Cadaco and Buzztime Entertainment Secure National Retail Distribution for New Buzztime(R) Trivia Card Packs
Cadaco and Buzztime Entertainment Secure National Retail Distribution for New Buzztime(R) Trivia Card Packs
Target, K-Mart, Toys R Us and Others Currently Offer the Trivia Card Packs; Early Orders Are in for Upcoming Buzztime(R) Plug-and-Play Home Trivia System
CHICAGO and CARLSBAD, Calif., March 10 /PRNewswire/ -- Cadaco, America's oldest independent game and toy company, and Buzztime Entertainment, Inc., the Play-Along Television(TM) community and a subsidiary of NTN Communications, Inc. (AMEX:NTN), jointly announce the availability of the Buzztime(R) Trivia Card Packs in U.S. retailers. Distribution deals with Target, Kmart, Toys 'R' Us, and others place the Buzztime trivia brand in thousands of retail outlets nationwide this month.
The easy-to-carry and use Buzztime Trivia Card Packs are available in four different categories -- Everything Trivia, TV Trivia, History Trivia and Sports Trivia -- and retail for $5.99 each.
The Trivia Card packs are being distributed in advance of this summer's introduction of The Buzztime Home Trivia System, an electronic plug-and-play game console which connects directly to the television set in the home.
"Retailers are all 'abuzz' about the Buzztime Trivia Card Packs! This introduction will create millions of new impressions for Buzztime leading up to the launch of the Buzztime Home Trivia System," said John Lindsay, president, Cadaco.
"It's exciting to personally see the retailer's interest in our consumer promotions between the various Buzztime branded media outlets. This new sales channel also increases our value on the NTN iTV Network, cable TV, satellite TV and mobile phones," said Tyrone Lam, president and COO, Buzztime Entertainment.
Cadaco licensed the Buzztime brand, games and trivia content to create the Buzztime Trivia Card Packs and the Buzztime Home Trivia System under an October 2005 agreement. Cadaco expects to have the first units of the Buzztime Home Trivia System in national retailers later this summer. Early sales orders are in from Kmart, Toys R Us, Best Buy, Borders and others. Under the terms of the licensing agreement, Buzztime Entertainment receives a royalty for all products sold into retail.
The Buzztime Trivia Card Packs feature over 200 questions in every pack. The questions and multiple choice answers are on each card front with the correct answer and Buzztime "fun fact" on the reverse side of the card. The Card Packs include instructions for several variations on game play. Each Buzztime Trivia Card Pack has a suggested retail price of $5.99.
The Buzztime Home Trivia System features a plug-and-play game console which connects directly to the television set in the home. Using battery-operated game controllers, players interact with the system and stage in-home trivia competitions. Game play follows Buzztime's unique quiz show format popularized by the in-home Buzztime Channel game play on digital cable and satellite, and on the NTN iTV Network, which is played in over 3,600 restaurants and sports bars in North America. The companies will advertise the Buzztime Home Trivia System launch by using the NTN iTV Network's unique captive reach to promote its availability in each of the national outlets.
Cadaco's Buzztime Home Trivia System (suggested retail price $59.99) includes 750 fun and challenging trivia questions and wireless battery-operated controllers. Two wireless controllers are provided with the game console and up to six more may be added, allowing up to eight players to compete at a time. Additional trivia content cartridges will be available for a suggested retail price of $14.99 so the players can expand the quantity and categories of trivia questions available for game play.
About Buzztime Entertainment
Buzztime Entertainment, Inc., a subsidiary of NTN Communications, Inc. (AMEX:NTN), is the developer and distributor of Play-Along Television(TM) technology and programming. Buzztime Entertainment, Inc. develops Buzztime(R), the Play-Along Television community for multiplayer games and competitions on digital cable featuring six channels of trivia games for players of all interests and ability levels. Buzztime's trivia and play-along sports games have been available to millions of players in restaurants and sports bars via the NTN iTV Network for almost 20 years. The company owns one of the world's largest databases of iTV trivia and operates an interactive broadcast studio where it produces multiplayer trivia game shows, live sports prediction games -- such as QB1(R) Predict the Play(R) football -- popular arcade and classic games across iTV, mobile and PC platforms. Buzztime Entertainment has agreements with Media General, Inc., Liberate Technologies, ICTV, Cadaco, Airborne Entertainment, DTI Software, the National Football League and others. Buzztime Entertainment's iTV studio and broadcast operations center are headquartered in Carlsbad, California. The company website is located at www.buzztime.com.
About Cadaco
Cadaco, founded in 1935, is one of America's oldest independent family- owned game and toy companies. The Company also offers the world's largest line of magic products. Cadaco game classics include Tripoley(R), Bas-Ket(R) and Bible Trivia(R).
This release contains forward-looking statements which reflect management's current views of future events and operations, including, but not limited to, statements pertaining to the planned introduction of the Buzztime Home Trivia System in the summer of 2005, are all based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include the risk of changing economic conditions and failure of product demand or market acceptance of this new product. Other important factors that may cause actual results to differ materially from the forward-looking statements are discussed in the "Risk Factors" section and other sections of NTN's Form 10-K for the year ended December 31, 2003 and the Company's Prospectus Supplement dated January 27, 2004 to the registration statement on Form S-3, which are on file with the Securities and Exchange Commission. NTN does not undertake to publicly update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
For further information, please contact:
John Lindsay, Cadaco, (773) 579-2839 or jlindsay@cadaco.com
Tyrone Lam, Buzztime Entertainment, 760-930-1159 or ty@buzztime.com
Source: Cadaco; NTN Communications, Inc.
CONTACT: John Lindsay of Cadaco, +1-773-579-2839, jlindsay@cadaco.com;
or Tyrone Lam of Buzztime Entertainment, +1-760-930-1159, ty@buzztime.com
Web site: http://www.buzztime.com/
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