Grand Toys International Receives Nasdaq Delisting Notice

Apr 20, 2001, 01:00 ET from Grand Toys International, Inc.

    MONTREAL, April 20 /PRNewswire/ --
 Grand Toys International, Inc. (Nasdaq:   GRIN) today announced it received a
 Nasdaq Staff Determination on April 9, 2001 indicating that the company had
 failed to comply with the net tangible asset or market capitalization or net
 income requirement for continued listing set forth in Marketplace Rule
 4310(c)(2)(B), and further received a Nasdaq Staff Determination on April 16,
 2001 indicating that the company had failed to comply with the $1.00 minimum
 bid price requirement for continued listing set forth in Marketplace Rule
 4310(c)(4), and that its securities are, therefore, subject to delisting from
 the Nasdaq SmallCap Market.
     Grand Toys International, Inc. is requesting a hearing before a Nasdaq
 Listing Qualifications Panel to appeal the Staff Determination.  There can be
 no assurance that the Panel will grant the company's request for continued
 listing.  Until resolution of the company's appeal, its securities will
 continue to be listed on the Nasdaq SmallCap Market.
     While Grand Toys International, Inc. failed to meet the net tangible asset
 requirement as of April 9, 2001 and the $1.00 minimum bid price requirement as
 of April 16, 2001.  The company believes it can take steps that will bring it
 in compliance with Nasdaq's requirements for continued listing on the Nasdaq
 Smallcap Market, although there can be no assurance that this will be the
 case.  If at some future date the company's securities should cease to be
 listed on the Nasdaq SmallCap Market, they may continue to be listed on the
 OTC Bulletin Board.
     Founded in 1960, Grand Toys International, Inc. is a premier licensee and
 distributor of a wide variety of toys and ancillary items in Canada and since
 January 1999, a supplier of proprietary products in the United States.
 
     This news release contains certain forward-looking statements and
 potential benefits from the Company's acquisition strategy, which are within
 the meaning of the Private Securities Litigation Reform Act of 1995, and are
 subject to risk and uncertainties that could cause actual results to differ
 materially.  Such risks and uncertainties include, but are not limited to,
 those related to business conditions and the financial strength of the retail
 industry, particularly for toy and toy-related products; the level of consumer
 spending for such products; the effect of currency translations; the ability
 of the Company to successfully obtain its products from suppliers; and the
 success of advertising, marketing and promotional campaigns.
 
     Note:  Further information on Grand Toys International, Inc. is available
 through the Company's website on the World Wide Web at http://www.grand.com
 
     To receive additional information on Grand Toys International, Inc., via
 fax, at no charge, dial 1-800-PRO-INFO and enter code GRIN.
 
 

SOURCE Grand Toys International, Inc.
    MONTREAL, April 20 /PRNewswire/ --
 Grand Toys International, Inc. (Nasdaq:   GRIN) today announced it received a
 Nasdaq Staff Determination on April 9, 2001 indicating that the company had
 failed to comply with the net tangible asset or market capitalization or net
 income requirement for continued listing set forth in Marketplace Rule
 4310(c)(2)(B), and further received a Nasdaq Staff Determination on April 16,
 2001 indicating that the company had failed to comply with the $1.00 minimum
 bid price requirement for continued listing set forth in Marketplace Rule
 4310(c)(4), and that its securities are, therefore, subject to delisting from
 the Nasdaq SmallCap Market.
     Grand Toys International, Inc. is requesting a hearing before a Nasdaq
 Listing Qualifications Panel to appeal the Staff Determination.  There can be
 no assurance that the Panel will grant the company's request for continued
 listing.  Until resolution of the company's appeal, its securities will
 continue to be listed on the Nasdaq SmallCap Market.
     While Grand Toys International, Inc. failed to meet the net tangible asset
 requirement as of April 9, 2001 and the $1.00 minimum bid price requirement as
 of April 16, 2001.  The company believes it can take steps that will bring it
 in compliance with Nasdaq's requirements for continued listing on the Nasdaq
 Smallcap Market, although there can be no assurance that this will be the
 case.  If at some future date the company's securities should cease to be
 listed on the Nasdaq SmallCap Market, they may continue to be listed on the
 OTC Bulletin Board.
     Founded in 1960, Grand Toys International, Inc. is a premier licensee and
 distributor of a wide variety of toys and ancillary items in Canada and since
 January 1999, a supplier of proprietary products in the United States.
 
     This news release contains certain forward-looking statements and
 potential benefits from the Company's acquisition strategy, which are within
 the meaning of the Private Securities Litigation Reform Act of 1995, and are
 subject to risk and uncertainties that could cause actual results to differ
 materially.  Such risks and uncertainties include, but are not limited to,
 those related to business conditions and the financial strength of the retail
 industry, particularly for toy and toy-related products; the level of consumer
 spending for such products; the effect of currency translations; the ability
 of the Company to successfully obtain its products from suppliers; and the
 success of advertising, marketing and promotional campaigns.
 
     Note:  Further information on Grand Toys International, Inc. is available
 through the Company's website on the World Wide Web at http://www.grand.com
 
     To receive additional information on Grand Toys International, Inc., via
 fax, at no charge, dial 1-800-PRO-INFO and enter code GRIN.
 
 SOURCE  Grand Toys International, Inc.