THQ Names Philip Holt Vice President of Product Development.Business/Entertainment Editors & High-Tech Writers CALABASAS HILLS, Calif.--(BUSINESS WIRE)--Oct. 28, 2002 THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters (R)Inc. (Nasdaq:THQI) today announced that it has named Philip Holt vice president of product development. Most recently Vice President of Product Development and Operations at THQ studio Volition vo·li·tion n. 1. The act or an instance of making a conscious choice or decision. 2. A conscious choice or decision. 3. The power or faculty of choosing; the will. , Mr. Holt brings more than 10 years of product development and team management experience to his position at THQ. "The teams Philip built and managed during his tenure at Volition and previously at EA have consistently delivered top-quality product," said Jack Sorensen, executive vice president or worldwide studios, THQ. "He will be instrumental in further strengthening THQ's product development group." As Vice President of Product Development at THQ, Mr. Holt will manage THQ's external development teams in addition to overseeing the Quality Assurance department. His tenure at Volition included the release of the "Freespace 2" for PC, the "Summoner" franchise, as well as the top-selling, critically acclaimed "Red Faction Red Faction is a first-person shooter video game that was released in 2001 for the PlayStation 2, Microsoft Windows, and Macintosh by THQ and Volition. A version for the Nokia N-Gage was developed by Monkeystone Games. " series. Prior to joining Volition in 1998, Mr. Holt served as a development director at Electronic Arts Seattle, working on such hits as "FIFA FIFA International Association Football Federation [French Fédération Internationale de Football Association] FIFA n abbr (= Fédération Internationale de Football Association) → FIFA f : Road To World Cup 98." About THQ THQ Inc. is a leading, worldwide developer and publisher of interactive entertainment software for a variety of hardware platforms Each hardware platform, or CPU family, has a unique machine language. All software presented to the computer for execution must be in the binary coded machine language of that CPU. Following is a list of the major hardware platforms in existence today. See platform. including PC 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). , wireless devices, and those manufactured by Sony Computer Entertainment America Inc., Nintendo and Microsoft. The THQ web site is located at www.thq.com. The THQ Wireless site is located at www.thqwireless.com. This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on current expectations, estimates and projections about THQ's business based, in part, on assumptions made by its management. These statements are not guarantees of THQ's future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including, but not limited to, those described above and the following: changes in demand for THQ's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing and difficulties encountered in the integration of acquired businesses. In addition, such statements could be affected by growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. and market conditions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the interactive software industry and general domestic and international economic conditions. Specific information concerning these and other such factors is contained in the Registration Statement on Form S-3 filed with the Securities and Exchange Commission on August 16, 2002. A copy of this filing may be obtained by contacting THQ or the SEC. The forward-looking statements contained herein speak only as of the date on which they are made, and THQ does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. |
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