Acclaim Entertainment, Inc. Delivers '1-2' Knockout Punch to Game Boy -R- Advance With the Launch of 'Punch King'.

Entertainment Editors

GLEN COVE, N.Y.--(ENTERTAINMENT WIRE)--May 30, 2002

Delivering a mighty 1-2 knockout punch of arcade action and boxing fun, Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM), today announced that it has shipped Punch King for the Game Boy(R) Advance. Punch King was developed by Full Fat, the heralded developer of the Company's debut Game Boy(R) Advance title, Dave Mirra Freestyle BMX(TM) 2.

"Punch King features great arcade boxing action and gameplay, which will appeal to a broad audience," said Evan Stein, Vice President of Brand. "Boxing continues to be very popular among gamers and we're thrilled to add this title to our sports lineup."

Punch King for the Game Boy(R)Advance includes:

-- 12 unique fighters, the most ever in a hand-held boxing game;

-- Individual fighter styles and attributes;

-- Home arenas for each fighter, including individual theme music;

-- Combo punching action, delivering bone-crunching attacks;

-- Color commentary and catch phrases for each fighter;

-- Career Mode, including winning fight purses and purchasing new combos and
special moves to K.O. opponents;

-- Never before seen Survival Mode where you run the through the ultimate
boxing gauntlet to become the Punch King!

Punch King is currently available for the Game Boy(R) Advance at a suggested retail price of $29.99. For more information regarding this title, please visit www.acclaim.com.

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, Spain and Australia. The Company uses regional distributors in Japan and the Pacific Rim. 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.