TheComicStore.com Announces Big Monster Toys To Merge And Go Public;
Launch of Japanese Anime Site Scheduled for Christmas Market
SACRAMENTO, Calif., Oct 25, 2000 (BUSINESS WIRE) -- TheComicStore.com (Symbol:CMIX) is proud to announce that their newest fulfillment client, Big Monster Toys, has signed an agreement with International Investment Banking, to execute a reverse merger and become a publicly trading company. Big Monster toys is excited about the opportunities to expand their customer base and financial base through this merger.
"Monitizing the value of our equity interest in Big Monster toys will help fulfill the minimum listing requirements for TheComicStore.com on the NASDAQ next year" says Ross Rojek, CEO of TheComicStore.com. "The Company is being paid $400,000 in the first year from Big Monster Toys, and 20% of the retail transactions. In addition, TheComicStore.com will have a 20% equity stake in Big Monster Toys. The new site is expected to launch by November 15th, in time for Christmas sales."
TheComicStore.com
Is the Internet spin-off of Comics & Comix, the fourth largest comic book chain in the country. Founded in 1972, Comics & Comix has been at the forefront of the comic and collectable industry for almost three decades, and had annual revenues greater than $2 million every year for the last 26.
TheComicStore.com had revenues of $774,000.00 (unaudited) in 1999,ending March 31, 2000. The projecting revenues in excess of $1,000,000 in fiscal year 2000. Big Monster Toys is the second company in which TheComicStore.com owns an equity interest The other company is EasyDVD.com http://www.easydvd.com, a privately held corporation. TheComicStore.com also does sales and fulfillment for other on- and off-line retailers including Tower Records, Amazon, and Barnes & Noble.
This release contains statements that constitute "forward-looking statements" within the meaning of Section 21E of the Exchange Act and Section 27A of the Securities Act. The stockholders of TheComicStore.com are cautioned not to put undue reliance on such forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those projected in this release resulting from the following reasons (among others): the timing of sales and deliveries under existing contracts, general economic conditions, costs of sales and the ability of the company to maintain pricing levels necessary to maintain gross profit margins, the level of selling, general and administrative costs, the performance by the company under existing purchase contracts and the
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