BKINFORMATION.COM - October 5, 2000

Toysmart.com Announces Availability of Software License Agreements

Toysmart.com, LLC has filed a motion with the U.S. Bankruptcy Court to seeking approval of the terms and conditions of the assignment of certain of its software license agreements. A hearing on the sale has been scheduled for November 7; the Bankruptcy Court established October 27, 2000 as the deadline for the submission of bids by interested parties or objections to the sale.

The software license agreements subject to the motion are: (i) license agreement(s) with Great Plains Software, Inc.; (ii) license agreement(s) with Silknet Software, Inc; (iii) license agreement(s) with PaylinX Corporation; and (iv) certain license agreements with Microsoft.

For further information, parties can contact Toysmart.com's counsel: Harold B. Murphy, Esq., Hanify & King, P.C. at (617) 423-0400 or facsimile (617) 556-8985.