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I found a new character competition at www.threedy.com.
Direct link to the competition forum:- http://www.threedy.com/forumdisplay.php?s=&forumid=2
The theme is to design a sidekick for an existing superhero character of DC Comics and Marvel fame.
They are only accepting concept sketches at the moment, and the deadline isn’t untill March 2nd 2003.
There are some top prizes to be won.