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Music industry leader Al Teller tapped for GT Interactive board of directors.

NEW YORK--(BUSINESS WIRE)--Nov. 26, 1996--Music industry leader Al Teller has joined the Board of Directors of GT Interactive Software Corp. (NASDAQ: GTIS), a leading global interactive software company. Teller is co-chairman, president and chief executive officer of Alliance Entertainment, the nation's largest full-service distributor of music and music- related products.

"We are extremely pleased to have someone of Al Teller's stature join our Board of Directors," said Ron Chaimowitz, president and chief executive officer of GT Interactive. "Al's tremendous insight and success in leading the music industry's top entertainment companies to the forefront of that business will be invaluable as we continue to grow GT Interactive as a leader in interactive entertainment."

"In just a few years, GT Interactive has grown into a powerful force in interactive entertainment software publishing," said Teller. "I am pleased to be involved with such a dynamic company and in helping guide its ascent to an even stronger position in the global market."

Teller became co-chairman of Alliance upon its acquisition earlier this year of Red Ant Entertainment, a music industry enterprise Teller launched.

Prior to Alliance, as chairman and CEO of the MCA Music Entertainment Group as well as executive vice president of MCA, Inc., Teller turned The Music Group into the most profitable company under the MCA banner. During his tenure, he acquired both Geffen and GRP Records and established MCA Music Entertainment Group as a worldwide force in the music business. Teller oversaw one of the largest international expansions ever undertaken by a record company, opening offices in 25 countries in a two-year period.

Having served as president of CBS Records, Columbia Records and United Artist Records, Teller has guided the careers of many world-class artists including Bruce Springsteen, Billy Joel, Elton John, Reba McEntire, Tom Petty, Bobby Brown, Wynonna Judd, Vince Gill and George Michael.

Teller has served on the Board of Directors and Executive Committee of the Recording Industry Association of America and the Board of the International Federation of Phonogram and Videogram Producers as well as acted as a Board Member and Trustee of The Rock and Roll Hall of Fame.

Headquartered in New York, with offices in London, San Francisco, Minneapolis, Phoenix and Seattle, GT Interactive Software Corp. is a leader in consumer software and publishes interactive entertainment, edutainment and reference software for IBM-compatible and Macintosh computers as well as 32- and 64-bit gaming systems. Among GT Interactive's best-selling titles are Duke Nukem 3D and Doom II. Located at www.gtinteractive.com on the World Wide Web, GT Interactive is publicly traded on the NASDAQ National Market System under the symbol GTIS.

CONTACT: (media) (investors)

Allyne Mills Dawn Berrie

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Publication:Business Wire
Date:Nov 26, 1996
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