward on Settlement Negotiations

Tuesday September 2, 10:24 am ET

SEBRING, Ohio--(BUSINESS WIRE)--Sept. 2, 2003--Marx Toys And Entertainment, (OTCBB: MRXT - News), and United Internet Technologies (UIT), a division of United Leisure Corp. (OTC: UTDL - News) have agreed in good faith to extend negotiations in the hopes of reaching a conclusion to their dispute.

Because negotiations have continued to move forward in a positive way, both companies have agreed, in good faith to extend negotiations in the hopes of reaching a conclusion to their dispute soon. The companies asked the court on Friday, 8/29, for additional time to structure a long term contract that would resolve their issues out of court and avoid future court appearances.

At the present time, both companies' attorney's are currently reviewing settlement details and Marx believes that the parties may come to an agreement in the next week.

Furthermore, Marx believes that a written agreement would not only resolve the present "IM Buddy" dilemma, but would formulate a relationship for UIT and Marx Toys to work together on additional prospective toy related technologies.

"With UIT's additional product lines, expertise in advanced Artificial Intelligence technology, mixed with Marx's brand recognition, marketing expertise and distribution channels, its a formula for future success", states Steven Wise, CEO of Marx.

Marx expects additional orders immediately upon the completion of an official agreement.

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 Toys announced AZtor Corporation which the Company plans to form a separate subsidiary, yet integrate its software development for future integration into our new Toy line.

About United Leisure Corp.

United Leisure Corporation, through its subsidiary United Internet Technologies, develops technologies that allow a variety of electronic devices and consumer electronics to communicate and be controlled over the Internet and over other digital systems. The Company's technologies include intelligent control interactive technology and digitally integrated video overlay. Visit them on the web at http://www.uitlive.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.



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Source: Marx Toys And Entertainment Corp.

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