Approved for on-field use by Major League Baseball
NEW YORK--(OTC Link: FOUR) - 4Licensing Corporation (“4LC”) and Pinwrest Development Group, LLC have received approval from Major League Baseball
(“MLB”) for the on-field use of a new Protective Cap insert for MLB
pitchers, which features the isoBLOX® patented impact
protection technology. 4Licensing Corporation has a majority ownership
interest in Pinwrest.
Development and testing of the Protective Cap insert began in May of
2013. The Protective Cap insert, approved for use this Spring, is a
product of significant work by 4LC and Pinwrest. All parties involved in
the development and approval process were distinctly aware of the
importance of finding a protective cap to protect MLB pitchers from line
drives hit back to the mound.
The Protective Cap, which will be
available to players on a voluntary basis, is specifically designed to
provide protection to the front, front boss, and side areas of the head.
4LC/Pinwrest will proudly custom-fit those players who choose to wear
the Protective Cap during MLB Spring Training beginning in February and
the 2014 regular season.
“Introduction of the Protective Cap represents a very significant step
in the protection of major league pitchers. Our isoBLOX® technology,
combined with a foam substrate, is molded into a lightweight, flexible,
impact resistant head form that provides significant impact protection
and can be inserted into a regular baseball cap worn by MLB Players,”
said Bruce Foster, Chief Executive Officer of 4Licensing Corporation.
“The Company is in the process of developing a number of other impact
protection products utilizing isoBLOX®. These products
are being designed for use by athletes of all ages, in a variety of
sports and activities,” added Foster.
About 4Licensing Corporation -
4LC is a licensing company
specializing in specialty brands, technologies and youth-oriented
markets. Through its subsidiaries, 4LC licenses the merchandising rights
to popular children’s properties and product concepts, builds brands
through licensing, develops ideas and concepts for licensing, and has
begun to forge new business relationships in the sports licensing
industry and in developing private label goods to be sold at retail or
directly to consumers.
The information contained in this press release, other than historical
information, consists of forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements may involve risks and uncertainties that could cause actual
results to differ materially from those described in such statements.
Although the company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that
such expectations will prove to have been correct.
Important factors
beyond 4LC’s control, including general economic conditions, consumer
spending levels, competition from toy companies, motion picture studios
and other licensing companies, the uncertainty of public response to the
company's properties and other factors could cause actual results to
differ materially from 4LC’s expectations.
Contacts : 4Licensing Corporation / Lynda
Pandolfo / lpandolfo@4LicensingCorp.com
By press release
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