|
Radica and Taito Partner for "Arcade Legends Space Invaders"Posted on Tuesday, February 17, 2004 @ 03:11:24 pm E.S.T
Radica Games Limited (Nasdaq: RADA) has announced a licensing agreement with Taito to manufacture and distribute Arcade Legends Space Invaders, a compilation of Taito games featuring the original Space Invaders. Taito's Space Invaders is considered one of the top five video games of all times. Arcade Legends Space Invaders replicates in detail 5 classic, popular Taito games, game codes and graphics.
"Twenty five years ago, Taito pioneered a new form of entertainment with the introduction of its Space Invaders arcade game," said Pat Feely, chief executive officer, Radica. "We're honored by the opportunity to apply our innovative technologies to one of the most recognized video games of all time as well as other great Taito hit games."
"Radica is a leader in innovative electronic entertainment products,"stated Mr. Hironori Ishii, General Manager for Overseas Release, Taito. "Our partnership with Radica enables us to build awareness for the Space Invaders brand among a new generation of videogame players."
Designed for both left- and right-handed players, the unique Arcade Legends Space Invaders two-handed joystick houses the original Space Invaders, plus other popular Taito games, including Phoenix, Lunar Rescue, Qix and Colony 7. All of the software and content is stored in the joystick. Players simply plug the unit into their TV or VCR to start the game-play. Under the terms of the agreement, Radica will manufacture and develop Arcade Legends Space Invaders for worldwide distribution. Radica will introduce Arcade Legends Space Invaders at the 101st American International Toy Fair, February 12-18, 2004. The product is expected to hit retail shelves in the fall of 2004 and will retail for approximately $24.99. Space Invaders is part of a broad line of Arcade Legends games from Radica.
The foregoing discussion contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. Forward-looking statements include statements about efforts to attract or prospects for additional or increased business, new product introductions and other statements of a non-historical nature. Actual results may differ from projected results due to various Risk Factors, including Risks of Manufacturing in China, Dependence on Product Appeal and New Product Introductions, and Dependence on Major Customers, as set forth in
the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2002, as filed with the Securities and Exchange Commission. See "Item 3. Key Information -- Risk Factors" in such report on Form 20-F.
About Taito
Since its inception in 1953, TAITO has been at the forefront of game innovation, computer and otherwise, for over 50 years. Landmarks include the development of Puzzle Bobble, and of course, the game that kickstarted the video game boom, "Space Invaders," which welcomed its 25th anniversary last year. Never one to shy away from anything new and challenging, TAITO hopes to continue producing games that will invigorate the mind and senses and live up to the company motto "Catch the Heart."
About Radica Games Ltd.
Radica Games Limited (Radica) is a Bermuda company headquartered in Hong Kong (Nasdaq: RADA). Radica is a leading developer, manufacturer and distributor of a diverse line of electronic products including handheld and tabletop games, girls' lifestyle products, high-tech toys and video game accessories. Radica has subsidiaries in the U.S.A., Canada and the U.K., and a factory in Dongguan, Southern China. More information about Radica can be found on the Internet at http://www.radicagames.com . Posted By: Adam Paoli - 232 Reads
Go Back |
News Archive |
Post a Comment
|
