CHGT to Chase Bigger Slice of the Growing Toy and Gaming Market
January 21, 2016 | By Business Wire News
Changing Technologies, Inc. (OTCQB: CHGT) looks to purchase a robust new 3D printer with the idea of entering into the increasingly popular miniatures, table-top and role-playing game figurine markets.
“Miniatures and figurines are a key subset of the overall toy market,” said CHGT CEO Marco Valenzuela. “We want to grab a share of that expanding market by designing and 3D printing miniatures and figurines for hobbyists, collectors and gamers. Right now, we’re looking at purchasing a versatile, powerful printer that will enable us to ramp up custom production of these items for sale at shows, conventions and through our 3D printing portal. Combined with our recent outreach to cosplayers and to video gamers, we hope to carve a substantial market niche that will generate a strong future revenue stream.”
As the U.S. economy recovers from the 2008 recession, Americans are finding themselves with more disposable income. Areas where consumers are spending more money are hobbies, toys and games. Total annual game spending recently topped $700 million and analysts think it could soon reach $1 billion. Broken down by category, collectible games brought in the largest share at $450 million; miniatures represented a $125 million slice of the overall market while role-playing games totaled $15 million.
For more information on CHGT, please visit www.changingtechno.com.
For more information on 6th Dimension Technologies, visit http://www.6d3d.com.
About Changing Technologies, Inc.
Changing Technologies, Inc. (CHGT) is an emerging technology company focused on developing innovative concepts to bring to consumers. It recently created a new subsidiary — 6th Dimension Technologies — to pursue additional growth areas and market needs in the booming 3D printing sector. A forward-thinking company working to be at the forefront of the next generation of consumer-based technology, CHGT is positioning itself to leverage global demand for the latest technological advances and services the company offers. Changing Technologies, Inc. is in the cutting-edge technology sphere alongside companies like Voxelijet AG (VJET), Arcam AB (AMAVF), and ExOne Co. (XONE).
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipates” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Changing Technologies, Inc.
Marco Valenzuela, 713-300-3806
President and CEO