UK distribution agreement
Bright Things plc
24 January 2005
24 January 2005
BRIGHT THINGS PLC
UK Distribution Agreement with Bandai
Bright Things PLC, the developer of an educational games console and software
for the pre-school market, has reached agreement with Bandai UK Ltd for the
exclusive distribution rights of its educational games console, The Bubble, and
its associated software in the United Kingdom and Eire. The Bubble is planned
for launch initially in the UK, with a roll out into the US and other European
markets thereafter.
In recent months, Bright Things, which listed on AIM in Spring 2004, has signed
content agreements to develop games for its console featuring a number of the
most well known children's TV characters including Thomas & Friends TM, Bob the
BuilderTM, Postman Pat(R), NoddyTM, The TeletubbiesTM and The TweeniesTM.
As part of the three-year agreement covering the UK and Eire, Bandai has
guaranteed to purchase from Bright Things a minimum of 100,000 Bubble consoles
and 200,000 units of associated software in the first year.
Dominic Wheatley, CEO, Bright Things, said:
'The UK distribution agreement marks another significant step in Bright Things'
development and we are delighted to be working with a company of Bandai's
calibre.
'We continue to make progress on the development of the hardware and the
software and aim to launch in the summer. I am looking forward to Bandai
unveiling Bubble for the first time to the trade at the London Toy Fair this
week.'
Julian Boyers, Sales Director, Bandai UK, said:
'We are very pleased to be associated with what will prove to be such a high
profile property in a competitive market place.
'The TV titles which are already in place, and many more in the pipeline for
future use, will give the 'Bubble' games platform tremendous appeal to young
children.'
For further information please contact:
Bright Things PLC
Matthew Tims, Publishing Director 07976 740397
Giles Croot / Mark Antelme, Brunswick 020 7404 5959
Bandai UK
Julian Boyers, Sales Director 01489 790944
NOTES FOR EDITORS:
Bright Things
Bright Things was formed in June 2002 by Dominic Wheatley and John Kavanagh, the
inventor of the technology, to develop and exploit the prototype interactive
educational children's console.
Bandai
Bandai UK Ltd is a subsidiary of the third largest toy company in the world,
Bandai Co. Ltd. Established in the UK in 1982, Bandai UK has grown to be the
master toy licensee of some of the most popular properties in children's toys
and entertainment, including Power Rangers, Pokemon, Digimon, Gundam,
Thunderbirds and original products including Badge It! and the worldwide
phenomenon Tamagotchi.
The Bandai Group makes the most of its extensive line up of characters, and
offers appealing products and services in a wide range of fields including video
game software, apparel, confectionary, visual content, amusement machines and
prizes, mobile phone network content, and of course, toys.
The Group's experience and expertise serve as the backbone of our relationship
with corporate partners and have helped sustain partnerships, create new
characters based on collaboration, and form business alliances with leading
companies aimed at complementing and expanding our businesses.
Bandai's recent partners include: 4Kids Entertainment, Disney Consumer Products,
DIC Entertainment, Granada Ventures, Sony Pictures Consumer Products, Universal
Studios Consumer Products, Warner Bros and Sanrio.
Bandai Co., Ltd. is comprised of 27 subsidiaries in 8 countries, employing 1500
staff with turnover in excess of $2 billion dollars in 2003.
This information is provided by RNS
The company news service from the London Stock Exchange