Acclaim Strengthens Internet Position with Appointment of VP, Acclaim Online.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)--Sept. 8, 1999-- Acclaim Entertainment (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) ), a leading worldwide interactive entertainment company, today announced that Ojas Rege, a seasoned Internet, technology and telecommunications strategist, has joined the Company as vice president of its Internet Division, Acclaim Online. The new management hire represents a major step in the implementation of Acclaim's Internet strategy. "As Acclaim asserts itself as a major player in the Internet arena, we are excited to be adding the experience, demonstrated leadership and knowledge that Ojas possesses to our management team," said Gregory Fischbach Gregory Fischbach (known to many as Greg Fischbach) founded video game publisher Acclaim Entertainment, Inc. in 1987 and was its CEO until its bankruptcy in 2004. Mr. Fischbach addressed the United States Senate regarding Internet privacy and ESRB ratings. , 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. and co-founder, Acclaim Entertainment. "This appointment exemplifies our commitment to building a solid e-commerce infrastructure, providing up to the minute information and community support, and becoming the ultimate in gaming portals." Prior to joining Acclaim, Ojas was a key player at Boston Consulting Group (BCG BCG bacille Calmette-Guérin. BCG abbr. 1. bacillus Calmette-Guérin 2. ballistocardiogram BCG, n.pr See bacille Calmette-Guórin. ), a leading management consulting firm. He specialized in the firm's e-commerce, high technology, and telecommunications practices, where he helped Fortune 500 and start-up enterprises build new Internet ventures, design broadband strategies, and implement partnership and pricing models. Prior to BCG, Mr. Rege held positions at Oracle Corporation and Fairchild Semiconductor. "The Internet will dramatically change the gaming experience and the industry as a whole," said Mr. Rege. "Acclaim has the creativity, content and commitment as well as the tools and technology to lead this change. I look forward to working with the Acclaim Online team to take our Internet strategies to the next level." Acclaim Online boasts expertise from the Company's R&D and content creation areas. Already preparing for the future, all of Acclaim's products are developed with Internet connectivity in mind. And, Acclaim.net, the crown jewel Crown jewel A particularly profitable or otherwise particularly valuable corporate unit or asset of a firm. Often used in risk arbitrage. The most desirable entities within a diversified corporation as measured by asset value, earning power, and business prospects; in takeover of this division, has shown considerable growth in the last year. The site currently sees more than one million users per month. Mr. Rege holds a Masters in Business Administration from Stanford University and a Bachelors and Masters of Computer Science and Engineering degrees from the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, . 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 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 visit Acclaim's web site at www.acclaim.net http://www.acclaim.net. |
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