HOUSTON — (BUSINESS WIRE) — November 6, 2014 — Changing Technologies Inc. (OTCBB: CHGT) has added replacement toys and toy parts to its menu of products available for customized on-demand 3D printing on its interactive state-of-the-art 3D printing retail portal, currently in development.
“With 3D printing, waiting will be obsolete. We believe there is a massive opportunity here given that the U.S. toy industry had more than $22 billion in revenues last year alone. That’s why we’re adding replacement toys and toy parts to our 3D printing retail portal,” said CHGT CEO Omar T. Durham. “Toys break and parts go missing. What are parents to do but spend time searching for parts that may or may not be easily available, or they replace the toy altogether. With on-demand 3D printing, they can recreate broken or missing toy parts with the simple push of a button.”
The groundbreaking 3D printing retail portal being developed by CHGT subsidiary 6th Dimension Technologies and interactive software developer Advarion Incorporated allows consumers to create their own products using cutting-edge 3D printing technology or select from an online catalog. Users will have the ability to search its database for printable 3D models and purchase them from the site. In addition to offering original equipment manufacturer (OEM) replacement-part manufacturing and licensing opportunities with game and animation developers, the site will feature a diverse menu of options that will enable users to determine the specific toy replacement part or toy they require.
Durham says CHGT is accelerating development of its on-demand 3D printing retail portal to meet the increasing need for replacement toys and toy parts in the $22 billion U.S. toy industry, a potentially lucrative segment of the 3D printing market with infinite revenue-producing potential going forward.
For more information on CHGT, please visit www.changingtechno.com/investors.
For more on 6th Dimension Technologies, visit www.6D3D.com.
About Changing Technologies, Inc.
Changing Technologies, Inc. (OTCBB: 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 Voxeljet AG (NYSE: VJET), Arcam AB (OTCBB: AMAVF), and ExOne Co. (NASDAQ: XONE).
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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,” “anticipate” 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.
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