| Business Summary | | YES!
Entertainment
Corporation
(YESS)
develops,
manufactures
and
markets
toys
and
other
entertainment
products,
including
a
variety
of
interactive
products.
Most
of
the
Company's
products
target
children
between
the
ages
of
two
and
12.
A
substantial
portion
of
the
Company's
products
is
marketed
under
the
YES!
Gear
brand.
YES!
Gear
principally
is
comprised
of
the
Yak
Bak,
Power
Penz
and
Mega
Mike
products.
Yak
Bak
and
Mega
Mike
are
both
children's
electronic
and
audio
products,
and
Power
Penz
is
a
line
of
pens
that
incorporates
toys
and
activities.
On
February
9,
1999
(the
Petition
Date),
YESS
filed
a
voluntary
petition
for
relief
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
As
of
that
date
the
United
States
Bankruptcy
Court
for
the
district
of
Delaware
assumed
jurisdiction
over
the
property
of
the
Company's
estate.
Since
the
Petition
Date,
the
Company
has
been
acting
as
debtor-in-possession
on
behalf
of
the
bankruptcy
estate,
and
is
authorized
as
such
to
operate
the
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | YESS
develops,
manufactures
and
markets
toys
and
children's
products,
including
educational
and
interactive
toys.
For
the
nine
months
ended
9/30/98,
net
sales
fell
35%
to
$25.6
million.
Net
loss
applicable
to
Common
fell
68%
to
$4
million.
Revenues
reflect
reduced
volume
in
YES!
Gear
and
Power
Penz,
the
sale
of
the
Food
lines
and
the
negative
effects
of
Toys
R
Us's
new
inventory
policy.
Lower
loss
reflects
higher
margins
and
a
$6
million
gain
upon
sale
of
product
lines. | More
from
Market Guide: Significant
Developments |
| Officers | | Mark
Shepherd,
CEO/CFO/CAO Sharon
Duncan,
Exec. VP Tom
Fritz,
Exec. VP Leonard
Ciciretto,
Exec. VP. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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