Michael Horn of Palisades Toys Named Finalist For Ernst & Young Entrepreneur Of The Year

by Jay Cochran
May 18, 2004

Michael Horn of Palisades Toys Named Finalist For Ernst & Young Entrepreneur Of The Year® 2004 Award

Elkridge, MD (May 18, 2004) – Michael Horn, President and CEO of Palisades Toys was named a finalist by professional services firm Ernst & Young LLP for the Ernst & Young Entrepreneur Of The Year 2004 Awards in Maryland. Finalists will be selected in one of seven award categories announced at an awards banquet on June 17, 2004 at the Hyatt Regency Baltimore.

Palisades Marketing, LLC (“Palisades Toys”) designs, manufactures, and markets a variety of collectible products worldwide through sales to retailers and consumers. Palisades’ vast array of products includes action figures, polystone statues and busts, car flags and accessories, and high-end prop replicas. Palisades firmly believes that their products are among the most highly detailed in the world; essentially, they are in the business of “Don’t Have It, Gotta Get It!!”

Formed by Horn in August of 1994, Palisades was conceived as a vehicle to provide marketing consultation to manufacturers of collectible products; however, in 1997, with Horn’s realization that the staff had over 50 years of collective “toy experience” between them, Palisades shifted gears and began to focus on manufacturing goods of its own, rather than simply marketing the goods of others.

2004 will mark the dawning of a new age at Palisades. For the first time since its inception, Palisades Toys will begin to license trademarks, characters and other property rights of its own in connection with the sale of “Crittaz” action figures. “Crittaz” is the first wholly owned property that the company has developed with the intent of licensing to respective companies within the toy, gaming and entertainment industries. This new business endeavor will coincide with a yearlong celebration of the company’s 10th Anniversary.

Maryland winners will be eligible for consideration for the Entrepreneur Of The Year 2004 national program. Winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year, will be announced at the annual awards gala in Palm Springs, Calif., in November 2004.

About The Ernst & Young Entrepreneur Of The Year® Awards Program

The Entrepreneur Of The Year awards program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, Ernst & Young Entrepreneur Of The Year recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program honors entrepreneurs through regional, national and global award programs in over 100 cities and 35 countries.

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About Ernst & Young

Ernst & Young, a global leader in professional services, is committed to restoring the public’s trust in professional services firms and in the quality of financial reporting. Its 103,000 people in more than 140 countries around the globe pursue the highest levels of integrity, quality, and professionalism to provide clients with solutions based on financial, transactional, and risk-management knowledge in Ernst & Young's core services of audit, tax, and transaction services. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to all the members of the global Ernst & Young organization.

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About Palisades Toys

Palisades Marketing, LLC (“Palisades Toys”) designs, manufactures, and markets a variety of collectable toy products worldwide through sales to retailers and directly to consumers. Palisades Toys believes its products are among the most highly detailed and collectable action figures, PolyStone statues, PolyStone mini busts in the world. The Palisades brand, Factory X, is a segment leader in prop replicas. Formed in 1994, Palisades’ products are sold throughout the world at various retail outlets including Toys "R" Us, K•B Toys, Target, Electronics Boutique, Tower Records, Media Play, Sam Goody, Suncoast Video, Amazon.com and a variety of domestic and international comic shops and specialty retailer stores. Palisades Toys’ current product portfolio includes The Muppets, Alien, Predator, Transformers, G.I. Joe, Ren & Stimpy, Army of Darkness, Pink Panther, and others. Further information on this and all other Palisades Toys products is available via our company website at: www.PalisadesToys.com.


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