Published: February 10, 2006
Trudy Announces Publishing License From Sesame Workshop
Trudy Corporation (OTC BB: TRDY) announced today
that it has reached an agreement in principle with Sesame Workshop, the
nonprofit educational organization behind "Sesame Street," for a new
publishing license focusing on book and audio CD formats. The license
territory includes distribution into North America. The agreement includes
approximately a 3-year term ending June 30, 2009. The Company anticipates
the first titles will come to market in June, 2006. The licensed characters
include core properties such as the characters from "Sesame Street" which
include Big Bird, Elmo and the rest of their furry friends. The parties
intend to negotiate in good faith to sign a definitive agreement as quickly
as possible.
Ashley C. Andersen, President and CEO of Trudy remarked, "Sesame Workshop
has the distinguished legacy of successfully producing some of the absolute
best children's programming available, year after year. We are very excited
about this opportunity to collaborate with Sesame Workshop in creating
wonderful, innovative children's books and audio books featuring the
lovable 'Sesame Street' characters."
Except for the historical information contained herein, the matters set
forth in this press release are
forward-looking statements within the meaning of "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially. These
forward-looking statements speak only to the date hereof; Trudy Corporation
disclaims any intent or obligation to update these forward-looking
statements.
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