Contact Information: Contact Information: Trudy Contact: Fell Herdeg 1.800.228.7839 X 119 PCS Financial Contact: Janelle Conaway 1.800.429.3110 X 101 PCS Investor Contact: Anthony A. Maher 1.800.429.3110 X 102 Web Sites: www.edventures.com www.Musicforlittlepeople.com www.soundprints.com
Trudy Corporation and PCS Edventures! Terminate Acquisition Negotiations
| Source: Trudy Corporation
BOISE, ID--(Marketwire - June 8, 2009) - PCS Edventures! (OTCBB : PCSV ) and Trudy
Corporation (OTCBB : TRDY ) today jointly announced that the two companies
have terminated discussions for PCS to acquire substantially all of the
assets and assume certain liabilities of Trudy Corporation. Headquartered
in Norwalk, Connecticut, Trudy is a publisher of children's educational
story and novelty books, audiobooks and plush toys, doing business as
Soundprints, Studio Mouse and Music for Little People.com.
The Boards of Directors of PCS and Trudy both believe that current
worldwide economic conditions and uncertainties in the companies'
respective markets have created an environment wherein the shareholders of
each company will benefit from their decision to remain independent.
Management of the Companies does, however, look forward to implementing
specific, product cross marketing initiatives.
About PCS Edventures!
PCS Edventures! is the recognized leader in the design, development and
delivery of products and services rich in technology, imagination,
innovation, and creativity that make learning easier, more engaging, and
more effective at all levels. Our product lines range from hands-on
learning labs in technology-rich subjects like engineering, science, math,
robotics, IT, and electronics. PCS programs operate in over 5,500 sites in
all 50 United States as well as in 17 countries Internationally.
Additional information is at http://www.edventures.com
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Act of 1934. These forward-looking statements are based largely
on the expectations or forecasts of future events, can be affected by
inaccurate assumptions, and are subject to various business risks and known
and unknown uncertainties, a number of which are beyond the control of
management. Therefore, actual results could differ materially from the
forward-looking statements contained in this press release. Additional
information respecting factors that could materially affect the Company and
its operations are contained in its annual report on Form 10-KSB for the
year ended March 31, 2008 and Form 10-Q for the nine months ended December
31, 2008 as filed with the Securities and Exchange Commission.