[August 19, 2004] JAKKS Pacific Secures TV Games License for Tecmo Bowl MALIBU, Calif. --(Business Wire)-- Aug. 19, 2004 -- JAKKS Pacific, Inc. (Nasdaq:JAKK) announced today that the Company has signed a worldwide licensing agreement with Tecmo, Inc. to develop and market JAKKS' TV Games(TM) products based on Tecmo Bowl and other classic Tecmo properties. The TV Games(TM) product is a plug-it-in and play gaming system that contains multiple games in one single controller. This Tecmo Bowl TV Games(TM) unit by JAKKS Pacific will feature games based on classic Tecmo titles, including Tecmo Basketball, Mighty Bombjack, Fire-n-Ice, Solomon's Key and Tecmo Bowl, one of the most well-known retro football gaming titles. All that is needed to play TV Games products are batteries and a TV -- no videogame consoles or gaming cartridges are required. Simply plug the TV Games(TM) product into the A/V jacks of any standard television set, turn it on and play! The lightweight, compact, all-inclusive controller houses a combination of videogames with all of the hardware and software built right in. This technology allows gaming fans to enjoy a number of videogames with just one single purchase. "Tecmo Bowl is a hugely successful mainstream football classic," said Nelo Lucich, Vice President of Interactive, JAKKS Pacific, Inc. "We expect that Tecmo Bowl, along with the other Tecmo titles will also be successful on our TV Games platform. The Tecmo franchise is yet another great addition to our retro TV Games line-up." "We are very excited to partner with JAKKS Pacific in bringing back such treasured Tecmo franchises as Tecmo Bowl, which has again proven its high consumer value and demand on mobile phones this year," commented William M. Cox, Director of Sales, Tecmo, Inc. "We look forward to future commercial success for both our companies based on JAKKS Pacific's unique TV Games products and our classic Tecmo titles." The Tecmo Bowl TV Games(TM) units by JAKKS Pacific are slated to launch in 2005 and are expected to retail for approximately $20.00. For more information on JAKKS Pacific's TV Games(TM) line, please visit www.jakkstvgames.com. About Tecmo, Inc.: Tecmo, Inc., located in Torrance, California, is a wholly-owned subsidiary of Tecmo, LTD in Tokyo, Japan and is a leader in the interactive and wireless entertainment industries. Tecmo's wireless division, Tecmo Mobile, recently kicked-off its new portable prowess with the launch of its classic football game, Tecmo Bowl(R), available to download on select mobile phones for some hard-hitting action on the go! Tecmo develops and publishes video games and content on wireless platforms and next-generation consoles. Tecmo has gained worldwide recognition with product lines such as the brand new Tecmo Bowl for mobile carriers, and award-winning franchises including Ninja Gaiden (R), Dead or Alive(R), Fatal Frame(R), Monster Rancher(R), and Gallop Racer(R). About JAKKS Pacific, Inc.: JAKKS Pacific, Inc. is a multi-brand company that designs and markets a broad range of toys and leisure products. The product categories include: Action Figures, Arts & Crafts Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush and Dolls. The products are sold under various brand names including Flying Colors(R), Road Champs(R), Remco(R), Child Guidance(R), Pentech(R), Trendmasters(R), Toymax(R), Funnoodle(R), Go Fly a Kite(R) and JPI Color Workshop(R). The Company also participates in a joint venture with THQ Inc. that has exclusive worldwide rights to publish and market World Wrestling Entertainment(TM) video games. For further information, visit www.jakkspacific.com or www.jakkstvgames.com. This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about JAKKS' business based, in part, on assumptions made by its management. These statements are not guarantees of JAKKS' future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including, but not limited to, those described above and the following: changes in demand for JAKKS' products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing and difficulties encountered in the integration of acquired businesses. The forward-looking statements contained herein speak only as of the date on which they are made, and JAKKS does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. [ Back To TMCnet.com's Homepage ]