SAN DIEGO--Dec. 12, 2001-- Fotoball USA Inc., announced today it has signed an agreement with MarvelŪ Enterprises Inc. to produce specialty sporting goods featuring the Spider-Man, X-Men and Incredible Hulk characters.
The license agreement includes rights to produce various specialty sport balls for distribution through mass merchants, sporting goods retail, specialty stores and amusement parks.
In May 2002, Marvel and Sony Entertainment will be releasing the Spider Man movie, while in the spring of 2003 feature films will be released in support of both The Incredible Hulk and X-Men. The Fotoball agreement includes rights to both the X-Men and Hulk feature films.
Michael Favish, chairman and CEO of Fotoball USA Inc., stated, "We are very excited about the opportunity to develop products supporting these classic Marvel characters. Over the past two years, we have established a leading position in entertainment licensed sporting goods. Adding Spider Man, Incredible Hulk and X-Men will represent powerful additions to our current stable of licensed properties."
Marvel Enterprises Inc. is one of the world's most prominent character-based entertainment companies with operations in five divisions: licensing, toys -- via its Toy Biz division -- comic book and trade publishing, entertainment and the Internet. Through the ownership of over 4,700 proprietary characters, Marvel licenses its characters in a wide range of consumer products, services and media such as feature films, television, the Internet, apparel, video games, collectibles, snack foods and promotions. Marvel's characters and plot lines are created and developed through the comic book publishing division, which maintains a leadership position in the U.S. and abroad. For additional company information visit Marvel's corporate Web Site at www.marvel.com.
Marvel, Spider-Man, Hulk, X-Men and all related characters: (TM) & (C) 2001 Marvel Characters Inc. All rights reserved.
Fotoball is a leading souvenir and promotional products marketer and manufacturer. Fotoball's products and services are sold to national retailers, theme parks, professional sports teams and various Fortune 500 companies. Fotoball currently holds licenses with Major League Baseball, the National Football League, the National Hockey League, hundreds of NCAA colleges, Warner Bros. "Looney TunesŪ" and "Scooby Doo", Nickelodeon's "Blues Clues", Mattel's "Barbie" and The Coca-Cola Company.
Statements in this press release which are not historical, including Fotoball's or management's intentions, hopes, beliefs, expectations, representations, projections, plan or predictions of the future, are forward-looking statements. Such statements include statements regarding expectations for sales growth and development of future initiatives with Marvel Comics Inc. All information concerning Marvel in this press release was provided by Marvel. All forward-looking statements made by Fotoball, including such statements herein, involve material risks and uncertainties and are subject to change based on factors beyond the control of Fotoball. Accordingly, Fotoball's actual results may differ from those expressed or implied in any such forward-looking statements as a result of various factors including the risk factors listed from time to time in Fotoball's fillings with the Securities and Exchange Commission including but not limited to, the Annual Report on Form 10-KSB for the year ended Dec. 31, 2000 and the Quarterly Reports on Forms 10-Q for the quarters ended March 31, 2001, June 30, 2001 and Sept. 30, 2001.