Buxbaum Group Part of Joint Venture Liquidating Inventory of 33 Play Co. Toy Stores

Apr 12, 2001, 01:00 ET from Buxbaum Group

    ENCINO, Calif., April 12 /PRNewswire/ -- Buxbaum Group today announced
 that it is part of the joint venture liquidating the inventories at 33 stores
 operated by Play Co. Toys & Entertainment Corp. (OTC Bulletin Board:   PLCO),
 the San Marcos, Ca.-based retailer of unique collectible, specialty and
 educational toys.
     In addition to Encino-based Buxbaum, the joint venture includes the Nassi
 Group, Alco Capital and Schottenstein Bernstein Capital Group. On March 28,
 Play Co. and its main operating subsidiary, Toys International.Com, Inc.,
 filed for Chapter 11 protection under the U.S. Bankruptcy Code in order to
 execute an orderly wind-down of its business and sale of its assets.
     The company's stores operate under the Play Co. Toys, Toys Co. and Toys
 International names. Sixteen of the 33 stores are located in California
 (primarily in the southern part of the state); three are in Las Vegas, Nev.;
 three are in Texas (two in Dallas, one in Houston); two are in Illinois
 (Gurnee and Schaumberg); and two are in the Charlotte, N.C. market. The
 company also has single stores in Tempe, Ariz.; Broomfield, Colo.; Orlando,
 Fla.; Nashville, Tenn.; Hanover, Md.; Bloomington, Minn.; and Auburn Hills,
 Mich.
     The inventory sales started on April 9 and are expected to continue for as
 long as 12 weeks.
     Buxbaum Group provides inventory appraisals, turnaround and crisis
 management and other consulting services for banks and other financial
 institutions with retail, wholesale/ distribution and consumer-product
 manufacturing clients. The firm also provides liquidation services on
 consumer-product inventories, machinery and equipment, and buys and sells
 consumer-product inventories.
 
 

SOURCE Buxbaum Group
    ENCINO, Calif., April 12 /PRNewswire/ -- Buxbaum Group today announced
 that it is part of the joint venture liquidating the inventories at 33 stores
 operated by Play Co. Toys & Entertainment Corp. (OTC Bulletin Board:   PLCO),
 the San Marcos, Ca.-based retailer of unique collectible, specialty and
 educational toys.
     In addition to Encino-based Buxbaum, the joint venture includes the Nassi
 Group, Alco Capital and Schottenstein Bernstein Capital Group. On March 28,
 Play Co. and its main operating subsidiary, Toys International.Com, Inc.,
 filed for Chapter 11 protection under the U.S. Bankruptcy Code in order to
 execute an orderly wind-down of its business and sale of its assets.
     The company's stores operate under the Play Co. Toys, Toys Co. and Toys
 International names. Sixteen of the 33 stores are located in California
 (primarily in the southern part of the state); three are in Las Vegas, Nev.;
 three are in Texas (two in Dallas, one in Houston); two are in Illinois
 (Gurnee and Schaumberg); and two are in the Charlotte, N.C. market. The
 company also has single stores in Tempe, Ariz.; Broomfield, Colo.; Orlando,
 Fla.; Nashville, Tenn.; Hanover, Md.; Bloomington, Minn.; and Auburn Hills,
 Mich.
     The inventory sales started on April 9 and are expected to continue for as
 long as 12 weeks.
     Buxbaum Group provides inventory appraisals, turnaround and crisis
 management and other consulting services for banks and other financial
 institutions with retail, wholesale/ distribution and consumer-product
 manufacturing clients. The firm also provides liquidation services on
 consumer-product inventories, machinery and equipment, and buys and sells
 consumer-product inventories.
 
 SOURCE  Buxbaum Group