AKA Acclaim Unveils Dynamic In-game Music Soundtrack For `BMX XXX'.

Entertainment Editors

GLEN COVE, NY--(BUSINESS WIRE)--October 16, 2002

Controversial Action Sports Game to Feature Today's Top Artists,

Including Green Day, 311, Sublime, N.E.R.D, De La Soul and Motley

Crue

Heightening the immersive gameplay experience of what's sure to be the hottest title for the next-generation consoles this holiday season, AKA Acclaim, a division of Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM), today unveiled the scorching new soundtrack for its November release, BMX XXX(TM). Featuring world-renowned artists including Green Day, 311, Sublime N.E.R.D, De La Soul and Motley Crue, BMX XXX(TM) is the first action sports video game designed specifically for today's mature gaming audience. BMX XXX(TM) has quickly become one of the most talked about and controversial titles for this holiday season. Combining outrageous Hollywood humor and characters, beautiful women from New York's famous Scores club and incredible arcade action, BMX XXX(TM) will deliver an unparalleled interactive entertainment experience.

Consumers have already been given a taste of the BMX XXX(TM) soundtrack on the game's official web site (www.bmxxxx.com) which launched October 1, 2002, on the game trailer featuring `Down' by 311, that has been downloaded from the site by more than 500,000 consumers.

"AKA Acclaim has captured the raw sound that reflects the lifestyle of today's mature gamer," said Ben Fischbach, Senior Brand Manager of AKA Acclaim. "The BMX XXX(TM) soundtrack spans numerous musical genres and complements the game's over-the-top humor and incredible BMX action."

Acclaim's official BMX XXX(TM) in-game music soundtrack includes:

- Green Day - "Basket Case";

- N.E.R.D - "Lapdance";

- 311 - "Down";

- Saliva - "Click, Click, Boom";

- Alien Breed - "Crackling" and "Evil Twin";

- Taking Back Sunday - "Cute without the E";

- Trust Company - "Downfall";

- Motley Crue - "Girls, Girls, Girls";

- Ten Foot Pole - "Plastic" and "Giving Gravity a Hand";

- De La Soul - "The Magic Number";

- New Found Glory - "My Friends Over You";

- KRS One- "Step into a World (Rapture's Delight)";

- Brand New Sin - "SPP" and "Judgement Day";

- Audiovent - "The Energy";

- Eric B and Rakim- "Know the Ledge";

- Large Professor - "Bout that time".

From pedals to pimps, from stunts to strippers, BMX XXX(TM) has consumers abuzz with its envelope-pushing humor and jaw-dropping scenes. Featured on the August cover of Game Informer, the top story on CNN.com and in the pages of The Wall Street Journal, Los Angeles Times, Maxim and Wired, the game will feature thousands of scripted jokes and events created by some of Hollywood's top comedic writers.

BMX XXX(TM) will be available in November across all of the next-generation platforms at suggested retail prices to be determined. For more information on BMX XXX(TM), please visit www.bmxxxx.com. In addition, consumers can pre-order the game at www.ebgames.com or www.gamestop.com, and receive a free BMX XXX(TM) T-shirt.

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), Dave Mirra Freestyle BMX(TM) 3, ATV Quad Power Racing(TM) 2 and Supercross.

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 six 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 from time to time to support its time valued brands, Turok and Shadow Man. 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.

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, 2001, 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.