Wednesday, June 16, 2004

Marvel's money: Marvel Enterprises announces it's now "debt-free" after it redeemed the outstanding $150 million in principal amount of the company's 12 percent Senior Notes due in 2009. The redemption was funded with cash on hand.

In other PR news, LeapFrog Enterprises is introducing an Amazing Spider-Man LeapPad platform, which comes with two books, one of which is based on the Spider-Man comic books and narrated by Stan Lee:

"In The Amazing Spider-Man LeapPad learning system book, children can follow along as the masked superhero spins webs, clings to walls and gets them turned on to reading with colorful comic-book graphics and action-packed excitement. Spider-Man uses vowel sounds, rhyming, matching and deductive reasoning to fight crime and teach reading comprehension through the voice of the man who first brought the comic to life, Stan Lee."