Yes, it is fact. Playing Mantis and RC2 are in the final stages of negotiations for the sale of Playing Mantis to RC2, for reasons I cannot go into at this time.
While I for one wish this wasn't coming down (Being in product development for both Johnny Lightning and Polar Lights model car kits), I do understand the reasons, albeit not the happiest of situations.
From the product perspective, I seriously believe that RC2 will carry on the PL line, after all, there's nothing to be gained by them by deep-sixing them, truthfully. From the diecast perspective, again the same story.
Much of the bad rap that RC2 (formerly known as Racing Champions) garnered over the past several years comes from some mis-calculations on their part when they acquired Ertl and along with that, the AMT model kit line, and of course, economic and financial troubles that we've all faced beginning in mid-summer
2000.
I truthfully do not know where I will be come the completion of the deal, however, I refuse to be panicked by any of the prospects. After all, those who really know me know that I have survived a couple of ordeals far more serious than this could ever be, and I am still standing, and expect to be doing so for years to come (and I am almost 60 years old, believe it or not!).
Art Anderson