12 in both the fourth quarter and
full
year 2004. Consolidated net sales increased 91% to $175. Net sales for the
Stationery and Activities
Division reached $48.
International net sales increased 28% to $46.
Earnings from operations
increased 120% to $31."
Recent developments
On March 24, 2006, Mega Bloks welcomed
retired McDonald's Corporation
executive Larry Light to its board of directors, where he will sit
as an
independent director. For more corporate and product
information please visit our website
at www.
Actual results may vary significantly from these forward-looking
statements based on a
variety of factors.
mascots allentown
26 in the year compared to $0.
About The Mega Bloks Group:
The Mega Bloks Group of companies is a leader in providing kids,
caregivers and educators creative
tools for play and learning. ROSE ART and the ROSE ART logo are registered trademarks of
Rose
Art Industries, Inc.61 $ 0.98
Weighted average
number of
outstanding
common shares
Basic 31,854,644 27,253,334 29,281,145 27,185,175
Diluted 34,080,643 29,211,628 31,390,456 29,331,615
--------------
-----------------------------------------------------------
---------------------------------
----------------------------------------
MEGA BLOKS INC.
"Take-Two is an exciting company
, with a leading position in the
video game industry, a proven track record of innovation, and
significant
financial capacity," Mr.
About Take-Two Interactive Software
Headquartered in New York
City, Take-Two Interactive Software,
Inc.billiard toys
42 US$ 1.26 US$ 0. "We are excited with
the opportunities
for our company and we are focused on the execution of the
actions that will deliver our revenue
and profit plan for 2006 and coming
years.
On March 13, 2006, Mega Bloks and Rose Art announced
the alignment of
their operations into one company focused on delivering superior customer
service
, industry-leading product innovation and operational excellence on a
global basis. The Group is headquartered
in Montreal and
present in 14 countries with sales in over one hundred.66 $ 0. These important
factors are
described in the Company's Annual Report on Form 10-K for the fiscal
year ended October
31, 2004 in the section entitled "Risk Factors".woodwork novelties
4 US$ 33.7 million in North
America.2 million
in the fourth
quarter and 41% to $143.6 million in the full year 2005, reflecting continued
market
penetration in construction toys and a contribution from Rose Art.
"I am proud that Take-Two has
strengthened its management team and
operations, enhanced its development and distribution resources
, and
continued to create products that have made us a powerful force in the
video game industry
., a leading supplier of licensed toys and school
supplies. The
Company has no obligation to update
such forward-looking statements.LEGO Group Positioned to Maintain Category Leadership in 2005 as Play
Pattern and Business Strategy Both Produce Honors at Annual Toy Fair
KNIGHTS' KINGDOM unites
the constructible action figure platform
the company pioneered with BIONICLE(R) in 2001 with the
best of
traditional play theme construction and role play to engage a broader
base of boys under
one compelling storyline.plush liquidation
For 2005, toy sales increased 33% to $312.
Fourth quarter net sales
increased 131% to $129. For more information,
please visit http://www. Eibeler noted.take2games. honor
underscores that classic play patterns like
LEGO construction, independent of technology, can be
just as
innovative and compelling to today's children, and we thank the
industry for recognizing
that," says Soren Torp Laursen, president,
LEGO Americas/Pacific/Direct.liquidation wholesaler
66 US$ 0.5 million. For
those unable to participate, a replay will be
available until March 31, 2006.66 $ 0. dollars
)
-------------------------------------------------------------------------
------
-------------------------------------------------------------------
Three-month periods Twelve-month periods
ended December 31,
ended December 31,
2005 2004 2005 2004
-------------------------------------------------------------------------
(Unaudited) (Unaudited) (Audited) (Audited)
Balance, beginning
of
period $ (33,623) $ (63,807) $ (52,320) $ (77,497)
Net earnings
20,911 11,487 39,608 25,177
------------------------------------------
-------------------------------
Balance, end of period $ (12,712) $ (52,320) $ (12,712
) $ (52,320)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
MEGA BLOKS
INC. From July to October 2003, he was President and Chief
Operating Officer of Acclaim North America
, and was an Executive Vice
President of Acclaim from 1998 to 1999.
The Toy Industry Association
kicked off Toy Fair by celebrating
the best and most innovative toys of 2004, honoring LEGO(R) KINGHTS
'
KINGDOM(TM) with the prestigious Toy of the Year Award for Best Boy
Toy.
"This T.tommo ornate
The dial
-in number
is 1 (800) 814-4890.35 $ 0. A director of the Company
since November 2002, he also
served as Chairman of the Audit Committee
until April 2004. Take-Two's common stock is publicly
traded
on NASDAQ under the symbol TTWO.stuffed ps2
9 US$ 11.86 in the corresponding 2004
periods. The Board Dudes
designs
and distributes an innovative range of products for the school and office
supply markets
, including dry erase boards, cork boards, foam boards, school
and locker products, novelty items
and storage products.S. (NASDAQ:TTWO) announced today that Company President
and Board member Paul
Eibeler has been named to the additional role of
Chief Executive Officer.stuffed novelties
9 US$ 92.54 $ 1
. From 1999 to 2000, Mr.
Mr.Y.
"Our evergreen LEGO MINDSTORMS(TM) product leverages technology
to
compliment the play experience by bringing robots to life, while LEGO
Factory delivers the
best of the virtual play world, but then sends
children back to the physical play environment.
woodwork esco
6
-------------------------------------------------------------------------
Earnings from
operations US$ 31.2
---------------------------------------------------
----------------------
Earnings per share
Basic US$ 0.39 US$ 1.61
in the fourth quarter and
$1.
Net sales for the Toy Division were up 39% to $127. Canadian
sales were strong and U.
Invitation to Conference Call
Analysts are invited to
a conference call hosted by Mega Bloks today,
March 24, 2006, at 9:00 a. The replay phone number
is 1 (416) 640-1917
and the access code is 21181203(pound key).
MEGA BLOKS and the MEGA
BLOKS logo are registered trademarks of Mega
Bloks Inc.86
Earning per share
excluding unusual
items
Basic $ 0.35 $ 1.61 $ 0.
Consolidated balance sheets
(in thousands of U.S. dollars)
-------------------
------------------------------------------------------
--------------------------------------
-----------------------------------
Three-month periods Twelve-month
periods
ended December 31, ended December 31,
2005 2004 2005 2004
---------------------------
----------------------------------------------
(Unaudited) (Unaudited
) (Audited) (Audited)
Cash flows from
operating activities
Net earnings
$ 20,911 $ 11,487 $ 39,608 $ 25,177
Adjustments for:
Amortization
of
capital assets 3,152 1,585 10,343 8,515
Amortization
of
deferred charges 263 91 1,538 361
Amortization
of
intangible assets 161 - 161 -
Stock-based
compensation plan 128 128 451 423
Future income
taxes 5,331 (1,247) 7,005 (704)
Loss (gain) on
foreign
currency 589 (1,354) 2,796 (3,117)
---------------------------------
----------------------------------------
30,535 10,690 61
,902 30,655
Changes in non-cash
operating working
capital items
(19,499) (10,709) (36,861) (9,362)
-------------------------------------
------------------------------------
11,036 (19) 25,041
21,293
-------------------------------------------------------------------------
Cash flows from
financing activities
Proceeds from
long-term debt
- - 300,000 -
Repayment of
long-term debt
(657) (207) (13,420) (12,940)
Repayment of subsidiary
indebtedness
11 - (36,371) -
Change in revolving
credit
facility (7,500) 3,750 (11,000) 1,000
Issue of capital stock 2,056
200 57,158 705
Addition of
deferred charges (82)
(845) (4,457) (845)
--------------------------------------------------------
-----------------
(6,172) 2,898 291,910 (12,080)
-------------------------------------------------------------------------
Cash flows from
investing
activities
Acquisition of
subsidiaries (Net of
cash acquired
) (1,434) - (291,623) -
Acquisition of
capital assets
(2,374) (24) (9,977) (7,201)
Acquisition of
intangible assets
- - (1,391) -
------------------------------------------
-------------------------------
(2,374) (24) (11,368)
(7,201)
-------------------------------------------------------------------------
Net cash inflow 1,056 2,855 13,960 2,012
Cash and cash equivalents
,
beginning of period 18,511 2,752 5,607 3,595
-------------
------------------------------------------------------------
Cash and cash
equivalents
,
end of period $ 19,567 $ 5,607 $ 19,567 $ 5,607
-------------
------------------------------------------------------------
--------------------------------
-----------------------------------------
Supplementary disclosure
of cash flow information
Interest paid $ 2,946 $ 293 $ 6,534 $ 1,363
Income taxes
paid 1,352 4,118 1,840 6,288
Capital assets acquired
by
means of
capital leases - - 517 -
Roedel
. Roedel, age 55, has been Chairman of Take-Two since April 2004
and Chief Executive Officer since
June 2004. Roedel was Chairman and Chief
Executive Officer of the accounting firm BDO Seidman, LLP
, and was
employed by that firm in various positions since 1985. is an integrated global developer
, marketer, distributor and
publisher of interactive entertainment software games and accessories
for the PC, PlayStation(R) game console, PlayStation(R)2 computer
entertainment system, PSP(TM
) handheld entertainment system, Xbox(R),
Nintendo GameCube(TM) and Game Boy(R) Advance.fragrances overstock
For 2005
, North American sales were up 98% to
$263."
Not only has the company refined its strategy to recapture
the
traditional play theme construction business (boys ages 6-12) for
which it is best known,
significant back-office improvements have been
achieved to make the company faster, leaner and more
competitive.novelty ps2
6
million, including Rose Art sales since July 26, 2005. As CEO, I look
forward to
continuing to work with our management team to further
enhance and expand our business. The statements
contained herein
which are not historical facts are considered forward-looking
statements under
federal securities laws.Dedicated to websites selling toys and games at the wholesale level.
mfg wholesaler
Several
facilities in North America will be downsized or closed
down, the corresponding manufacturing will
be relocated to China and North
American distribution of all products manufactured in China will
be
consolidated in a new facility in Tacoma, Washington.com.
Consolidated statements of earnings
(in thousands of U. dollars, except per share amounts)
--------------------------
-----------------------------------------------
---------------------------------------------
----------------------------
Three-month periods Twelve-month periods
ended December 31, ended December 31,
(Unaudited) (Audited)
2005
2004 2005 2004
--------------------------------------------------------
-----------------
Net sales $ 175,943 $ 92,323 $ 407,032 $ 234,581
-------------------------------------------------------------------------
Cost of sales
91,490 51,002 220,260 128,659
-----------------------------------
--------------------------------------
Gross profit 84,453 41,321
186,772 105,922
Marketing, research
and development,
and advertising
expenses 23,503 12,695 50,552 33,360
Other selling,
distribution and
administrative expenses 29,247 9,051 73,870 34,127
Unusual items
- 5,158 - 5,158
------------------------------------
-------------------------------------
Earnings from operations 31,703 14,417
62,350 33,277
-------------------------------------------------------------------------
Interest expense
Long-term debt 5,127 352 9,310
1,207
Other (26) (19) 954 170
--------
-----------------------------------------------------------------
5,101 333 10,264 1,377
-------------------------------------------------
------------------------
Earnings before
income taxes 26,602 14
,084 52,086 31,900
----------------------------------------------------------------
---------
Income taxes
Current 360 3,844 5,473
7,427
Future 5,331 (1,247) 7,005 (704)
--
-----------------------------------------------------------------------
5,691 2,597 12,478 6,723
-------------------------------------------
------------------------------
Net earnings $20,911 $11,487 $39,608
$25,177
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Earning per share
Basic $ 0.
Consolidated statements of cash flows
(in thousands
of U. Given our solid position and strong momentum, I
believe this is the right time to transition
the CEO role.S."
ornate mfg
9 million in the
fourth quarter and 74% to $407. Net earnings rose 82
%
to $20. The transaction
closed during February and is expected to be accretive to earnings.
Safe Harbor Statement under the Private Securities Reform Act of
1995: This press release contains
forward-looking statements made in
reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as
amended. We offer a technical toy, just not in the way
the market defines technology.
"We incorporate
technology where meaningful and relevant to
enhance role play value or building experience," Laursen
continues. Includes toys, stuffed animals, video games, board games and billiards.
regal toys
3 US$ 407. Unusual
items reduced EPS by $0.06
Diluted $ 0. Mr. I also want to thank Rich Roedel
for
his leadership during an important growth period for our Company.
The Company maintains sales
and marketing offices in Cincinnati, New
York, Toronto, London, Paris, Munich, Madrid, Vienna, Milan
, Sydney,
Breda (Netherlands) and Auckland.O.
As LEGO Group celebrates 50 years of its compatible
System of Play
for all ages in 2005, the company reflects on changes in the
marketplace and among
the children to whom it caters with the highest
quality building experience.
As testament to the
company's operational improvements, LEGO
Systems was named "Construction Toy Vendor of the Year"
by Toys 'R Us,
recognizing considerable increases made in fill rates, productivity
and profitability
, in-store displays and consumer education programs,
and development of differentiated products to
drive store traffic in
2004. Globally, total operational costs were
reduced by 20%, product development
lead time has decreased more than
50%, and the company balance sheet has been sanitized, reducing
fixed
assets by two-thirds.corners bcw
Mega Bloks reports net earnings increase of 82% in fourth quarter and
57% in full year 2005
(TSX: MB)
announced its financial results today for the fourth quarter
and full year
ended December 31, 2005.0 US$ 234.8 million compared to $234.6 million for the year
.megabloks.39 $ 1. Unlike other category
finalists, KNIGHTS' KINGDOM utilizes no technology to
capture boys'
imaginations, rather, represents a classic play pattern reinvented to
appeal to
today's youth. "Themes like castle are timeless, it's simply a matter of
retooling the look, the
building experience and model functionality to
stay fresh and relevant. Supply chain efficiencies
increased
fill rates 10% for the year, driving a 45% increase in fourth quarter
fill rates to
core accounts.regal overstock
7 million in the fourth
quarter and 87% to $62.m. The Company publishes
and develops
products through its wholly owned labels Rockstar Games,
2K Games and Global Star Software; and distributes
products in North
America through its Jack of All Games subsidiary. With first-ever BIONICLE theme
sets, children can build story
environments and movie events for Star Wars(TM) and Harry Potter(TM
)
support LEGO novelties.
In the U.
The Company is committed to the development of children
's creative and
imaginative abilities, and its employees are guided by the motto
adopted in the
1930s by founder Ole Kirk Christiansen: "Only the best
is good enough.a1 liquidation
Financial Highlights
(All figures in US$ millions except per share amounts)
--------------------------
-----------------------------------------------
Three-month
periods ended Years ended
December 31, December 31,
-----------------------------------
--------------------------------------
2005 2004 2005
2004
-------------------------------------------------------------------------
Net sales US$ 175.
International net sales represented 26% of total net sales in the
fourth
quarter and 35% in the full year 2005, compared to 39% and 43% of net sales in
corresponding
periods of 2004 as a result of the greater scale of the
Company's North American business including
Rose Art.
On January 24, 2006, Mega Bloks through its subsidiary Rose Art
Industries, Inc
., announced an agreement to acquire The Board Dudes, Inc. Under the MEGA
BLOKS(R) and ROSE ART(R
) brands, the Group produces high quality construction
and magnetic toy sets, arts and crafts activities
, stationery, school
supplies, and writing instruments. dollars)
---------------------
----------------------------------------------------
----------------------------------------
---------------------------------
December 31,
December 31,
2005 2004
-
------------------------------------------------------------------------
(Audited) (Audited)
Assets
Current assets
Cash
and cash equivalents $ 19,567 $ 5,607
Accounts receivable - trade
167,428 101,984
Accounts receivable - other
6,238 9,898
Inventories 82,280 26,125
Future income taxes 13,396 1,838
Derivatives financial
instruments - 1,184
Prepaid expenses
8,324 4,347
------------------------------------------------------------------
-------
297,233 150,983
Capital
assets 39,351 32,221
Intangible assets
72,230 -
Goodwill 306
,973 -
Deferred charges 4,708 1,789
-------------------------------------------------------------------------
$ 720,495 $ 184,993
---------------------------------------
----------------------------------
----------------------------------------------------------
---------------
Liabilities
Current liabilities
Accounts payable and accrued
liabilities 108,025 41,622
Additional consideration accrued
on business
combination 74,075 -
Derivatives financial instruments
- 4,757
Income taxes 4,744
1,111
Current portion of long-term debt 8,784 563
--
-----------------------------------------------------------------------
195,628 48,053
Long-term debt
292,169 24,009
Future income taxes 12,682
10,132
-------------------------------------------------------------------------
500,479 82,194
------------------------
-------------------------------------------------
Shareholders' equity
Capital stock
231,592 154,434
Contributed Surplus
1,136 685
Deficit (12,712)
(52,320)
-------------------------------------------------------------------------
220,016 102,799
---------------------
----------------------------------------------------
$ 720,495 $ 184,993
--------------------------------------------------------------
-----------
-------------------------------------------------------------------------
MEGA BLOKS INC.Take-Two Interactive Software President Paul Eibeler Adds CEO Role; Richard
Roedel to Remain Chairman
Eibeler, 49, has been President and a director of Take-Two
since April
2004 and previously held those positions from July 2000 to
June 2003.com
All trademarks and
copyrights contained herein are the property of
their respective holders.
"As many manufacturers
jump on the technology bandwagon as a means
of staying relevant with today's children, we look deep
into our
compatible system of play to reinvent ourselves year on year," says
Laursen."
This
year, consumers will see stronger focus on classic and new
LEGO themes, including fire, police, construction
, dinosaurs and
castle., LEGO Group ended flat in 2004, outpacing the U.playwrites liquidation
7 US$ 14.S.9 million for
the quarter and 57% to $39.
"The fourth quarter and 2005 results are in line with our plan,"
commented Marc Bertrand, President and CEO of Mega Bloks. All other interested parties are invited
to
participate in the conference call in a listen-only mode.
MEGA BLOKS INC.26 $
0.
Business Editors
NEW YORK----Take-Two Interactive
Software, Inc. Such forward-looking
statements are based on the beliefs of our management as well as
assumptions made by and information
currently available to them.tommo plush
3
--------------------------------------------------------------
-----------
Net earnings US$ 20.86
---------------------------------------
----------------------------------
Diluted earnings per share increased to $0.9 million in
the
fourth quarter, reflecting the contribution of Rose Art sales for the three
months.2 million
for the year, entirely attributable to Rose Art. sales increased 151%, driven by
MAGNETIX and games
and puzzles.4 million for the full year 2005.52 $ 1. Eibeler assumes the CEO responsibilities
from
Richard Roedel, who remains Chairman of the Board of Directors. I'm
confident that Paul Eibeler,
who is highly respected in the video game
industry and a key contributor to our progress, is the
right executive
to move the Company forward," said Mr. "I am honored by
the confidence placed
in me by the Board of Directors.T.corners wholesaler
TSX SYMBOL: MB
MONTREAL, March 24 - Mega Bloks
Inc.5 US$ 39.
Larry's impressive record as Global Chief Marketing Officer at McDonald's
Corporation
with its many successful branding initiatives will be of great
benefit to the Board. He has now returned
to his marketing consultancy,
Arcature, where he advises a global Fortune 500 group of clients. We
look
forward to having his counsel and support as we continue to leverage our
competitive strengths
and develop our brands," said Marc Bertrand.S.S.
mfg playwrites
6 US$ 25.
"Certainly things have changed
since we launched our first themed
building sets in 1955," says Laursen.S.a1 mascots
4 US$ 62.61 US$
0. "We are very excited about adding Larry to our Board.42 $ 1. He also has been a consultant
to
Microsoft's Xbox launch team and held various executive positions
with Impact, Inc.
Business
Editors
American International Toy Fair 2005
NEW YORK----
-Global construction market
leader celebrates two industry honors
and 50 years of its System of Play, stays committed to constructive
play pattern it pioneered amidst tech toy rush-
As manufacturers unveiled new product lines
at this week's annual
Toy Fair, LEGO Group bucked the technology trend to celebrate its
timeless
, classic toys and play pattern in an ever-increasingly
electronic toy marketplace, and walks away
with two industry honors -
Best Boy Toy of the Year and Vendor of the Year. toy
industry and most
major toy brands and maintaining position as
construction toy category leader.ps2 plush
35 US$ 0.93
Diluted US$ 0.39 and $0.0 million for the full year 2005.93
Diluted
$ 0.
Consolidated statements of deficit
(in thousands of U."
Mr. Take
-Two also
manufactures and markets video game accessories in Europe, North
America and the Asia
Pacific region through its Joytech subsidiary. "However, times have not
changed so much that children
and parents alike don't recognize and
appreciate the heritage, quality and inherent fun of the classic
LEGO
play pattern.playwrites novelties
1 million in the fourth quarter
and $94., a
privately held company based
in Corona, California.26 $ 0."
In its 50th year, LEGO Group is leveraging technology to draw
people back into the core building experience with LEGO Factory, an
online tool where children
can design models in the virtual world,
then buy their custom creation to build in the real world
.
LEGO Group, a privately-held, family-owned company based in
Billund, Denmark, is one of the
world's leading manufacturers of play
materials for children, employing approximately 8,000 people
globally.novelties playwrites
A community sponsored library.
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