Acclaim Intends to Terminate Agreement to Acquire Lazer-Tron.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)--July 19, 1995--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) ) today announced that it intends to terminate its agreement for Acclaim to acquire the outstanding shares of Lazer-Tron Corp. (NASDAQ:LZTN) as a result of the failure of certain of Acclaim's closing conditions to be satisfied by Lazer-Tron. Lazer-Tron has indicated that it disputes Acclaim's right to terminate the agreement. Acclaim Entertainment Inc., with offices in Canada, France, Germany, Japan, Spain and the United Kingdom, is a leading worldwide publisher of: software and peripherals 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; coin-operated arcade games You can also check the Killer List of Videogames. This is a list of arcade games organized alphabetically by name. It does not include computer or console games unless they were also released in video arcades. See Lists of video games for related lists. ; and comic books under the Valiant, Armada and Windjammer imprints. Acclaim also operates blue screen and motion capture studios, and A.D.I., a global sales and distribution company for products from a variety of entertainment software publishers, including Acclaim, Digital Pictures and Marvel. Acclaim which recently formed a new company with Tele-Communications Inc. for electronically distributed interactive entertainment, is publicly traded on the NASDAQ National Market System under the symbol AKLM. CONTACT: Acclaim Entertainment Inc. Financial: Anthony Williams Dawn Berrie Media: Allyne Mills 516/656-5000 |
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