AKA Acclaim Ships Aggressive Inline and ATV Quad Power Racing for GBA

AKA ACCLAIM BRINGS FREEWHEELING
ACTION TO GAME BOY® ADVANCE WITH ‘AGGRESSIVE INLINE’ AND ‘ATV QUAD POWER RACING’

GLEN COVE, NY, August 28, 2002 –
Bringing hours of freewheeling action to handheld gaming, AKA Acclaim, a
division of Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM), today announced it
has shipped Aggressive Inline(TM) and ATV Quad Power Racing(TM) for the Game
Boy® Advance. Aggressive Inline combines the thrill of high-flying inline
skating with the ease and mass-market appeal of arcade-style action, while ATV
Quad Power Racing delivers the four-wheel action of off-road racing throughout
many challenging terrains.

"We’re please to expand upon the breadth of our handheld lineup with two
arcade-style titles that are perfectly suited for the mass-market gaming
audience," said Ben Fischbach, Senior Brand Manager for AKA Acclaim. "Whether
fans of outrageous grinding or high-speed power sliding, each game will offer
consumers countless hours of fun and excitement."

Aggressive Inline
Developed by Full Fat, Aggressive Inline lets players choose from 9 of the top
pro skaters like Jaren Grob, Taig Khris and Chris Edwards, and experience the
best inline action in 12 huge, fully-interactive levels filled with half-pipes,
rails and neighborhood bosses to defeat. Players can raise their skills by
performing more than 400 tricks, including aerials, lip grinds and wall rides.
Aggressive Inline features a complete soundtrack of the best songs to blade to,
such as Hoobastank, Saliva, The Vandals, Black Sheep and Eric B & Rakim. In
addition, the game allows instant replays and supports two-player action via
link up.

ATV Quad Power Racing
Developed by Tantalus, ATV: Quad Power Racing delivers all of the four-wheel
action that has made it a half-million unit selling franchise on the Sony
PlayStation®. Featuring 9 different tricked-out ATV’s, 3 different classes of
ATV’s (stock, pro and open), 10 unique tracks and environments, and head-to-head
competition in arcade and challenge game modes, ATV: Quad Power Racing puts the
thrill of off-roading in the palm of your hands.

Aggressive Inline and ATV Quad Power Racing are currently available for the Game
Boy® Advance at suggested retail prices of $29.99. For more information on
Acclaim’s entire lineup of products, please visit
http://www.acclaim.com.

Action sports are about freedom of expression, authenticity and extreme
athleticism, all of which are the cornerstones of the AKA Acclaim brand.
Products under the AKA Acclaim banner are designed to push the technological
envelope and entertain action sports enthusiasts, while maintaining the
authenticity and credibility of the sport and those who play them. Titles under
the AKA Acclaim brand include, Aggressive Inline(tm), BMX XXX, Dave Mirra
Freestyle BMX 3(tm), ATV Quad Power Racing 2(tm) and Jeremy McGrath
Supercross(tm).

About Acclaim Entertainment
Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a leading worldwide
developer, publisher and mass marketer of software for use with interactive
entertainment game consoles including those manufactured by Nintendo, Sony
Computer Entertainment and Microsoft Corporation as well as personal computer
hardware systems. Acclaim owns and operates six studios located in the United
States and the United Kingdom which includes a motion capture and recording
studio in the U.S., and publishes and distributes its software through its
subsidiaries in North America, the United Kingdom, Germany, France and Spain.
The Company uses regional distributors worldwide. Acclaim also distributes
entertainment software for other publishers worldwide, publishes software gaming
strategy guides and issues "special edition" comic magazines from time to time
to support its time valued brands, Turok and Shadow Man. Acclaim’s corporate
headquarters are in Glen Cove, New York and Acclaim’s common stock is publicly
traded on NASDAQ.SC under the symbol AKLM. For more information please visit our
website at http://www.acclaim.com.

"PlayStation" and the "PS" Family logo are
registered trademarks of Sony Computer Entertainment Inc.
TM, ® and Game Boy Advance are trademarks of Nintendo

The statements contained in this release that are not historical facts are
"forward-looking statements." Acclaim cautions readers of this press release
that a number of important factors could cause Acclaim’s actual future results
to differ materially from those expressed in any such forward- looking
statements. These important factors, and other factors that could affect
Acclaim, are described in Acclaim’s Annual Report on Form 10-K for the fiscal
year ended August 31, 2001, and Acclaim’s subsequent Quarterly Reports on Form
10-Q, all of which were filed with the United States Securities and Exchange
Commission. Readers of this press release are referred to such filings.