CULVER CITY, Calif., Aug. 2, 2004 (PRIMEZONE) -- Savon Team Sports, Inc. (OTCBB:SVTM) today announced a name change to Small World Kids, Inc. and the commencement of trading under a new stock symbol (OTCBB:SWKD).
"The new name, Small World Kids, better reflects our corporate focus and complements the company's strategic plan to capitalize on its brand name awareness and position within the specialty and educational toy market," said Debra Fine, president and chief executive officer.
About the Company
Small World Kids develops, manufactures, markets and distributes high quality specialty toys and educational products for children. Its sales categories include infant, pre-school, early learning, imaginative and active play, represented by award-winning brand names Ryan's Room, Gertie Ball, IQ Baby, and Puzzibilities,. The company also holds rights in the U.S. for specialty channel distribution for brands such as Little Tikes and Tolo. Its products are sold in over 3,000 locations -- including educational channels, retail chains, internet sites, catalogues and specialty stores.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include but are not limited to risk factors inherent in doing business. Although the company's management believes that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.