CALABASAS HILLS, Calif., July 2, 2002 – THQ Inc. today announced that it has completed its previously announced purchase of substantially all the assets of ValuSoft, Inc., a leading publisher and distributor of consumer-priced interactive entertainment and productivity software.
This acquisition will allow THQ to enter a new market segment through ValuSoft’s extensive line of high quality, reasonably priced software targeting the casual computer user. ValuSoft’s catalogue primarily consists of family entertainment, war games and home productivity products. ValuSoft’s expertise in distributing to this market segment will open additional channels of distribution for THQ’s own robust line of mass-market PC products at the $9.99 to $19.99 price range.
The acquisition is not expected to have an impact on THQ’s 2002 earnings but it is expected to be accretive to its 2003 earnings.
About ValuSoft
ValuSoft is a leading global publisher and distributor of value-price software. ValuSoft markets a wide variety of interactive entertainment and productivity software to the mass market audience. The ValuSoft web site is located at www.valusoft.com
About THQ
THQ Inc. develops and publishes interactive entertainment software for a variety of hardware platforms including PC CD-ROM, wireless devices and those manufactured by Sony, Nintendo and Microsoft. The THQ Web site is located at www.thq.com
Press Release
