AKA Acclaim Brings Four-Wheel Arcade Action to PlayStation 2 Computer Entertainment System With 'ATV: Quad Power Racing 2'.

Entertainment Editors

GLEN COVE, N.Y.--(BUSINESS WIRE)--Jan. 14, 2003

Sequel to Top-Selling Franchise Returns With 10 Pro Riders, More Than

40 In-Game Sponsors, Array of Freestyle Tricks and Multiplayer Modes

Racing into retail outlets nationwide with an action-packed sequel to its 700,000 unit-selling franchise, AKA Acclaim, a division of Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM), today announced that it has shipped ATV: Quad Power Racing(TM) 2(TM) for the PlayStation(R)2 computer entertainment system. Developed by Climax Studios, ATV Quad Power Racing 2 features an entirely new game engine that delivers rich graphics and incredible four-wheel arcade racing action.

"ATV: Quad Power Racing is one of our most consistent performing brands, and is perfectly suited for the mass-market gaming audience," said Ben Fischbach, Brand Director for AKA Acclaim. "We're thrilled to launch such a strong sequel that harnesses the power of the next-generation systems, delivers exciting new modes of play and offers hours of off-road entertainment."

ATV: Quad Power Racing 2 includes many exciting new features:

-- 20 insane riders, including the top professional riders from all over the world such as Dana Creech and Kory Ellis;

-- 15 massive tracks and five environments, located in challenging countries throughout the world;

-- Get dirty and physically battle with opponents to the finish line;

-- Over-the-top controls and game physics, allowing players to pull huge air and amazingly fun power slides;

-- More than 20 freestyle tricks to let riders express their wild side while tearing up the competition;

-- Several multi-player modes of play, brings the action to players and their friends;

-- More than 40 real-life in-game sponsors, including O'Neal, EVA and Alpine Stars;

-- Great in-game soundtrack featuring today's top artists such as The Rollins Band, Godsmack and Box Car Racer.

ATV: Quad Power Racing 2 is currently available for the PlayStation(R)2 computer entertainment system at suggested retail price of $29.99. The game will be available next month for the Nintendo GameCube(TM) and Xbox(TM). For more information on this title, please visit www.acclaim.com.

About AKA Acclaim

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(TM) and ATV: Quad Power Racing 2.

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 five 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 periodically. 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 www.acclaim.com.

Nintendo GameCube and the Nintendo GameCube logo are trademarks of Nintendo. (C) 2001.

"PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc.

Xbox is a trademark of Microsoft Corporation in the United States and/or other countries.

The statements contained in this release which 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, including, without limitation, the financial strength of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, technological changes, dependence on major platform manufacturers 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, 2002, 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.