ACCLAIM AND TAITO STRIKE FAR-REACHING LICENSING AGREEMENT.GLEN COVE Glen Cove, city (1990 pop. 24,149), Nassau co., SE N.Y., on the north shore of Long Island, at the entrance to Hempstead Harbor; settled 1668, inc. as a city 1918. , NY--(BUSINESS WIRE)--October 19, 1995--In an ongoing strategic expansion of its software offerings, Acclaim Entertainment, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AKLM AKLM Acclaim Entertainment, Inc. (stock symbol) ) has entered into an agreement with Taito Ltd. whereby Acclaim has obtained the first option to Taito products for all leading home interactive entertainment systems for the Western hemisphere Western Hemisphere Part of Earth comprising North and South America and the surrounding waters. Longitudes 20° W and 160° E are often considered its boundaries. . The first Acclaim/Taito titles, Jupiter Strike for the Sony Playstation Sony Playstation - Playstation and Galactic Attack for the Sega Saturn are scheduled for release in December. "We are excited about our new relationship with Taito as they are a premiere supplier of coin-operated arcade games and a major software publisher in the Japanese marketplace," said Robert Holmes, president of Acclaim. "We plan to bring Taito properties to further prominence as we continue to address the next generation of interactive entertainment players." "We are pleased to establish a relationship with Acclaim and believe our titles will benefit from Acclaim's marketing, sales and distribution strength," said Mr.Seizo Matsutaka, director of Taito. Based in Yokohama, Japan, Taito Corporation is a leading global developer of arcade games as well as software for Nintendo, Sega and Sony systems. Among the company's hit titles are Space Invaders, Operation Wolf, and Bubble Bobble, Bust-A-Move and Chase HQ. The company is publicly traded on the Tokyo Stock exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. . Acclaim Entertainment, Inc. is a leading worldwide publisher of software for Nintendo, Sega, Sony, personal computer and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). hardware systems; and comic books. Acclaim also develops coin-operated arcade and ticket redemption games; and operates blue screen and motion capture studios, as well as A.D.I., a global sales and distribution company for products from a variety of entertainment software publishers, including Digital Pictures, Domark, Interplay, Marvel, Sound Source Interactive and Sunsoft. Acclaim, which also formed a company with Tele-Communications, Inc. for electronically distributed interactive entertainment, is publicly traded on the NASDAQ National Market System under the symbol AKLM. CONTACT: Allyne Mills Dan Harnett 516/656-5000 |
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