Croco's main work so far with Shrek-3 still to add:
http://www.crocoworldwide.com/pages/work.php
From the Results for the year ended 30 September 2007 (Annouced 30 January 2008):
"Croco Worldwide Sourcing Limited's revenues up 258% on last year and
already
has an order book of 4.75m for 2008"
Growth
Galleon has seen both organic growth and growth by acquisition in 2007. In our
interims we stated that the emerging markets were a strategic opportunity for a
company like ours with strength in developing cross-platform entertainment. The
subsequent acquisition of Phoenix Global Investment Limited has provided Galleon
with a pipeline into China and South East Asia for its content. Whilst this
acquisition happened just outside the 2006-2007 financial year it presents a
significant opportunity for Galleon in 2008 and future years as the TV and
mobile market continues to grow in these regions.
The source of our revenues has been much more balanced this year with our
entertainment division contributing significant revenues to this year's results.
All this has been underpinned by the continued growth of Croco Worldwide
Sourcing ('Croco') which has consolidated its position as a leading developer
and supplier of in pack premium toys in Europe. In addition, it has expanded its
geographical reach into Latin America, the world's largest market for this type
of product, securing 2 orders this year from both the food and drink divisions
of Pepsico .This coupled with our new presence in Asia presents Croco with a
much larger global distribution footprint for its new and existing products and
IP for 2008.
Outlook
In 2008 we have an entertainment division that is now generating revenues from
its children and family based IP across multiple platforms coupled with a
distribution channel to take this and other content into China and the rest of
South East Asia. In addition to this Croco Worldwide continues to grow
significantly, expanding its existing customer base, winning new clients and
introducing more of its product based IP into market. With the continued growth
in both divisions in mind we are optimistic that 2008 will be a defining year
for the company.
David Wong
Chairman
30 January 2008
Then.....
Interim results for the six months ended 31 March 2008 (Announced 27 June 2008):
Croco Worldwide
Croco Worldwide is our global toy division, focusing on designing and manufacturing innovative bespoke in-pack premiums for the global FMCG companies. The division continues to grow in terms of volume, value and also geographical reach. Our relationship with Pepsico is expanding well beyond Europe and our presence in Latin America has been bolstered by the successful test of our product IP Blasterz in a promotion in Mexico.
Our focus for the remaining months will be to secure regular business from this region and to expand our sales and distribution into Asia. Greater visibility of business and stronger relationships allows us to be more strategic about our investment in product IP and also manufacturing technology, all of which provide significant barriers to entry for any competitors.
Current Trading & Outlook
The first six months of this financial year have been very solid as the Group moves into a profitable phase of growth. This is a huge achievement by the management which has generated a profit in a period when they acquired and then integrated Phoenix and Yunbo in China and South East Asia. We are fortunate to have excellent dedicated employees and managers locally in each of the markets where we operate which allows us to act efficiently, responsively and timely to our partners in this period of quantum growth.
It is evident that we are steadily executing our business model in the emerging markets, particularly in China. Each of our divisions has continued to gain momentum and this will continue into the second half of the year. We are excited by the opportunities that we see ahead of us.
Then....
Roll-out of latest product IP (14 July 2008)-The product range includes Blasterz, Epix Coins, Lenticulars, Flipz and Spinners. Blasterz, our previously launched product, has received orders to date of 8,000,000.
New Product Order (29 July 2008)-The new product, which cannot be named for competitive reasons, has been tested successfully in multiple markets.