Marvel Creditor Agreement Unravels

be overcome by the Company's new editorial and production initiatives in comic publishing; (iv) continued general weakness in the trading card market; (v) the failure of fan interest in baseball to return to traditional levels that existed prior to the 1994 baseball strike thereby negatively affecting the Company's baseball card business; (vi) the effectiveness of the Company's changes to its trading card and publishing distribution; (vii) a decrease in the level of media exposure or popularity of the Company's characters resulting in declining revenues based on such characters; (viii) the lack of continued commercial success of properties owned by major licensors which have granted the Company licenses for its sports and entertainment trading card and sticker businesses; (ix) unanticipated costs or delays in completing projects associated with the Company's new ventures including media, interactive software and on-line services and theme restaurants; (x) consumer acceptance of new product introductions, including those for toys; and (xi) imposition of tariffs or import quotas on toys manufactured in China as a result of a deterioration in trade relations between the U.S. and China.

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Editor's Note.- If you want to publish comics you need to:

a) Hire an artist

b) Hire a writer

c) Hire a lawyer

d) Hire a finincail planner.

e) Call Carl Ichan

f) Call Chase Manhatten Bank for a friendly loan.

g) Merge with a toy company.

h) Get Rob Liefield to be your CEO.

i) all of the above

j) None of the above

Comments??? Robert

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