Herrington Teddy Bear Corporation
SAN DIEGO, Calif. - - April 30, 2014 –Herrington Teddy Bear Corporation, a leading developer of custom-designed, branded plush toys for businesses and organizations worldwide (“Herrington” or the “Company”) today announced that it has engaged Capital Services Group to provide strategic financial advisory services including investment packaging and integration of its Rule 506c Plug-In into its corporate website undera direct public offering of its membership units.
The offering will be made available to the general public, its customers and other interested parties, under direct solicitation rules outlined in the new Rule 506(c), which eliminates the prohibition against general solicitation and advertising in connection with offerings under Rules 506 and 144A under the Securities Act of 1933.
Thomas Carter, CEO of Capital Services Group, said that “Herrington Teddy Bear Corporation is a proven leader in toy product innovation for consumers and businesses for more than 20 years. Now it is leading a new generation of connected toys which leverage the bleeding edge of wireless and social networking technologies enabling consumers to remain engaged anytime, and anywhere. We are excited to be working with the Company and look forward to assisting it in presenting its value proposition to the investment community.”
The concept of using branded plush as a marketing vehicle was pioneered by Herrington Teddy Bear in 1986. Partnering with Giorgio Beverly Hills, Herrington created a custom branded teddy bear as a giveaway to customers who purchased the fragrance. Since that time, Herrington has achieved prominence as a well-respected creator of custom-designed branded teddy bears for leading companies worldwide. Herrington has also established manufacturing and international fulfillment capabilities, including a dedicated factory in China that produces top quality products to detailed Herrington specifications.
Herrington is introducing an exciting new product line called App Toys, featuring proprietary technology that allows these toys to be wirelessly connected to consumer’s smart phones via the Herrington Teddy Bears “App”, as well as funding and rolling out several sales and marketing initiatives for specific product lines that have proven successful when tested on a limited basis.
Forward Looking Statements
of the statements included in this press release, which express a belief,
expectation or intention, as well as those regarding future financial
performance or results, or which are not historical facts, are "forward-
looking" statements as that term is defined in the Securities Act of 1933,
as amended, and the Securities Exchange Act of 1934, as amended. The words
"expect", "plan", "believe",
"anticipate", "project", "estimate", and similar
expressions are intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future performance or events
and such statements involve a number of risks, uncertainties and assumptions,
including but not limited to industry conditions, regulatory changes, general
economic conditions, interest rates, competition, and other factors. Should one
or more of these risks or uncertainties materialize or should the underlying
assumptions prove incorrect, actual results and outcomes may differ materially
from those indicated in the forward-looking statements. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak only
as of the date hereof. The Company undertakes no obligation to republish
tr.v.re·pub·lished, re·pub·lish·ing, re·pub·lish·es
1. To publish again.
2. Law To revive (a libel or a canceled will). revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About Herrington Teddy Bear Corporation
Herrington Teddy Bear Corporation was incorporated on November 23, 2012 in the province of Ontario, Canada. Though our wholly-owned subsidiary, Herrington & Company, Inc., we are engaged in the business of creating custom-designed, branded plush toys for businesses and organizations worldwide, including The Cheesecake Factory, Hard Rock Café and Mercedes-Benz, as well as through colleges and universities, gift outlets and other retail and wholesale distribution points. Herrington Teddy Bear’s products are currently sold in 51 countries.Its operations are currently conducted entirely through its wholly-owned subsidiary, Herrington & Company, Inc., incorporated on December 22, 1986. For more information, go to www.herringtonteddybears.com.
About Capital Services Group
Based in San Diego, California, Capital Services Group was formed to provide emerging growth companies with resources and support to more efficiently access growth capital and investor support, including investment packaging, direct public offering, shareholder communications and a planned online investor marketplace.
Herrington Teddy Bear Corporation
9891 Irvine Center Drive, Suite 200
Irvine, California, 92618
Telephone: (949) 351-4625
Capital Services Group, Inc.