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[[underlined]] Product Development Program [[/underlined]]

The three companies participating in our evolving Product Development Program are proceeding on schedule.

TONKA will introduce four hobbycraft kits (Dioramas) to their trade early in June for retail sale in the fall.  The subjects chosen for these educational kits are the Spirit of St. Louis, the Wright Flyer, the Pioneer locomotive, and the Model T Ford.  Advertisements will first appear in October in several magazines popular with boys, including Boys' Life, Scholastic, and Sports Illustrated.

FIELDCREST will have an introductory party at the Cooper-Hewitt Museum on the evening of May 21st.  Their initial line consists of approximately twelve designs drawn from the collections of the National Museum of History and Technology.  Advertisements will first appear in late September in several magazines, including the New Yorker, the New York Times Magazine, House Beautiful, and the Smithsonian magazine.

STIEFF continues to work on the development of their line of silver and pewter items.  Their initial line, scheduled for introduction early in 1975, will include a tankard, a bowl with an engraved sailing ship, a punch cup, a wine coaster, an inkwell, a funnel, assorted measures and a medallion.

We are currently negotiating terms for a contract with the SCHUMACHER Company for a line of decorative fabrics and wall coverings.  Schumacher is a respected quality manufacturer that has worked with the Williamsburg program of reproduction since 1936.