Take-Two Interactive Software Inc. Announces Exclusive Distribution Agreement With Empire Interacti

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Take-Two Interactive Software Inc. Announces Exclusive Distribution Agreement With Empire Interactive 

LEADING WORLDWIDE CONSOLE AND PC PUBLISHER BRINGS LINEUP TO TAKE-TWO COMPANIES

NEW YORK, May 25, 2000-Take-Two Interactive Software, Inc. (NASDAQ:TTWO), announced today an agreement with Empire Interactive, providing Take-Two with exclusive North American console distribution rights and Take-Two’s TalonSoft subsidiary with exclusive North American PC distribution rights.

The multi-product agreement includes PC and console products, such as Sheep for PC and console, Enemy Engaged RAH-66 Comanche versus KA-52 Hokum for PC, and Speedball 2100 for console. The first titles under this agreement are expected to be released in Summer 2000.

“We are excited to be entering into this partnership with Empire Interactive,” said Take-Two Interactive Vice President of Business Development Jamie Leece. “This agreement adds additional depth to Take Two’s already impressive calendar 2000 schedule.”

“We chose to work with Take-Two because of their undisputed expertise in selling, marketing and distributing computer and video games,” said Empire Interactive’s General Manager Mark Scriven. “I have no doubt that combining Take-Two’s expertise and Empire’s high quality software will produce a winning formula.” 

Empire Interactive is a leading worldwide publisher and developer of interactive product for PC and console systems. With headquarters in London and corporate offices in San Francisco and Munich, Empire Interactive is in its 13th year of business as a leading independent game publisher.

About Take-Two Interactive
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, Sony PlayStation, Nintendo 64, Nintendo Game Boy Color and the Sega Dreamcast. The Company publishes and develops products through various wholly owned subsidiaries including: Gathering of Developers, Broadband Studios, Rockstar Games, Joytech, DMA Design and TalonSoft. The Company maintains a publishing and distribution partnership with, and 19.9% equity interest in, Bungie Software. 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, Stockholm, Copenhagen, Milan and Sydney. The Company recently formed Broadband Studios, Inc. to independently pursue technology and content opportunities within the emerging world of broadband game delivery.

All trademarks and copyrights contained herein are the property of their respective holders.

Safe Harbor Statement under the Private Securities Reform Act of 1995: The statements contained herein, which are not historical facts, 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 successfully integrate the operations and personnel of newly acquired companies; the availability of adequate sources of financing; credit risks; inventory obsolescence; technological change; competitive factors; product returns; failure of retailers to sell-through the Company’s products; and unfavorable general economic conditions, any, or all of which, could have a material adverse effect on the Company’s business, operating results and financial condition. The Company’s actual operating results may vary significantly from such forward-looking statements. Take-Two undertakes no obligation to update forward-looking statements contained within this press release.

Media Contacts: 

Take-Two Interactive Software, Inc.
Bella Wagner (financial media)
Jeff Castaneda (general media)
212-334-6633
212-334-6644 (fax)

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