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"We are delighted to conclude these negotiations with our lending group and are grateful for their support," said Jeffrey Dunn, President and CEO of HIT. "This allows us to focus on what we do best - making great entertainment for kids." The company saw revenues increase to $249.2m from $238.4m in the 12 months to July 31, 2009. The new creditor arrangements pave the way for continued expansion at the company, a leading international player in children’s entertainment. |