Disney Store recalls sleeping bags, toy wands and Playboy Foundation Announces New $25,000 Freedom of Expression Award

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City of Industry, CA --(www.USEquityNews.com)-- 05/22/2008 - Media entertainment industry alert provided by U.S. Equity News. The U.S. Consumer Product Safety Commission and the Disney Store on Thursday said it recalled Pirates of the Caribbean Sleeping Bags and Tinker Bell wands due to excessive levels of lead paint. The 4,100 recalled sleeping bags and 8,000 Tinker Bell wands were sold at Disney Stores nationwide between April and October 2007 for about $25 and $13, respectively. The sleeping bags have lead paint on their zipper and the wand has lead paint on pearl beads in flowers on the top of the wand.


Children's Place Retail Stores Inc. (NASDAQ: PLCE) said Thursday its first-quarter profit climbed 33 percent, helped by its exit from the Disney Stores business and increased same-store sales. The children's clothing retailer reported net income grew to $19.5 million, or 67 cents per share, from $14.7 million, or 49 cents per share, in the previous year. Income from continuing operations edged up to $19.4 million, or 66 cents per share, from $19.1 million, or 64 cents per share.

Building on five decades of defending free speech and American civil liberties, the Playboy (NYSE: PLA) Foundation today announced the creation of the new Freedom of Expression Award -- a $25,000 seed grant to fund the work of a noteworthy advocate for the First Amendment. "The Playboy Foundation's new Freedom of Expression Award is designed to support the work of an exceptional person dedicated to protecting the First Amendment rights of all Americans," said Christie Hefner, Chairman and CEO of Playboy Enterprises Inc.

EPIC Corporation (OTC: EPIO) (the "Company"), a multi-media communications and broadcasting company, announced that two shareholders have returned 15 Million shares of EPIC's common stock to the Company and the shares have been cancelled and returned to authorized but unissued shares. The issued and outstanding shares of the Company is now 11,262,023 shares. The Company, in exchange for the cancellation of the shares, agreed to issue the shareholders shares in the newly formed EPIC Communications Corp., a majority owned subsidiary of the Company, which is to become the multi-media communications and broadcasting operating company.

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