Radica Games Limited Announces Manufacturing Agreement For New Innovative Digimon Product

May 08, 2002, 01:00 ET from Radica Games Limited

    HONG KONG, May 8 /PRNewswire-FirstCall/ --
 Radica Games Limited (Nasdaq:   RADA) announced today that it has entered into
 an ODM manufacturing agreement with WiZ Co., Ltd.  Under this agreement,
 Radica will manufacture a new Digimon electronic game called D-Scanner, which
 incorporates the proprietary scanning technology already made famous in its
 highly successful Skannerz(TM) line of games.  Initial deliveries are planned
 for May of this year.  The agreement includes a license to WiZ Co., Ltd. for
 the Japanese market to utilize Radica's intellectual property regarding
 scanning games.  The products are expected to be distributed in the Japanese
 market by Bandai Co., Ltd.
     Pat Feely, president and CEO of Radica Games Limited said, "It is a
 perfect combination of our technology and Bandai's highly successful Digimon
 brand.  We are delighted to work once again with the incredibly creative
 talent of WiZ and the vision of Bandai in bringing this innovative product to
 the Japanese market."
     "We have known Radica for their creativity in producing innovative
 products. In the fourth year Digimon show, we are glad to introduce D-Scanner,
 the outcome of winning combination of Radica, WiZ and Bandai.  We hope to add
 yet another successful LCD game line to Digimon with this cutting edge
 product," said Mr. Takeichi Hongo, Executive Officer and General Manager of
 Character Toys Department, Bandai Co., Ltd.
     "We are very excited to have this opportunity to work with Radica and
 Bandai on this project.  D-Scanner is the main product in our new Digimon
 show, 'Digimon Frontier' and we are confident that it will be the most
 successful LCD Digimon game ever," said Akihiro Yokoi, CEO, WiZ Co., Ltd.
 
     The foregoing discussion contains forward-looking statements that involve
 risks and uncertainties that could cause actual results to differ materially
 from projected results.  Forward-looking statements include statements about
 efforts to attract or prospects for additional or increased business, new
 product introductions and other statements of a non-historical nature.  Actual
 results may differ from projected results due to various Risk Factors,
 including Risks of Manufacturing in China, Dependence on Product Appeal and
 New Product Introductions, and Dependence on Major Customers, as set forth in
 the Company's Annual Report on Form 20-F for the fiscal year ended December
 31, 2000, as filed with the Securities and Exchange Commission.  See "Item 3.
 Key Information - Risk Factors" in such report on Form 20-F.
 
     About Radica Games Limited
     Radica Games Limited (Radica) is a Bermuda company headquartered in Hong
 Kong (Nasdaq:   RADA).  Radica is a leading developer, manufacturer and
 distributor of a diverse line of electronic products, including handheld and
 tabletop games, girls' lifestyle products, high-tech toys and video game
 accessories.  Radica has subsidiaries in the U.S.A., Canada and the U.K., and
 a factory in Dongguan, Southern China.  More information about Radica can be
 found on the Internet at www.radicagames.com .
 
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SOURCE Radica Games Limited
    HONG KONG, May 8 /PRNewswire-FirstCall/ --
 Radica Games Limited (Nasdaq:   RADA) announced today that it has entered into
 an ODM manufacturing agreement with WiZ Co., Ltd.  Under this agreement,
 Radica will manufacture a new Digimon electronic game called D-Scanner, which
 incorporates the proprietary scanning technology already made famous in its
 highly successful Skannerz(TM) line of games.  Initial deliveries are planned
 for May of this year.  The agreement includes a license to WiZ Co., Ltd. for
 the Japanese market to utilize Radica's intellectual property regarding
 scanning games.  The products are expected to be distributed in the Japanese
 market by Bandai Co., Ltd.
     Pat Feely, president and CEO of Radica Games Limited said, "It is a
 perfect combination of our technology and Bandai's highly successful Digimon
 brand.  We are delighted to work once again with the incredibly creative
 talent of WiZ and the vision of Bandai in bringing this innovative product to
 the Japanese market."
     "We have known Radica for their creativity in producing innovative
 products. In the fourth year Digimon show, we are glad to introduce D-Scanner,
 the outcome of winning combination of Radica, WiZ and Bandai.  We hope to add
 yet another successful LCD game line to Digimon with this cutting edge
 product," said Mr. Takeichi Hongo, Executive Officer and General Manager of
 Character Toys Department, Bandai Co., Ltd.
     "We are very excited to have this opportunity to work with Radica and
 Bandai on this project.  D-Scanner is the main product in our new Digimon
 show, 'Digimon Frontier' and we are confident that it will be the most
 successful LCD Digimon game ever," said Akihiro Yokoi, CEO, WiZ Co., Ltd.
 
     The foregoing discussion contains forward-looking statements that involve
 risks and uncertainties that could cause actual results to differ materially
 from projected results.  Forward-looking statements include statements about
 efforts to attract or prospects for additional or increased business, new
 product introductions and other statements of a non-historical nature.  Actual
 results may differ from projected results due to various Risk Factors,
 including Risks of Manufacturing in China, Dependence on Product Appeal and
 New Product Introductions, and Dependence on Major Customers, as set forth in
 the Company's Annual Report on Form 20-F for the fiscal year ended December
 31, 2000, as filed with the Securities and Exchange Commission.  See "Item 3.
 Key Information - Risk Factors" in such report on Form 20-F.
 
     About Radica Games Limited
     Radica Games Limited (Radica) is a Bermuda company headquartered in Hong
 Kong (Nasdaq:   RADA).  Radica is a leading developer, manufacturer and
 distributor of a diverse line of electronic products, including handheld and
 tabletop games, girls' lifestyle products, high-tech toys and video game
 accessories.  Radica has subsidiaries in the U.S.A., Canada and the U.K., and
 a factory in Dongguan, Southern China.  More information about Radica can be
 found on the Internet at www.radicagames.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X22589753
 
 SOURCE  Radica Games Limited