JAZWARES BRINGS BREAKOUT PLUSH SENSATION SQUISHMALLOWS INTO THE ROBLOX METAVERSE

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Jazwares has launched a new game featuring its Squishmallows brand on Roblox, targeting the platform's 47 million daily users. This move aims to enhance the brand's digital presence and engage fans through immersive experiences, including mini-games and customizations. Jazwares also announced the establishment of the Jazwares Game Studio, led by experienced Roblox developers Kyle Hulse and Samuel Jordan, to create further engaging content. The Squishmallows brand has sold over 100 million plush toys since 2017 and has a strong social media following, with significant engagement across platforms.

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Launch of Squishmallows game on Roblox, expanding brand presence.
Creation of Jazwares Game Studio to develop new content.
Experienced team assembled for game development.

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12/20/2021 - 11:00 AM

SUNRISE, Fla., Dec. 20, 2021 /PRNewswire/ -- Jazwares, a leading global toy company laser-focused on bringing content to life through innovative play experiences, today announced the launch of Squishmallows® on Roblox, the popular 3D gaming and experiences platform expanding the world of the immensely popular Squishmallows plush toy brand. The Metaverse game brings together two pop-culture favorites in an amazingly fun play experience for all ages. Developed in-house, the Squishmallows game is the ultimate social virtual world where fans can collect Squishmallows virtual plush, hang out with friends in an ultra-cool and colorful world, compete in fun minigames, and customize their very own Squishmallows-themed home.

With Roblox averaging over 47 million daily active users, Jazwares is leveraging its portfolio, and design and development expertise, to create new immersive branded experiences on the Roblox platform. In addition to celebrating the debut of the Squishmallows game, today the company also officially announced its all-new game studio, further expanding play opportunities for kids within the Metaverse. Under the name Jazwares Game Studio, the company has assembled top talent helmed by Roblox developer wunderkinds Kyle Hulse and Samuel Jordan, who will help bring to life the studio's vision of investing in the technologies and platforms kids, families, and fans are engaging on today.

"Jazwares Game Studio is our next evolution in innovation. We've always had our fingers on the pulse of trends and as we have seen the Metaverse expand, we wanted to be able to create enriching play experiences where kids are spending more and more of their time," said Laura Zebersky, President, Jazwares. "That's why we're tapping into our powerhouse brands, beginning with the breakout plush sensation Squishmallows, to develop fun games and moments within Roblox."

Leading development at Jazwares Game Studio are Kyle Hulse, who joins as Operations Director, and Samuel Jordan, who will lead as Creative Director. Hulse began developing games on Roblox in 2015, and released his first game in 2017, at age 15, reaching over 30 million play sessions to date. Shortly after, he began working with Roblox Corporation as a consultant for original games, brand partnerships, and live ops events, and later relocated to the United Kingdom for Roblox's prestigious "Accelerator Program," where he worked on multiple games, helping to generate hundreds of millions of play sessions, and tens of millions of unique users across the platform. Jordan started his career on Roblox designing maps and layouts for different developers' games, which quickly caught the attention of Roblox, who then tapped him to design and create maps for two of their sitewide events. After participating in Roblox's "Accelerator Program," Jordan began creating 3D accessories for Roblox's avatar marketplace, leading to opportunities to partner with large clothing brands, such as the luxury fashion house Stella McCartney, to design and create Roblox accessories for their lines. To date, his collection of original digital fashion pieces has sold over 20 million units on Roblox, making him one of the top-selling creators on the platform.

"We want Jazwares Game Studio to be the number one place for play, physically and digitally," said Kyle Hulse, Operations Director, Jazwares Game Studio. "We see entering this space as a great way to continue to enrich our existing brands with the potential to grow them in multiple directions. It's a really exciting, fast-moving space to be in, and we can't wait for what's ahead."

Since Squishmallows debut in 2017, the plush toy brand known for the ultra-soft feel and whimsical design have surpassed more than 100 million plush sold, delighting fans of all ages, both online and in person. The collectible Squishmallows are a social media sensation that continue to cultivate a strong following online. Organic Squishmallows content has generated nearly five billion video views on TikTok and @squishmallows (and related hashtags) have been tagged in more than one million Instagram posts. The Squishmallows social media channels have ballooned to more than 700,000 followers and nearly 100 global and local Facebook groups have been created by fans.

About Jazwares

Jazwares, a subsidiary of Alleghany Capital Corporation (NYSE: Y), is a global leader in consumer products including toys, plush, action figures, collectibles, musical instruments, and recently expanding into the costumes and pets category. Jazwares' portfolio includes a variety of dynamic licensed and wholly owned brands. With over 20 years of design, development, and manufacturing expertise, Jazwares is an award-winning company with a progressive focus on identifying new trends and transforming them into high-quality products for consumers of all ages.

Jazwares, which is headquartered in Sunrise, FL, has offices around the world and sells in over 100 countries. Since its inception in 1997, Jazwares continues to grow through the development of new products and the strategic acquisitions of companies. For more information about Jazwares, please visit www.jazwares.com

Media Contacts:

Bret Ingraham
Jazwares
bingraham@jazwares.com

Nikki Liberatore
DKC on behalf of Jazwares
Nikki_Liberatore@dkcnews.com

This release contains disclosures which are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "may," "will," "expect," "project," "estimate," "anticipate," "plan," "believe," "potential," "should," "continue" or the negative versions of those words or other comparable words. These forward-looking statements are based upon Jazwares' current plans or expectations and are subject to a number of uncertainties and risks. These statements are not guarantees of future performance, and Jazwares has no specific intention to update these statements. As a consequence, current plans, and anticipated actions may differ from those expressed in any forward-looking statements made by Jazwares or on Jazwares' behalf.