COOLBLOX® and COOLBLOX miniT (new for 2004 ) are new and exciting proprietary soft construction/building block toys that are fun, educational and encourages physical activity. It is the recipient of numerous prestigious industry awards and reviews from national publications shortly after its launch. COOLBLOX® has its own play place at a few renowned children's theme parks such as Ontario Place in Toronto. It can be seen on several prime time TV shows and will be seen in a few upcoming major motion pictures.
COOLBLOX® are available from well over 80% of the major online toy channels and 1/3 of the school catalogue houses within 6 months after product launch. Continued repeat sales from all current buyers. The push for 2004 is both national retail and independent sales. The domestic educational toy market is a 3 billion USD industry. In addition, the construction building category generates US$1.4 billion for LEGO® in 2003 and $224 million with a net profit of $12.7 million for MegaBloksT.
CoolBlox Corporation's proprietary products service a sizeable new niche market. It is in an ideal role to secure a profitable position as the activities of the past two quarters and continued sales activities have shown. Additional funding is welcomed to grow the company effectively and efficiently, and hopefully towards the realization of "Made in WNY".
We are looking to raise $500,000 to develop new markets and other operational growth requirements.