``WWF With Authority!'' Goes Live!; Online Wrestling Title is Ready for Action at www.wwf.com.

Business Editors

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--Feb. 21, 2001

THQ Inc. (NASDAQ NMS:THQI) and JAKKS Pacific, Inc. (NASDAQ NMS:JAKK) today announced the launch of the new World Wrestling Federation(R) (NYSE:WWF) branded Internet strategy game, "WWF With Authority!(TM)."

Gamers can experience all the action and excitement at www.wwf.com.

"WWF With Authority!" is developed by Genetic Anomalies, THQ's Internet entertainment studio, and is the debut title in THQ's strategy to develop content specifically for online play. This collectible strategy game allows players to enjoy head-to-head matches with World Wrestling Federation fans around the world. Gamers will also have the ability to create and manage custom WWF Superstar playbooks of moves and counter moves, join stables, and create federations.

"WWF fans and online enthusiasts, alike, will appreciate the complex strategy that 'WWF With Authority!' offers," stated Peter Dille, vice president of marketing, THQ. "It's an authentic interactive experience unlike anything else the wrestling genre has seen, as players from across the globe will come together online to layeth the smacketh down."

"We're very excited that Wrestling fans world-wide will now be able to experience the WWF online with an entirely new interactive approach," said Stephen Berman, president and COO, JAKKS Pacific, Inc. "'WWF With Authority!' is the next accomplishment for this highly successful franchise."

"We are committed to keeping our loyal, as well as casual, online fans entertained," said Howard Meltzer, Chief Operating Officer for World Wrestling Federation Entertainment's New Media Division. "Our long standing partnership with THQ and JAKKS Pacific allows us to be at the forefront of today's gaming experience."

Additional "WWF With Authority!" features include a chat room where fans can discuss the game and initiate trades, as well as share insights on the latest World Wrestling Federation news. The World Ranking System features up to date rankings of all the top players with the immediacy that only the Internet can provide. Players can also store their trophies and catalogue their match history in the WWF Locker Room.

JAKKS Pacific is a multi-brand toy company that designs, develops, produces and markets toys and related products under various brand names (including "Flying Colors(R)", "Road Champs(R)", "Remco(R)", "Child Guidance(R)", "Color Club(R)", and "Pentech(R)") in multiple product categories, including: Wheels; Action Figures; Crafts/Activities/Stationery; Infant/Pre-School; Trading Cards/Games; Plush; and Dolls. The Company also participates in a joint venture that has exclusive worldwide rights to publish and market World Wrestling Federation(R) (WWF) video games.

World Wrestling Federation Entertainment, Inc. is an integrated media and entertainment company headquartered in Stamford, Conn., with sale offices in New York City, Chicago and Toronto. The company is an equal partner with NBC in the XFL, a new professional football league. The company can be found online at wwf.com and wwfecorpbiz.com.

THQ Inc. develops, publishes and distributes interactive entertainment software worldwide for a variety of hardware platforms including PC CD-ROM, and those manufactured by Microsoft, Sony, Nintendo, and Sega. The THQ Web site is located at http://www.thq.com.

The statements contained in this release that are not historical facts may be deemed to constitute forward-looking statements. Actual results may differ materially from those projected in such statements due to a number of risks and uncertainties, including, without limitation, demand and competition for the Company's products and other risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission, and as more specifically set forth in our most recent form 8-K filed on Nov. 13, 2000.