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BW2148
JAN 05,2001 5:31 PACIFIC 8:31 EASTERN
(
BW)(NY-TAKE-TWO-INTERACTIVE)(TTWO) Midnight Club: Street Racing and Smuggler’s
Run Remain Best-selling Software Products On PlayStation 2
Business
Editors
NEW
YORK–(BUSINESS WIRE)–Jan. 5, 2001–Take-Two Interactive Software, Inc. (NASDAQ:TTWO)
announced today that Midnight Club: Street Racing and Smuggler’s Run both
remain top ten sellers at retail for the PlayStation(R)2 according to TRST
data for the week ended December 23, 2000. Sales of both software products
increased over 80% from the prior week.
Sam
Houser, President of Take-Two’s video game publishing subsidiary, Rockstar
Games, said, "We are thrilled with the strong results for Midnight Club:
Street Racing and Smuggler’s Run for this Christmas selling season. Midnight
Club: Street Racing has clearly established itself as the number one driving
game for the PlayStation(R)2. We expect that sales of our software products
will continue to be extremely strong as the installed base of PlayStation(R)2
game consoles increases significantly over the next 90 days."
Headquartered
in New York City, Take-Two Interactive Software, Inc. is an integrated global
developer, marketer, distributor, and publisher of interactive entertainment
software games and accessories for the PC, PlayStation, Nintendo 64, Nintendo
Game Boy Color, Sega Dreamcast and the PlayStation 2. The Company publishes
and develops products through various wholly owned subsidiaries including:
Rockstar Games, Gathering of Developers, TalonSoft, Joytech, DMA Design,
PopTop and under the Take-Two brand name. The Company’s Jack of All Games
value added distribution arm maintains sales and marketing offices in
Cincinnati, New York, Toronto, London, Paris, Munich, Oslo, Vienna, Stockholm,
Copenhagen, Milan and Sydney.
Safe
Harbor Statement under the Private Securities Reform Act of 1995: The
statements contained herein which are not historical facts (including
statements such as "intends", "believes",
"anticipates", and "expects") are forward-looking
statements that involve risks and uncertainties including, but not limited to:
risks associated with the Company’s future growth and operating results; the
ability of the Company to continue to successfully manage growth and integrate
the operations of acquired businesses; the availability of adequate financing
to fund periodic cash flow shortages; credit risks; seasonal factors;
inventory obsolescence; technological change; competitive factors; product
returns; failure of retailers to sell-through the Company’s products; the
introduction and availability of new hardware platforms; market and industry
factors adversely affecting the value of the Company’s assets; and unfavorable
general economic conditions, any or all of which could have a material adverse
effect on the Company’s business, operating results, including forecasted
results for fiscal 2001 and for any quarter, and financial condition. The
Company’s actual operating results may vary significantly from forward-looking
statements. The Company has no obligation to update any forward-looking
statement.
Wolfe
Axelrod Weinberger Associates LLC acts as the company’s investor relations
agency and it and/or its employees may have a position in and/or own warrants
or options in the aforementioned company. All information mentioned herein has
been obtained from sources which are believed to be reliable but are in no way
guaranteed as to their accuracy or completeness.
CONTACT:
Take-Two Interactive Software, Inc.
Chip
David (financial)
Jeff
Castaneda (media)
212/334-6633;
212/334-6644
fax
or
Wolfe Axelrod Weinberger Assoc. LLC
Stephen
D. Axelrod, CFA
Donald
C. Weinberger
Denise
Ford (media)
212/370-4500;
212/370-4505
fax
E-mail:
don@wolfeaxelrod.com
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