The company owns eToys (http://www.----The Middleton Doll
Company (OTCBB:DOLL) today reported
a net loss of $352,955 or $0.
Forward-looking statements, which may be based upon beliefs,
expectations
and assumptions of the Company's management and on
information currently available to management
, are generally
identifiable by the use of words such as "believe," "expect,"
"anticipate," "plan
," "intend," "estimate," "may," "will," "would,"
"could," "should," or other similar expressions.
shakeshaft paperclay
kbtoys.reborn berenguer
com. Our collectible dolls
continue to suffer from the decline in collectibles across the market
and intense pricing competition from dolls produced in China," said
George R. The company's consumer
products
segment is comprised of Lee Middleton Original Dolls, Inc.shakeshaft elona
The artisans will also
hand
-paint special features like freckles and birthmarks.
For more information, visit http://www.clothesline hairstyle
com
)
today. A dozen
new doll-sized pretend play settings let girls and their dolls say "happy
birthday
," enjoy a tea party or spend an afternoon baking.shakeshaft paperclay
They also personalize each doll with the customer
's choice of skin
tone, eye color, hair color and hair length.com
(http://www.com) under a long
-term licensing agreement. "Our other consumer products subsidiary,
License Products, Inc.shakeshaft hairstyle
pillowcase whimseys
While My Twinn already offers the widest selection of matching clothing
and accessories for dolls
and girls, the 2005 Holiday Catalog features
nineteen new apparel collections, including a fashion
-forward faux-suede
Sherpa coat with matching hat and shoulder bag, and a sparkly kitten outfit
that
features a purple t-shirt, coordinating black knit pants and a matching
kerchief and shoulder bag
set, all with a kitten applique. The 23" dolls have
vinyl heads, arms and legs and soft, fully poseable
bodies allowing them to
move in any way a child can imagine.middletondollcompany.shakeshaft berenguer
"We are continuing
to carry out our plan to convert
loans and leased properties to cash to reduce our outstanding debt
so
that we can redeem our $16.09) $(0.sculpey hairstyle
The company's twelfth annual My Twinn holiday catalog
features a new
look and dozens of new outfits, accessories and furniture for girls and their
dolls
, all of which are also featured on the updated site.com) and the
My Twinn doll company (http://www
.berenguer porcelains
2005 My Twinn Holiday Catalog Debuts With Trendy New Apparel Accessories and Furniture
mytwinn.
The artisans
choose the doll's face and style each doll's hair based on customer-provided
photos
. He noted that operating expenses included one-time start-up
fees for the Newborn Nurseries that
opened during the quarter. The recently introduced
dolls are designed to appeal to both longtime
and new doll
collectors," said Schonath.
The Middleton Doll Company news releases
are available on-line 24 hours a day at:
http://www.19)
Average
shares outstanding - Basic 3,727,589 3,727,589
Average shares outstanding - Diluted
3,727,589 3,727,589
dolls berenguer
About eToys Direct
eToys Direct offers thousands
of toys, custom dolls, video games and baby
products to online and catalog shoppers through its popular
web sites and its
strategic retail partnerships. The privately held company is based in
Denver
.
Business Editors
PEWAUKEE, Wis.09
per diluted share for the first quarter
of 2005, compared to a net
loss of $720,936 or $0.
Schonath said the financial services segment
sold four properties
and average loans outstanding decreased by $20 million in the first
quarter
of 2005. In order to be listed in this category, the site must represent an individual craftperson and
his or her products.
sculpey berenguer
Additional
information concerning the Company and its business, including factors
that could materially affect the Company's financial results, is
included in the Company's filings
with the Securities and Exchange
Commission.
repaints cernit
The catalog also highlights girls' favorite
pastimes with thirteen
activity-themed outfits for My Twinn dolls, like skating, gymnastics,
cheerleading
, soccer, camping, ballet dancing and horseback riding. The sales from the Saks Department Store
Group
boutiques offset a decline in sales of our Artist Studio
Collection(R) dolls in the first quarter
.
The Middleton Doll Company operates in two segments, consumer
products and financial services
., a designer and marketer of clocks and home decor
products that are sold to major national retailers
. Significant risks and uncertainties include, but are not
limited to, (i) the continuing effect of
adverse economic conditions,
(ii) the effect of increasing competition in the collectible doll
market
and (iii) the effect of not reaching the Company's goal to
expand to 100 boutiques over a three-year
period.com
The Middleton Doll Company
(OTCBB:DOLL)
(Unaudited)
STATEMENTS OF OPERATIONS BY SEGMENT
-----------------------------------
Three months
ended
March 31, 2005 March 31, 2004
-------------- --------------
Consumer Products:
Net sales
$2,908,898 $2,824,048
Cost of sales 1,661
,842 1,730,324
-------------- --------------
Gross profit 1,247,056 1,093,724
Other expenses (income):
Operating expenses 2,071,832 1,882,692
Interest/rental expense
to parent 214,181 185,948
Management fees to parent -
114,000
Other expense (income) (38,778) (82,733)
Minority
interest in earnings of
subsidiary - (10,008)
-------------- --------------
Total other expenses
2,247,235 2,089,899
--------------
--------------
Net loss $(1,000,179) $(996,175)
============== ==============
Financial Services:
Net
rental/interest income:
Interest on loans $459,235 $663,222
Rental income 534,849 715,459
Interest/rental income
from
subsidiary 214,181 185,948
Interest expense
(454,884) (600,708)
------
-------- --------------
Total net rental/interest income 753,381 963,921
Other
income:
Other income 12,428 12,545
Management
fees from subsidiary - 114,000
Gain on sale of property
769,424 -
-------------- -------------
-
Total other income 781,852 126,545
Other expenses:
Depreciation expense on leased
properties 101,758 174
,453
Other operating expenses 353,773 414,499
Income tax expense
206,203 -
---------
----- --------------
Total other expenses 661,734 588,952
Preferred
stock dividends expense 226,275 226,275
-------------- --------------
Net income $647,224
$275,239
============== ==============
STATEMENTS
OF OPERATIONS - COMBINED
-----------------------------------
Net (loss) income:
Consumer
products $(1,000,179) $(996,175)
Financial services
647,224 275,239
-------------- ----------
----
Net (loss) income available to common
shareholders $(352,955
) $(720,936)
(Loss) Earnings Per Share - Basic $(0.This category lists the sites
of individual craftspeople who create dolls by hand and sell them to the public.
hairstyle clothesline
"This spring, we
opened 12 Newborn Nursery(R) Adoption Center
boutiques within selected Saks Department Store Group
locations,
increasing our total to 20. Schonath, president and chief executive officer of The
Middleton
Doll Company., reported a slight increase in sales in the
first quarter."
"Our gross margins improved
substantially in the first quarter. A new Artist Studio
Collection doll named "Bunny Soft" is the
first full-sized newborn to
feature our New Baby Skin(TM), which is an incredibly lifelike vinyl
that feels soft like a real newborn's skin.repaints bonnets
, debuted its 2005 Holiday Catalog and new Web site (http:
//www. My Twinn dolls,
the perfect "big gift" for birthdays and the holidays, are one-of-a-kind dolls
created by artisans to look like individual girls ages 3-12.19 per diluted share for the first quarter
of
2004.9 million of preferred stock in July 2008,"
said Schonath.09) $(0.19)
(Loss
) Earnings Per Share - Diluted $(0.moldmaking dolls
And three new
furniture collections with 24 doll
-sized trunks, beds, tables and chairs give
dolls their own place to relax after a long day of play
. eToys Direct also
provides a toy and video game solution to its online and catalog partners,
supplying
category management, full-featured content, inventory control, order
fulfillment and customer support
.paperclay dundore
mytwinn.
This press release contains forward-looking statements within the
meaning of the
Private Securities Litigation Reform Act of 1995 with
respect to the financial condition, results
of operations, plans,
objectives, future performance and business of the Company.clothesline berenguer
My Twinn
also offers parents, grandparents, aunts and uncles new ways to
help their favorite girl celebrate
her individuality. "This year, we're
debuting matching girl and doll bracelets with collectible
, themed charms
based on the popular activities featured in our catalog," said Craig Currie,
vice
president of My Twinn. A number of factors, many of which are beyond the
ability of the Company to
control or predict, could cause actual
results to differ materially from those in its forward-looking
statements.twinn elona
"
Specially trained My Twinn artisans handcraft each doll to be a cuddly
companion
today, and a cherished keepsake in the years to come.
The margin for the consumer products segment
increased from 39% to 43%
in the first quarter of 2005 and the gross margin for our Lee
Middleton
Original Dolls subsidiary increased from 41% to 52%. The company's
financial services subsidiary
is a real estate investment trust
(REIT).paperclay clothesline
Additionally, all
statements in this document, including
forward-looking statements,
speak only as of the date they are made, and the Company undertakes no
obligation to update any statement in light of new information or
future events.clothesline sandie
etoys. For the
first quarter of 2005, the company's consumer products
segment reported a net loss of $1,000,179
and the financial services
segment reported a profit of $647,224. The
improvement in gross margins
reflects the cost benefits of moving
production of our collectible dolls to China in July 2004,"
said
Schonath.kays dolls
"They're available separately, or as part of a
beautifully designed custom doll
gift package gift-givers can order for the
girl who wants to create her own doll.
"Lee Middleton
introduced nine new collectible dolls in April
2005, including three new faces representing different
cultures
designed by award-winning artist Reva Schick.bonnets jilly
The Middleton Doll Company Reports First Quarter
Results
cernit sandie
Artisans Create 'Just-Like-Me' Dolls Based on Customer-Provided Photos
DENVER
, My Twinn, a division of eToys Direct,
Inc.mytwinn.com) and operates KBtoys., a designer
and
marketer of lifelike collectible and play dolls, and License
Products, Inc.berenguer unawares
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