KING FAMILY AGREES TO LICENSE PRODUCTS

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Licensed merchandise related to the Rev. Martin Luther King Jr. will soon be on the market due to a change of heart among the slain civil rights leader's heirs.

While the King family earlier resisted the commercialization of the Nobel Peace Prize winner's image, the heirs decided to offer tasteful and quality products due to increased demand for merchandise and the explosion of bootleg goods.

The licenses will be handled through Intellectual Properties Management, Atlanta.

As part of the arrangement, the company pays a 6% to 10% royalty to the King estate for each deal as well as a percentage of the profits to the Martin Luther King Jr. Center for Nonviolent Social Change.

Some future King products will be a line of personal checks; limited edition Lladro statuettes; CDs of King's speeches; and Olympic pins.

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