Bright Things plc
29 January 2007
BRIGHT THINGS PLC
('Bright Things' or 'the Company')
Trading Update
Following our interim statement on the 1 December 2006 we are pleased to report
on the following progress:
Bubble
Our distribution partner, Bandai, has now sold all remaining hardware and
software stock, which they believe has sold through the channels to consumers.
It is clear that the retail price of the products had significant impact on
sales, both adversely at Christmas 2005 and positively in the last quarter of
2006. The Company continues to explore the potential of the product.
Interactive DVD games
We launched Tomb Raider - The Action Adventure in November 2006 and have sold
approximately 40,000 units into the retail channel outside the United States.
Sales have not been as high as we had hoped, but we are encouraged by the
support at distribution and retail level for this new category of entertainment,
which gives us confidence that there is a market place for this new genre. We
are looking to re-launch the game in the fourth quarter of 2007 along with Tiger
Woods, development of which is progressing well, and hope to source a
distribution partner for both titles in the United States for the Christmas
market.
ASIC chip
We are pleased to report that the prospects for sales of these chips, based on
our patented technology, is positive. The first product, based on a sports
franchise, is being showcased by Radica at the New York toy fair next month. We
continue to discuss further opportunities with other companies.
For further information please contact:
Bright Things Plc 0870 351 7770
Dominic Wheatley, CEO
Ed Levy, CFO
Matthew Tims, Publishing Director
Corporate Synergy Plc
John Prior / David Seal 0207 448 4400
Brunswick
Jonathan Glass / Mark Antelme 020 7404 5959
This information is provided by RNS
The company news service from the London Stock Exchange
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