Acclaim Appoints James Adams Senior Vice President of Sales.Business Editors 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. , N.Y.--(BUSINESS WIRE)--May 9, 2000 Acclaim Entertainment (Nasdaq:AKLM AKLM Acclaim Entertainment, Inc. (stock symbol) ), a leading worldwide interactive entertainment company, today announced that James A. Adams has joined the Company as Senior Vice President of Sales. Mr. Adams will be responsible for sales and distribution and direct marketing of the Company's video games See video game console. , strategy guides, comics and affiliated publishing. Mr. Adams' appointment is effective immediately. "Having held senior sales positions at Hasbro Interactive Hasbro Interactive was a video game production and publishing subsidiary of Hasbro, the large game and toy company. Hasbro Interactive was formed late in 1995 in order to compete in the computer and video game arena. and within the software industry, Jim has an excellent background to lead our sales team," said Greg Fischbach, co-chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Acclaim Entertainment. "Jim has a good mix of both strategic sales and planning, as well as tactical know-how that will be invaluable to Acclaim as we introduce what we believe is one of our strongest product lines in years." Before joining Acclaim, Mr. Adams was Senior Vice President of Americas Sales at Hasbro Interactive, where he was responsible for building sales and distribution capabilities. He managed all retail sales channels as well as Internet/electronic commerce, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and , licensing and direct marketing. Under Mr. Adams sales leadership, Hasbro Interactive became the No. 1 PC game publisher through the penetration of multiple channels and high impact sales programs. Earlier, Mr. Adams was Vice President and General Manager of Navarre Corporation, where he managed all functional areas of the Computer Products Division. High revenue and profit growth lead to a successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in 1993. Prior, Mr. Adams began his long career in interactive software with Clothier - Herold Company representing Apple Computer and Electronic Arts. Acclaim Entertainment Background Information Acclaim Entertainment, Inc. is a leading worldwide developer, publisher and mass marketer of software for use with interactive entertainment platforms including Nintendo, Sony Computer Entertainment and Sega hardware systems, and PCs. Acclaim owns and operates six studios located in the United States and the United Kingdom, and publishes and distributes its software directly in North America, the United Kingdom, Germany, France, Spain and Australia. Acclaim also distributes entertainment software for other publishers worldwide, and publishes comic books and software strategy guides. Acclaim's headquarters are in Glen Cove, New York Glen Cove is a city in Nassau County, New York on the North Shore of Long Island. As of the United States 2000 Census, the city population was 26,622. Part of the early 20th century Gold Coast of the North Shore, Glen Cove has a diverse population. and Acclaim's common stock is publicly traded on NASDAQ under the symbol AKLM. For more information please visit our web site at http://www.acclaim.com. |
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