|Moderated By: Gary105 -- (Not Moderated) -- Started: 9/6/1996 4:29:00 PM Revision History|
Started By: Gary J. Goetz
Date: Sep 6 1996 4:29PM ET
Radica Games Limited is a Bermuda incorporated, Hong Kong-based toy
company. They design, develop, manufacture and distribute a variety of electronic
hand held games. The company's manufacturing facility is in southern China.
They distribute their products in the US through a subsidiary, Radica
USA. Radica's products are sold in over 30 countries, with the United States
accounting for over 80% of net sales in fiscal 1997. See Radica's on line
catalog for current products.
Much of Radica's profits are derived from their own games (e.g. Bass
Fishin' and new virtual reality games). Radica also designs and
manufactures electronic games for Hasbro including electronic versions of
popular board games.
Top five distributors of Radica's products in 1997.
1. Wal-Mart (USA) 20.9%
2. Target (USA) 10.9%
3. Estona Incorporated (Japan) 9.4%
4. Kohl's (USA) 4.3%
5. Toys 'R' Us (worldwide) 3.4%
In April 1998 Radica purchased the assets and business of KidActive, LLC,
Girl Tech(TM), Girl Tech's line of personal electronic products for girls will
be introduced sometime in 1999, products will be resourced through Radica's factory in
China. Radica entered into an employment agreement with Girl Tech founder
and majority owner, Janese Swanson. Dr. Swanson has over 15 years experience
in children's products and education.
Radica holds a 34.6% interest in Sharegate, Inc. Sharegate, Inc., a
private company incorporated in Nevada, which is engaged in research and
development of telecommunication equipment. This company is in the early
stages of its product development cycle.
Radica's corporate structure enjoys a low tax rate.
Less than 5% for the next three years and a maximum of 10% in 5 years.
Patrick S. Feely - President & CEO (LA California)
David C.W. Howell - President of Asia Operations and CFO (Hong Kong)
(posts on this thread as David)
Investor relations- Vivian Merrill 626)744-1150(Pasadena California)
As of April 12, 1999, Robert E. Davids stepped down as CEO. He is now
Chairman of the Executive Committee of the Board, Vice Chairman of the
Board and a Director of the Board.
Edgar database for quarterly and annual reports.
Radica's web site
Profile of Radica (from Yahoo):
Thread started on Sept 6, 1996 by Gary Goetz. Header updated June, 1999.
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