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Hasbro Transformers Cybertron Press Release

Transformers News: Hasbro Transformers Cybertron Press Release
Date: Saturday, February 19th 2005 3:13am CST
Category: Press Releases
Posted by: Alex Kingdom | Credit(s): The Almighty Megatron

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Views: 54,625

Hasbro have released this Press release concerning the new Transformers Cybertron line being lanched this summer and Transformers Alternators. The Press release covers a lot of the Cybertron names for the figure as well as details on the Supreme Starscream figure.


TRANSFORMERS CYBERTRON Line Brings New Storyline to Hasbro’s Iconic Brand

Feb 18, 2005

Hasbro Builds Upon TRANSFORMERS ALTERNATORS Line of Vehicles Based on Popular Car Brands



TRANSFORMERS fans have a lot to look forward to in 2005 as Hasbro launches the latest installment to the TRANSFORMERS saga – TRANSFORMERS CYBERTRON. TRANSFORMERS CYBERTRON features a compelling story full of intrigue and surprise that will remind fans what it means to be “ROBOTS IN DISGUISE”!


CYBERTRON, home planet of both TRANSFORMERS factions, is in danger. In order to save it from certain destruction, OPTIMUS PRIME will lead the AUTOBOTS on an intergalactic scavenger hunt to lost planets to find four ancient CYBER PLANET KEYS. But MEGATRON and the nefarious DECEPTICONS will be hot on their heels, trying to steal the CYBER PLANET KEYS and harness their power for evil. These four CYBER PLANET KEYS are the AUTOBOTS only hope, as they have the power to unlock CYBERTRON itself, and make their home planet into the one TRANSFORMERS robot powerful enough to shut down the black hole that threatens the entire universe!


A new line of toys based on TRANSFORMERS CYBERTRON will help kids bring the action of the newest chapter in the TRANSFORMERS universe to life. TRANSFORMERS CYBERTRON will launch during the summer of 2005 in conjunction with the debut of the new Cartoon Network animated series. Hasbro’s line will feature a broad array of action figures that range from basic to “supreme” versions. Hasbro is also introducing new TRANSFORMERS figures that have a “triple-change” feature to convert them into three modes instead of the traditional two. TRANSFORMERS CYBERTRON will be available in July for between $6.99-49.99. They are recommended for kids ages 5 and up.


In addition, Hasbro continues its popular TRANSFORMERS ALTERNATORS line of highly detailed and realistic authentically licensed vehicles that can be changed into the robot modes of favorite TRANSFORMERS characters.


As we look beyond 2005, Hasbro has teamed up with DreamWorks Pictures and Paramount Pictures to develop a live-action motion picture based on the TRANSFORMERS franchise. Steven Spielberg will executive produce, and Lorenzo di Bonaventura (“Constantine”), Don Murphy (“The League of Extraordinary Gentlemen”) and Tom DeSanto (“X-Men” and “X2: X-Men United”) are attached to produce. The film is slated for release in the summer of 2006. Stay tuned for more exciting details about the first live-action TRANSFORMERS movie.


Highlights of Hasbro’s TRANSFORMERS product line includes:


TRANSFORMERS CYBERTRON


TRANSFORMERS CYBERTRON ”SUPREME CLASS” FIGURE

(Approximate retail price: $49.99; Recommended for ages 5 & up)

The TRANSFORMERS CYBERTRON Supreme Class STARCREAM figure is the most challenging foe the AUTOBOT forces have ever seen! The evil STARSCREAM figure, second in command of the DECEPTICONS, stands at more than 14-inches and converts from robot to jet, features lights and battle sounds, and comes with a gold crown of leadership. STARSCREAM includes two CYBER PLANET KEYS, unlocking two different mechanical features. First, a hidden sword that swings out from underneath his right arm. Second, a projectile launcher that swings out from underneath his left arm.


TRANSFORMERS CYBERTRON “LEADER CLASS” FIGURES

(Approximate retail price: $39.99; Recommended for ages 5 & up)

The TRANSFORMERS CYBERTRON Leader Class assortment includes the two main characters from the new CYBERTRON animated series that each have a triple-change feature and can be changed into three different modes instead of the traditional two! AUTOBOTS leader, OPTIMUS PRIME, converts from robot, to truck, and then to flight mode, creating the greatest OPTIMUS PRIME ever created! The figure’s CYBER PLANET KEY feature reveals a hidden weapon to defeat the evil DECEPTICONS. The MEGATRON figure converts from robot, to vehicle, and then to jet mode, and includes a spinning hand weapon and CYBER PLANET KEY activation to aid in his quest to defeat the heroic OPTIMUS PRIME and his AUTOBOT forces! Both also feature electronic lights and battle sounds.


TRANSFORMERS CYBERTRON “ULTRA CLASS” FIGURES

(Approximate retail price: $24.99; Recommended for ages 5 & up)

The TRANSFORMERS CYBERTRON Ultra Class assortment features some of the coolest lead characters in the new animated series and introduces the CYBER PLANET KEY activation features that produce flip-up wings, 3-headed dragon modes, projectile launching and additional fun play. Included in the assortment are JETFIRE, second in command of the AUTOBOTS and commander of the AUTOBOTS air forces; and SCOURGE, a wicked 3-headed dragon that rules the Jungle Planet with a vicious trans-metal claw.


TRANSFORMERS CYBERTRON “VOYAGER CLASS” FIGURES

(Approximate retail price: $19.99; Recommended for ages 5 & up)

The TRANSFOMERS Voyager Class assortment features two new characters from the TRANSFORMERS CYBERTRON series -- CRUMPLEZONE, the strong and speedy DECEPTICON, and VECTOR PRIME, the wise and ancient TRANSFORMERS character that aides in the quest for the CYBER PLANET KEYS. Both come with CYBER PLANET KEYS that reveal cool hidden features and various accessories!


TRANSFORMERS CYBERTRON DELUXE Figures

(Approximate retail price: $9.99; Recommended for ages 5 & up)

The TRANSFORMERS Deluxe assortment features six new figures – HOT SHOT, DIRT BOSS, THUNDERCRACKER, LANDMINE, RED ALERT, and OVERRIDE. Each come with a CYBER PLANET KEY that reveals awesome activated features to enhance all your fun TRANSFORMERS play.


TRANSFORMERS CYBERTRON “SCOUT CLASS” FIGURES

(Approximate retail price: $6.99; Recommended for ages 5 & up)

The TRANSFORMERS Scout Class assortment features six new figures – OVERHAUL, RANSACK, SCATTORSHOT, CLOCKER, HARDTOP, and the RECON MINI-CON TEAM – JOLT, SIX SPEED, and REVERB. Except for the RECON MINI-CON TEAM, each Scout Class assortment character comes with a CYBER PLANET KEY that reveals awesome activated features to enhance all your fun TRANSFORMERS play!


TRANSFORMERS ALTERNATORS

(Approximate retail price: $19.99; Recommended for ages 5 & up)

TRANSFORMERS ALTERNATORS are 1:24 scale vehicles have rubber-look tires and adjustable seats for an incomparable authenticity! The line is refreshed throughout the year with new additions. The following TRANSFORMERS ALTERNATORS will be available during Spring 2005: Ford Mustang GT/GRIMLOCK; Jeep Wrangler Offroad/SWINDLE; Honda S2000/WINDCHARGER; Chevrolet Corvette 2-BATTLE RAVAGE; Mazda RX-8 Race SHOCKBLAST.


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Hasbro Announce Earnings for 2004

Transformers News: Hasbro Announce Earnings for 2004
Date: Wednesday, January 12th 2005 12:07pm CST
Categories: Press Releases, Company News
Posted by: Alex Kingdom | Credit(s): TFormers.com

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Views: 50,470

Hasbro Inc. have published the following press release regarding thier Earnings for 2004. What this could mean for the Transformers lines is anyones guess.

Hasbro Provides Preliminary 2004 Results

PAWTUCKET, R.I.--(BUSINESS WIRE)--Jan. 12, 2005--Hasbro, Inc. (NYSE: HAS) today announced that, based upon a preliminary projection of its full year results, it will report net revenue of approximately $3.0 billion compared to $3.1 billion last year. Based on this projected revenue decline, the Company expects diluted earnings per share to be approximately flat with last year's full year diluted earnings per share of $0.94. The 2003 earnings per share amount has been restated due to the required adoption of EITF 04-08 in the fourth quarter of 2004.

"Our top-line results are a reflection of a retail environment that was tougher in the fourth quarter than we expected, as well as a disappointing performance in parts of the U. S. Toys segment," said Alfred J. Verrecchia, Chief Executive Officer.

"However, as a result of our continued focus on managing expenses we expect to deliver earnings per share approximately flat with last year, despite the decline in revenue. Additionally, we took actions in the fourth quarter, primarily in the U. S. Toys segment, to reduce our expenses going forward and position us more favorably in the fastest growing areas of our business," Verrecchia concluded.

David Hargreaves, Chief Financial Officer commented further, "The balance sheet continues to strengthen and we will exceed our stated goal of delivering cash flow from operations, less capital expenditures, or free cash flow of $250 million. In addition, as a result of both higher cash on hand and lower debt, we will end the year with significant cash, net of debt - something we have not achieved since 1997."

The expected earnings per share results in 2004 include aggregate pre-tax charges of approximately $25 million related to the Company's licensing agreement with Disney, a non-cash charge related to a decline in the value of the Company's investment in Infogrames Entertainment SA and severance costs related to a reduction in headcount in December, primarily in the U.S. Toys segment. In 2003 the Company had pre-tax charges in the fourth quarter aggregating approximately $32 million, composed of severance payments related to the cessation of toy manufacturing operations at our Valencia, Spain facility and lease obligations and severance for employees of the Wizards of the Coast retail stores.

The Company will be providing its full year results on its web cast on Monday, February 7th at 9:00 a.m. EST. Investors and the media are invited to listen at http://www.hasbro.com (select "Corporate Info" from the home page, click on "Investor Information," and then click on the web cast microphone).

Hasbro is a worldwide leader in children's and family leisure time entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, TIGER, and WIZARDS OF THE COAST brands and products provide the highest quality and most recognizable play experiences in the world.

Certain statements contained in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements concerning our earnings, net revenues and free cash flow and may be identified by the use of forward-looking words or phrases such as "anticipate," "believe," "could," "expect," "intend," "look forward," "may," "planned," "potential," "should," "will" and "would." Such forward-looking statements are inherently subject to known and unknown risks and uncertainties. The Company's actual actions or results may differ materially from those expected or anticipated in the forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: the Company's ability to manufacture, source and ship new and continuing products on a timely basis and the acceptance of those products by customers and consumers at prices that will be sufficient to profitably recover development, manufacturing, marketing, royalty and other costs of products; economic and public health conditions, including factors which impact the retail market or the Company's ability to manufacture and deliver products, higher fuel and commodity prices, higher transportation costs and potential transportation delays, currency fluctuations and government regulation and other conditions in the various markets in which the Company operates throughout the world; the concentration of the Company's customers; the inventory policies of retailers, including the concentration of the Company's revenues in the second half and fourth quarter of the year, together with increased reliance by retailers on quick response inventory management techniques, which increases the risk of underproduction of popular items, overproduction of less popular items and failure to achieve tight and compressed shipping schedules; work stoppages, slowdowns or strikes, which may impact the Company's ability to manufacture or deliver product; the bankruptcy or other lack of success of one of the Company's significant retailers which could negatively impact the Company's revenues or bad debt exposure; the impact of competition on revenues, margins and other aspects of the Company's business, including the ability to secure, maintain and renew popular licenses and the ability to attract and retain talented employees in a competitive environment; market conditions, third party actions or approvals and the impact of competition that could delay or increase the cost of implementation of the Company's consolidation programs or alter the Company's actions and reduce actual results; the risk that anticipated benefits of acquisitions may not occur or be delayed or reduced in their realization; and other risks and uncertainties as may be detailed from time to time in the Company's public announcements and SEC filings. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release.

This presentation refers to a non-GAAP financial measure as defined under SEC rules, specifically free cash flow. Free cash flow represents cash flow from operations less capital expenditures. Management believes that free cash flow is one of the appropriate measures for evaluating the performance of the Company because it provides a measure of resources which may be available for strategic opportunities including, among others, to invest in the business, strengthen the balance sheet, and make strategic acquisitions. However, the Company has other demands on its free cash flow which are not reflected in this measure and it should not be assumed that all free cash flow is available for strategic opportunities. This measure should be considered in addition to, not as a substitute for, or superior to, net earnings, cash flow from operating activities or other measures of financial performance prepared in accordance with generally accepted accounting principles as more fully discussed in the Company's financial statements and filings with the Securities and Exchange Commission. As used herein, "GAAP" refers to accounting principles generally accepted in the United States

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