457:
generated modest profits off healthy revenue. With the Touch Screen
Greetings and the Personalize It! method, Hallmark in 1992 sued AG over patent infringement with a 1995 settlement that allow both to use the technology worldwide. By 1995, the kiosks were being left behind by personal computers and the internet. The units were partially written off. American had also made deals with online services, Prodigy, CompuServe, and Microsoft Network in early 1996. Their website was redesigned to allow the cards to be designed on the website then mailed from its Cleveland fulfillment center in 1997. Two CD-ROM products, Personal CardShop for Home and Office and CreataCard Plus, were published. Both allowed for personalization. CardShop had 150 card choices and used the modem to order them to be printed and mailed by their fulfillment center. CreataCard had 3,000 predesigned greeting cards, invitations, stationery, and announcements, and three methods of fulfillment: print on home printer, by e-mail or via the company's center.
577:. However, in 2013, the company announced it would delay moving its operations to Westlake. Construction had been scheduled to start in early 2013, and American Greetings said it was only delaying the $ 150 to $ 200 million project. In 2014, American Greetings sold its Brooklyn, Ohio headquarters to developers and began renting its current offices from the new owners until the move to Westlake. American Greetings opened their new Westlake headquarters in September 2016. The company leases the building from the Wiess family until August 2031.
390:, Jacob's oldest son, became Jacob's first partner in 1918 at age nine. Irving's brother Morris started working at the card company in 1926. Morris and Irving in 1928 got a post card contract worth $ 24,000. The company started using self-serve display cabinets for its greeting cards in 1929 further cementing its position in the market. Sapirstein Greeting began in 1932 making its own greeting cards.
605:. UK Greetings continued with American Greetings under CD&R while the Clintons retail chain in the UK remained with the Weiss family. On closing of the deal, David Scheible was named Chairman in place of Morry Weiss and President John Beeder was promoted to CEO (the former chairman and co-CEOs remaining on the board). In January 2019, the Weiss family placed AG's headquarters up for sale.
465:, a sunglasses manufacturer, but declined to pursue the purchase. A candle line was relaunched in 1997 under the name GuildHouse. A supplemental educational products subsidiary, Learning Horizons, Inc., was set up in March 1997. However, in August 1997, American Greetings sold two subsidiaries, Acme Frame Products, Inc. and Wilhold Inc., producer of hair accessory products, to
453:
frame to market. Fruchtenbaum stressed information systems technology with the development of software to aid the sales force, to managers and their retailers in order to track inventories and trends. The following year, Weiss and
Fruchtenbaum were promoted again to chairman/CEO and president/chief operating officer, respectively, with Irving Stone becoming founder-chairman.
500:, the third top card maker in the US, in March 1996, which was rejected. In 1999, the company agreed to buy rival Gibson Greetings and united the second and third largest U.S. greeting card makers. Through the Gibson purchase, American gained its strong UK unit and a 27% stake in Egreetings Network Inc.
518:
Fruchtenbaum was terminated in June 2000 for insider trading policy violation after the board learned that he purchased stock via options, then sold them in
December 1998 before the announcement of the new inventory system implementation's expected loss. Board member James C. Spira was then appointed
514:
In March 1999, Hallmark started a price war with the introduction of a 99-cent card line forcing
American to do the same. In 1999, the implementation of a new inventory system slowed shipments to retailers. However, this reduced sales by $ 100 million, a 1.5% decrease, ending a 93rd consecutive year
456:
Custom
Expressions, Inc., the CreataCard producer, was acquired in 1992, The CreataCard units had 1,000 card options and printed cards in under four minutes for $ 3.50 each. The company placed a few thousand units in mass-merchandise outlets in the US. By early 1994, 7,000 were installed. The kiosks
452:
AG came back with a doubled net income by 1991 with 10 percent growth in sales to
Hallmark's 1 percent. Weiss was promoted to CEO while Ed Fruchtenbaum was elevated as the fourth and first non-family president. Weiss had streamlined operations, cut costs, and decreased its card idea development time
406:
The company changed its name to
American Greetings Corporation as the company went public in 1952, issuing 200,000 shares. The funds raised were earmarked for acquisitions and expansion. In 1956, American Greetings formed Carlton Cards, Ltd., a Canadian subsidiary. Also that year, the Hi Brows humor
402:
Sapirstein
Greeting Card Co. was renamed in 1938 to American Greetings Publishers. In 1939, the firm first issued the Forget-Me-Not card line. Irving and his brothers changed their last name to Stone in the 1940s. American Greeting Publishers was incorporated in 1944. John Sands Pty. Ltd. of Sydney,
526:
In its online sector in 2001, American
Greeting purchase the Egreetings Network shares that Gibson did not already own. In January 2002, the company purchased Blue Mountain Arts (BlueMountain.com) from Excite@Home with Excite to buy ads on American Greeting websites and Blue Mountain would continue
460:
In the mid-1990s, American
Greetings expanded its operations with acquisitions or starting up of new lines of business, and starting in 1996, the promotion of sideline product categories to semi-autonomous units. A reading glasses manufacturer, Magnivision, was purchased in 1993. In 1996, the party
584:
in May 2012 into administration. In June , American Greetings acquired assets from Clinton Cards together with some of its subsidiaries including UK Greetings. UK Greetings' card brands at the time were Camden Graphics, Hanson White, Forget Me Not and Xpressions. Clinton operated stores under the
522:
In November 2000, Spira was appointed to oversee a massive overhaul. The company cut 1,500 jobs, closed six manufacturing and distribution centers, discontinued Forget-Me-Not, one of its four main U.S. card brands, and cut the offered greeting cards to 10,000 from 15,000. The firm also shifted to
428:
Morry Weiss, Irving's son-in-law, and Irving Stone in 1978 were appointed president and chairman & CEO, respectively. Also in 1978, the corporation set up two new subsidiaries Plus Mark, Inc. and A.G. Industries, Inc. Plus Mark was formed to manufacture Christmas gift wrap, boxed cards, and
433:
ignored the mass market outlets until 1959 with issuance of its Ambassador card line. The company then used its licensing revenue on national advertising and other efforts to gain market share from 1981 to 1985. While they had a net income increase of 613 percent over ten years, Hallmark still
410:
In July 1957, the company moved its headquarters to One American Road, Brooklyn, Ohio. In 1958, American Greetings went public. Jacob Sapirstein became chairman of the board while Irving assumed the company's president post in 1960. In Forest City, North Carolina, the company built a cabinet
480:
In Canada, the Forget-Me-Not brand was launched in 1993. In July 1997, American Greetings launched its "The All New American Way" marketing strategy that consisted of massive revamping of its everyday card lines over the next year and a half to meet nine American cultural trends.
527:
providing ecards for Excite. The company thus had four online greeting cards website including BeatGreets.com, a musical greetings website. While the online operations expected to become profitable by the fourth quarter 2002, the division had a lower loss than in the prior year.
593:
American Greetings went private once again in mid-2013, thus removing itself from all the public markets, agreeing to pay $ 18.20 per share, valuing the company at $ 878 million. The Weiss family-owned Century Intermediate Holding Co. purchased the public shares.
530:
In 2003, Morry Weiss's sons, Zev and Jeffrey, became CEO and President respectively; Morry Weiss remained Chairman. American Greetings had also branched out onto the internet and owned a network of websites. October 25, 2007, American announced the purchase of
608:
Scheible had been replaced by John Compton as chairman. On March 1, 2019, the retiring CEO Beeder was replaced by Joe Arcuri. Partially owned Schurman Retail Group announced in January 2020 that it would close all of its stores and filed for
429:
accessories. A.G. Industries was a display fixture manufacturer. American Greeting had seen itself as a mass-marketer and was serving pharmacies, variety stores, discount stores, and supermarkets with low cost cards. Meanwhile,
523:
recognizing sales at the retailer's register, not when it was stocked on the retailer's shelves in order to better control inventory. This cost them $ 300 million, and was highly unprofitable in the 2001 and 2002 fiscal years.
561:
In April 2010, the company closed its DesignWare plant in Kalamazoo as the company moved to Amscan for manufacturing their party goods. American Greetings received $ 25 million and a warrant for 2 percent of common stock in
489:, the top greeting card company in both Australia and New Zealand. In 1998, Camden Graphics Group and Hanson White Ltd. were purchased to add to its UK operations. While in 1999, a majority stake in Memory Lane
826:
484:
In the 1990s, American Greetings pushed more into international markets. Acquisition occurred in 1995 with a purchase of 80% share of S.A. Greetings Corporation in South Africa and in 1996 with the purchase of
1295:
American Greetings Corp., the nation's largest publicly held greeting card manufacturer, is exploring moving its global headquarters from Brooklyn to another community - maybe even out of state - with lower
557:
on April 17, 2009, the company sold its remaining 341 stores to them, and in the second deal bought Schurman's wholesale division, Papyrus brand cards and paper products, and a 15% equity stake in Schurman.
393:
In 1934, the company began hiring sales representatives. Harry, the youngest son, joined the business in 1935. In 1936, the company opened its first branch office and the first major manufacturing facility.
566:, Amscan's parent corporation, while Amscan received inventory, equipment and processes. In Mexico, the company moved strategically to a third party distributor model and closed its warehouse there.
601:(CD&R). The Weiss Family would continue to operate as directors and shareholders of American Greetings as well as retain ownership of American Greetings Entertainment, which was spun off as
411:
manufacturing plant in 1960. A Mexican subsidiary in Mexico City was set up in 1969. In 1971, a retail subsidiary was formed called Summit Corporation, later called Carlton Cards Retail, Inc.
40:
438:
started a price war in 1986 and ended in 1987 which had the three major greeting card companies taking a loss. With a drop in licensing revenue, American took until 1989 to recover.
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511:. AmericanGreetings.com, Inc., while not turning a profit, was announced in June 1999 to be taken public, but was withdrew due to the early 2000 tech stock collapse.
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425:, which soon had a newspaper cartoon strip generating additional income. By 1977, Holly Hobbie became one of the top female licensed character in the world.
546:
toy sunglasses sold from December 2003 through August 2005, because the lenses can separate from the frames, posing a choking hazard to young children.
379:
1700:
441:
Those Characters From Cleveland was started up by Tom Wilson on behalf of American Greetings in 1980. The first property out of Those Characters was
338:, the company sells paper greeting cards, electronic greeting cards, gift packaging, stickers and party products. In addition, the company owns the
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goods line was relaunched under the DesignWare name. Also in 1996, American Greetings entered discussions with BEC Group Inc. to acquire
852:
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Clinton and Birthdays brands. American Greetings brought in Dominique Schurman, CEO of Schurman Retail Group, to lead Clinton.
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1363:
827:"American Greetings' Weiss Family Aims to Take the Company Private Again, Via an $ 878 Million Offer for Outstanding Shares"
417:
premiered in 1967 as a line of greeting cards by American Greetings. The character's public appeal lead to the formation of
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357:, subsequently renamed AG Properties and American Greetings Entertainment and now separately owned as
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1310:"American Greetings sells Brooklyn headquarters; Lichter, Semarjian plan 150-acre industrial park"
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Acquired in 1999, Gibson was founded by brothers George, Robert, Samuel and Stephen in 1855 as
61:
1419:"Majority shareholding in American Greetings sold to US investor, Clayton Dubilier & Rice"
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Sale the next year topped $ 100 million. In 1972, the company introduced Ziggy, created by
386:-drawn cart, American Greetings has been run by members of the family since its inception.
629:. It eventually began making greeting cards in 1860s and 1870s, sold to brother George as
597:
In 2018, the Weiss family sold a 60% majority stake of the company to the investment firm
8:
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Australia and the company signed a licensing agreement, the firm's first, in 1949.
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493:, a Malaysian greeting card company, bring American to Asia for the first time.
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469:. Contempo Colours, a party goods company in Michigan with licenses included
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71:
1564:""Strawberry Shortcake & Friends": They're a Boon to American Greetings"
1169:"CPSC, American Greetings Corp. Announce Recall of Sesame Street Sunglasses"
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539:
462:
1599:"Growth in the Cards: American Greetings Expects to Wrap Up a Record Year"
1277:"American Greetings may pull its world headquarters out of Brooklyn, Ohio"
569:
In 2010, American Greetings announced plans to move its headquarters from
542:
sunglasses manufacturer. In October 2005, American Greetings recalled its
445:, which generated in 1981 $ 500 million in retail sales, followed by the
362:
322:
is a privately owned American company and is the world's second largest
889:"American Greetings announces new investor taking 60 percent ownership"
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a non-reportable operating segment, sometimes referred to as "Retail"
538:
In July 2004, American Greetings sold MagniVision to an affiliate of
378:
Sapirstein Greeting Card Co. was founded in 1906 by Polish immigrant
306:
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660:
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532:
210:
150:
1143:"American Greeting Earnings Lifted by Sale of Reading Glass Unit"
853:"Hallmark greeting cards have adjusted to the digital revolution"
490:
1256:
1113:
906:
504:
1446:"Former P&G executive hired as CEO of American Greetings"
383:
1473:"All Papyrus stores to close, including 2 Indiana locations"
1222:"American Greetings to bid good-bye to DesignWare, 225 jobs"
573:
to a new facility at Crocker Park within the nearby city of
85:
1034:"Tom Wilson of Ziggy comic fame dies at 80: news obituary"
342:, Tender Thoughts, Papyrus, Recycled Paper Greetings and
1252:"Higher Prices Still In The Cards For American Greetings"
361:. American Greetings also holds an exclusive license for
350:
1691:
Companies formerly listed on the New York Stock Exchange
1123:. Securities and Exchange Commission. December 20, 2007
1736:
Companies that filed for Chapter 11 bankruptcy in 2020
1364:"US company American Greetings acquires Clinton Cards"
1307:
503:
In 1998, the company shares moved from trading on the
1499:"History of Gibson Greetings, Inc. – FundingUniverse"
984:
International Directory of Company Histories, Vol.59
919:. Securities and Exchange Commission. April 30, 2012
787:"American Greetings opens new Westlake headquarters"
449:
with $ 2 billion in sales over its first two years.
277:
Century Intermediate Holding Co. (Weiss Family, 40%)
549:American Greetings on February 24, 2009 purchased
477:, was bought in August 1999 to add to DesignWare.
649:American Greetings operates with four divisions:
641:and other owners was sold to American Greetings.
1677:
1392:"American Greetings Spins Off Its Licensing Arm"
708:Those Characters From Cleveland (1980–2018; now
353:design and licensing division, initially called
1196:"American Greetings Corp. wraps up tough year"
1121:"American Greetings, Form 8-K, Current Report"
914:"American Greetings, Form 10-K, Annual Report"
613:, including its American Greetings locations.
1516:"Company Overview of American Greetings Corp"
981:"History of American Greetings Corporation".
382:(1885–1987), who sold cards to stores from a
670:
1644:(UPI). June 6, 1988. p. 9 – via
1596:Leisner, Susan Wagner (November 26, 1979).
1561:Davenport, Caroline H. (October 12, 1981).
373:
1589:
1554:
1444:Brunsman, Barrett J. (February 14, 2019).
1161:
695:(15%) runs American Greeting retail stores
38:
1627:
1625:
1560:
1540:"Company Overview of AG Interactive, Inc"
1025:
653:North American Social Expression Products
1701:Publishing companies established in 1906
1443:
656:International Social Expression Products
1595:
1389:
1336:
1308:McFee, Michelle Jarboe (July 1, 2014).
1219:
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1173:U.S. Consumer Product Safety Commission
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1706:Privately held companies based in Ohio
1696:American companies established in 1906
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1376:from the original on October 13, 2014.
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1264:from the original on October 10, 2014.
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1390:Loveday, Samantha (August 28, 2018).
1249:
1149:. Associated Press. December 23, 2004
1096:"American Greetings buys Excite unit"
887:Pledger, Marcia (February 13, 2018).
397:
1632:"Greeting firm selling subsidiary".
1470:
1339:"Can Clinton Cards reinvent itself?"
1220:Killian, Chris (December 23, 2009).
1084:
1032:Segall, Grant (September 19, 2011).
820:
818:
816:
814:
812:
810:
808:
781:
779:
663:was formerly part of AG Interactive)
535:from CNET for $ 45 million in cash.
419:Those Characters From Cleveland Inc.
1505:
1471:Hays, Holly V. (January 21, 2020).
1380:
1337:Simpson, Emma (December 24, 2012).
1327:
1274:
1240:
1006:Dickson, Jeremy (January 3, 2012).
931:
867:
851:Gillies, Trent (December 9, 2017).
824:
623:Gibson & Company, Lithographers
616:
167:Erwin Weiss (Senior Vice President)
24:
1417:Brown, Jakki (February 13, 2018).
1093:
999:
496:American Greetings made a bid for
25:
1747:
1655:
1452:. American City Business Journals
1060:"American Greetings to buy rival"
805:
776:
1194:Roguski, Randy (June 26, 2009).
1008:"AGP expands Holly Hobbie brand"
698:UK Greetings, British subsidiary
53:Sapirstein Greeting Card Company
1532:
1491:
1464:
1437:
1410:
1356:
1301:
1268:
1250:McKee, Tyler (March 30, 2011).
1213:
1187:
1135:
825:Cho, Janet H. (April 1, 2013).
407:studio card line was launched.
355:Those Characters From Cleveland
18:Those Characters From Cleveland
1726:1950s initial public offerings
1671:American Greetings SEC Filings
1275:Cho, Janet (January 7, 2010).
1052:
844:
727:
320:American Greetings Corporation
27:American greeting card company
13:
1:
1731:2013 mergers and acquisitions
770:
434:maintained its market share.
1711:Companies based in Cleveland
995:– via FundingUniverse.
101:1938 (as American Greetings)
90:; 118 years ago
7:
1721:1906 establishments in Ohio
1450:Cincinnati Business Courier
1094:Hu, Jim (January 2, 2002).
758:
637:in 1960. After being under
599:Clayton Dubilier & Rice
349:American Greetings’ former
273:Clayton Dubilier & Rice
10:
1752:
1642:United Press International
791:Crain's Cleveland Business
719:AmToy (1979–1988; sold to
675:
635:Gibson Greeting Cards Inc.
580:American Greetings forced
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264:$ 57.2 million (2012)
252:$ 1.67 billion (2012)
702:
671:Subsidiaries and holdings
553:. In two cash deals with
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682:Recycled Paper Greetings
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551:Recycled Paper Greetings
374:Sapirstein Greeting Card
33:American Greetings Corp.
987:. St. James Press. 2004
689:, Australian subsidiary
515:of increasing revenue.
509:New York Stock Exchange
1546:. 2014. Archived from
1544:Bloomberg BusinessWeek
1524:. 2014. Archived from
1521:Bloomberg BusinessWeek
170:Gregory M. Steinberg (
117:1 American Boulevard,
710:Cloudco Entertainment
693:Schurman Retail Group
611:Chapter 11 bankruptcy
603:Cloudco Entertainment
359:Cloudco Entertainment
88:, United States (1906
1425:. Max Media Ventures
1398:. Max Media Ventures
793:. September 28, 2016
555:Schurman Fine Papers
443:Strawberry Shortcake
215:Educational products
207:Electronic greetings
44:Logo used since 2017
1528:on October 6, 2014.
1479:. USA Today Network
1228:. Mlive Media Group
1175:. September 1, 2005
589:Private corporation
283:Number of employees
34:
1686:American Greetings
1072:. November 4, 1999
463:Foster Grant Group
398:American Greetings
309:.americangreetings
32:
1550:on June 15, 2008.
1477:Indianapolis Star
1226:Kalamazoo Gazette
1171:(Press release).
582:Clinton Cards PLC
388:Irving Sapirstein
317:
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16:(Redirected from
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1664:Official website
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1372:. June 7, 2012.
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659:AG Interactive (
617:Gibson Greetings
498:Gibson Greetings
436:Gibson Greetings
380:Jacob Sapirstein
326:producer behind
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1608:. Retrieved
1606:. p. 44
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1575:. Retrieved
1573:. p. 50
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293:Subsidiaries
235:Just For You
156:Joe Arcuri (
114:Headquarters
58:Company type
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1483:January 23,
1285:. Cleveland
1179:December 8,
797:November 5,
728:Cartoonists
631:Gibson Arts
363:Nickelodeon
330:. Based in
196:Party goods
132:Area served
1680:Categories
1289:January 7,
1127:January 6,
923:January 6,
771:References
765:Cardmaking
753:Tom Wilson
687:John Sands
627:Cincinnati
487:John Sands
447:Care Bears
423:Tom Wilson
259:Net income
203:Stationery
142:Key people
1105:August 1,
1012:Kidscreen
859:April 14,
741:Ask Shagg
336:Cleveland
211:Calendars
193:Gift wrap
158:President
136:Worldwide
1616:ProQuest
1610:March 3,
1604:Barron's
1583:ProQuest
1577:March 3,
1570:Barron's
1456:July 25,
1429:July 19,
1402:July 17,
1374:Archived
1348:July 25,
1262:Archived
1232:July 17,
1205:July 22,
1153:July 26,
1147:Fox News
1076:June 18,
1044:July 22,
1017:July 19,
991:July 25,
898:July 17,
836:April 4,
759:See also
734:R. Crumb
661:Webshots
575:Westlake
533:Webshots
471:Monopoly
346:brands.
199:Giftware
182:Products
151:Chairman
82:Brooklyn
68:Industry
50:Formerly
1423:PG Buzz
1396:PG Buzz
1343:BBC.com
676:Current
507:to the
491:Sdn Bhd
369:History
302:Website
249:Revenue
241:Papyrus
106:Founder
93: (
78:Founded
62:Private
1319:May 9,
1296:taxes.
1257:Forbes
855:. CNBC
703:Former
505:NASDAQ
344:Gibson
238:Gibson
223:Brands
917:(PDF)
645:Units
384:horse
275:(60%)
269:Owner
1612:2023
1579:2023
1485:2020
1458:2019
1431:2019
1404:2019
1350:2019
1321:2015
1291:2010
1234:2019
1207:2019
1181:2014
1155:2019
1129:2013
1107:2019
1100:CNET
1078:2013
1046:2019
1019:2019
993:2019
925:2013
900:2019
861:2019
838:2013
799:2016
721:Tyco
473:and
311:.com
160:and
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86:Ohio
625:in
351:toy
307:www
172:CFO
162:CEO
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