Kids Stuff, Inc. Announces Fiscal 2000 Results

Apr 26, 2001, 01:00 ET from Kids Stuff, Inc.

    NORTH CANTON, Ohio, April 26 /PRNewswire/ -- Kids Stuff, Inc.
 (OTC Bulletin Board:   KDST), announced today that sales for twelve months ended
 December 31, 2000 were $15,899,473 a decrease of 5% from year ended December
 31, 1999 sales of $16,729,951.  Net losses were $(3,418,811), compared with a
 profit of $48,059 during the same period in 1999.
     The Company's yearend losses were due to a decrease in net sales, an
 increase in costs of sales, greater selling expenses, and increased G&A
 expenses.  Additionally, a write down in intangible assets had a cumulative
 effect with the adoption of a change in accounting.
     William L. Miller, CEO of Kids Stuff stated, "The $3mm sales loss was a
 result of integrating our Internet website with our catalog sales, G&A
 increased by $1mm due to anticipated sales that never materialized, the
 balance of the loss was due to a restructuring of our Balance Sheets and a
 write off of certain intangible assets.  As a result of the operating losses
 that occurred in 2000, our working capital has been depleted and we are not in
 compliance with our bank agreement and certain bank loans are now payable upon
 demand.  The Company requires immediate financing and is seeking an equity
 infusion."  No assurances can be given that the Company will be successful in
 this regard.
     Kids Stuff, Inc. is a direct marketing company that specializes in
 products for children from prenatal to age three, through five consumer
 catalogs and its website http://www.kidsstuff.com .  The catalogs are the
 Perfectly Safe Catalog of child safety products; the Natural Baby Catalog of
 natural and organic fiber clothing and diapers and wooden furniture and toys;
 Jeannie's Kids Club, which offers discounts from other children's catalogs to
 members in return for an annual membership fee; Little Feet Catalog, which
 offers over 1200 selections and sizes of quality shoes from brands such as
 Sketchers, Converse, Keds, and Bear Feet.  During 1999 the company distributed
 8.5 million catalogs to upper income households with young children.
     A full discussion of the Company's operations and financial condition are
 discussed in the Company's SEC reports including, but not limited to, the
 Company's Report on Form 10-KSB for the year ended December 31, 2000.
     Forward-looking statements in this release are made pursuant to the "safe
 harbor" provisions of the Private Securities Litigation Reform Act of 1995.
 Investors are cautioned that such forward-looking statements involve risks and
 uncertainties, including without limitation, continued acceptance of the
 Company's products, increased levels of competition for the Company, new
 products and technological changes, the Company's dependence on third-party
 suppliers, and other risks detailed from time to time in the Company's
 periodic reports filed with the Securities and Exchange Commission.
 
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SOURCE Kids Stuff, Inc.
    NORTH CANTON, Ohio, April 26 /PRNewswire/ -- Kids Stuff, Inc.
 (OTC Bulletin Board:   KDST), announced today that sales for twelve months ended
 December 31, 2000 were $15,899,473 a decrease of 5% from year ended December
 31, 1999 sales of $16,729,951.  Net losses were $(3,418,811), compared with a
 profit of $48,059 during the same period in 1999.
     The Company's yearend losses were due to a decrease in net sales, an
 increase in costs of sales, greater selling expenses, and increased G&A
 expenses.  Additionally, a write down in intangible assets had a cumulative
 effect with the adoption of a change in accounting.
     William L. Miller, CEO of Kids Stuff stated, "The $3mm sales loss was a
 result of integrating our Internet website with our catalog sales, G&A
 increased by $1mm due to anticipated sales that never materialized, the
 balance of the loss was due to a restructuring of our Balance Sheets and a
 write off of certain intangible assets.  As a result of the operating losses
 that occurred in 2000, our working capital has been depleted and we are not in
 compliance with our bank agreement and certain bank loans are now payable upon
 demand.  The Company requires immediate financing and is seeking an equity
 infusion."  No assurances can be given that the Company will be successful in
 this regard.
     Kids Stuff, Inc. is a direct marketing company that specializes in
 products for children from prenatal to age three, through five consumer
 catalogs and its website http://www.kidsstuff.com .  The catalogs are the
 Perfectly Safe Catalog of child safety products; the Natural Baby Catalog of
 natural and organic fiber clothing and diapers and wooden furniture and toys;
 Jeannie's Kids Club, which offers discounts from other children's catalogs to
 members in return for an annual membership fee; Little Feet Catalog, which
 offers over 1200 selections and sizes of quality shoes from brands such as
 Sketchers, Converse, Keds, and Bear Feet.  During 1999 the company distributed
 8.5 million catalogs to upper income households with young children.
     A full discussion of the Company's operations and financial condition are
 discussed in the Company's SEC reports including, but not limited to, the
 Company's Report on Form 10-KSB for the year ended December 31, 2000.
     Forward-looking statements in this release are made pursuant to the "safe
 harbor" provisions of the Private Securities Litigation Reform Act of 1995.
 Investors are cautioned that such forward-looking statements involve risks and
 uncertainties, including without limitation, continued acceptance of the
 Company's products, increased levels of competition for the Company, new
 products and technological changes, the Company's dependence on third-party
 suppliers, and other risks detailed from time to time in the Company's
 periodic reports filed with the Securities and Exchange Commission.
 
                       MAKE YOUR OPINION COUNT -  Click Here
                  http://tbutton.prnewswire.com/prn/11690X39187881
 
 SOURCE  Kids Stuff, Inc.