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Parent Co. Announces amendment regarding Going Concern Opinion

Thursday, Parent Co. (KIDS), a commerce, content and new media company, announced the amendment in the report of the company's independent registered public accounting firm, with respect to Parent's financial statements for the year ended February 2, 2008. The amendment on December 11, as a result of certain developments, was to include a qualification as to the company's ability to continue as a going concern, Parent Co. noted.

The company added that the announcement is in accordance with Nasdaq requirements.

KIDS closed Thursday's regular trading at $0.25, down $0.05 or 16.67%, on a volume of 46 thousand shares.

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