HONG KONG, May 8 /PRNewswire-FirstCall/ --
Radica Games Limited (Nasdaq: RADA) announced today that it has entered into
an ODM manufacturing agreement with WiZ Co., Ltd. Under this agreement,
Radica will manufacture a new Digimon electronic game called D-Scanner, which
incorporates the proprietary scanning technology already made famous in its
highly successful Skannerz(TM) line of games. Initial deliveries are planned
for May of this year. The agreement includes a license to WiZ Co., Ltd. for
the Japanese market to utilize Radica's intellectual property regarding
scanning games. The products are expected to be distributed in the Japanese
market by Bandai Co., Ltd.
Pat Feely, president and CEO of Radica Games Limited said, "It is a
perfect combination of our technology and Bandai's highly successful Digimon
brand. We are delighted to work once again with the incredibly creative
talent of WiZ and the vision of Bandai in bringing this innovative product to
the Japanese market."
"We have known Radica for their creativity in producing innovative
products. In the fourth year Digimon show, we are glad to introduce D-Scanner,
the outcome of winning combination of Radica, WiZ and Bandai. We hope to add
yet another successful LCD game line to Digimon with this cutting edge
product," said Mr. Takeichi Hongo, Executive Officer and General Manager of
Character Toys Department, Bandai Co., Ltd.
"We are very excited to have this opportunity to work with Radica and
Bandai on this project. D-Scanner is the main product in our new Digimon
show, 'Digimon Frontier' and we are confident that it will be the most
successful LCD Digimon game ever," said Akihiro Yokoi, CEO, WiZ Co., Ltd.
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, 2000, as filed with the Securities and Exchange Commission. See "Item 3.
Key Information - Risk Factors" in such report on Form 20-F.
About Radica Games Limited
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 .
SOURCE Radica Games Limited
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Related links:
http://www.radicagames.com
CONTACT:
Patrick S. Feely, President & CEO (Los
Angeles, California), +1-626-744-1150, or David C.W. Howell,
President Asia Operations & CFO (Hong Kong), +852-2688-4201, both
of Radica Games Limited
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