BabyUniverse to Change Ticker Symbol to KIDS
01 November 2007 - 10:00PM
PR Newswire (US)
Company to Open Trading Under the New Symbol Monday, November 5
DENVER, Nov. 1 /PRNewswire-FirstCall/ -- BabyUniverse, Inc.
(NASDAQ: POSHD), today announced its new ticker symbol
(NASDAQ:KIDS). The company will open trading under the new ticker
on Monday, November 5. BabyUniverse, which just completed a merger
with eToys Direct, is a leading eCommerce, eContent and new media
company that provides comprehensive online resources for growing
families. "With the merger, our company's commerce and content
sites reach parents at every stage of their child's development,"
said Michael J. Wagner, President and CEO of BabyUniverse. "The new
ticker symbol is part of our planned name change to The Parent
Company, which we expect to complete in 30 days. The Parent Company
name reinforces our commitment to families and the ticker symbol
KIDS reflects what's most important to all parents." BabyUniverse
completed its merger with eToys Direct, Inc. on October 12, 2007.
The newly combined company is based in Denver. ABOUT BABYUNIVERSE
BabyUniverse, Inc. (NASDAQ:KIDS) is a leading commerce, content and
new media company for growing families. BabyUniverse provides
comprehensive eCommerce and eContent resources to help families
plan, play and grow. The company's toy business offers thousands of
toys and children's products through its eToys.com web site,
catalogs and strategic retail partnerships; and personalized dolls
and accessories through its My Twinn.com brand. Through its baby
business, the company is a leading online retailer of brand-name
baby, toddler and maternity products sold through the
BabyUniverse.com and DreamtimeBaby.com web sites. The company's
luxury brands, PoshTots.com and PoshLiving.com, reach the country's
most affluent consumers with luxury baby apparel and furnishings.
With its content sites, BabyTV.com, PoshCravings.com and
ePregnancy.com, BabyUniverse has established a recognized platform
for the delivery of content and new media resources to a national
audience of expectant parents. BabyUniverse is a market-leading
digital content and eCommerce company focused on parents.
DATASOURCE: BabyUniverse, Inc. CONTACT: Media, Joan Cear,
+1-212-725-4500, , or Investors: Barry Hollingsworth,
+1-303-226-6205, , both of BabyUniverse, Inc. Web site:
http://www.babyuniverse.com/
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