Tavistock Regulatory News (TAVI)

29 Jan 2007 07:02

Bright Things plc29 January 2007 BRIGHT THINGS PLC ("Bright Things" or "the Company") Trading Update Following our interim statement on the 1 December 2006 we are pleased to reporton the following progress: Bubble Our distribution partner, Bandai, has now sold all remaining hardware andsoftware stock, which they believe has sold through the channels to consumers.It is clear that the retail price of the products had significant impact onsales, both adversely at Christmas 2005 and positively in the last quarter of2006. The Company continues to explore the potential of the product. Interactive DVD games We launched Tomb Raider - The Action Adventure in November 2006 and have soldapproximately 40,000 units into the retail channel outside the United States.Sales have not been as high as we had hoped, but we are encouraged by thesupport at distribution and retail level for this new category of entertainment,which gives us confidence that there is a market place for this new genre. Weare looking to re-launch the game in the fourth quarter of 2007 along with TigerWoods, development of which is progressing well, and hope to source adistribution partner for both titles in the United States for the Christmasmarket. ASIC chip We are pleased to report that the prospects for sales of these chips, based onour patented technology, is positive. The first product, based on a sportsfranchise, is being showcased by Radica at the New York toy fair next month. Wecontinue to discuss further opportunities with other companies. For further information please contact: Bright Things Plc 0870 351 7770Dominic Wheatley, CEOEd Levy, CFOMatthew Tims, Publishing Director Corporate Synergy Plc John Prior / David Seal 0207 448 4400 BrunswickJonathan Glass / Mark Antelme 020 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange