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Take-Two Interactive Software, Inc. Acquires Exclusive Rights to Publish PlayStation 2 Computer Entertainment System Game Based On the Duke Nukem Franchise From 3D Realms.

NEW YORK--(BUSINESS WIRE)--Nov. 22, 1999 --

Duke Nukem Products Have Grossed More Than US$140,000,000 in

Worldwide Wholesale Revenues

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced today that it acquired the exclusive worldwide rights to publish a game based on the popular Duke Nukem franchise from 3D Realms Entertainment, a division of Apogee Software, Ltd., for the PlayStation (R) 2 computer entertainment system.

Concurrently, Take-Two entered into a development agreement with n-Space, Inc., the developer of Duke Nukem: Time to Kill for the PlayStation (R) computer entertainment system. Take-Two expects to release a title based on the enlarging set of characters from the Duke Nukem franchise for the PlayStation (R) 2 computer entertainment system. Take-Two also has several other key titles in development for the PlayStation (R) 2 computer entertainment system.

Since being introduced in 1991, Duke Nukem products have sold more than four million units, making the Duke Nukem series one of the most popular brands in the entire game industry.

Ryan Brant, Chief Executive Officer, said, "Take-Two and Rockstar welcome the opportunity to continue the tradition of Duke Nukem. We believe that the addition of titles based on the Duke Nukem franchise to our portfolio strongly positions Take-Two and RockStar as premier content publishers for next generation platforms."

Scott Miller, head of Apogee, said, "Rockstar, like us, wants to break the rules and make a Duke console game that's as successful and innovative as the Duke PC titles. This takes real talent and commitment, and between Rockstar, Take-Two and n-Space I have no doubts about it happening."

Duke Nukem, while rearranging the cigar between his teeth, also had a few brief words: "Rockstar rocks. Hail to the king, baby."

Headquartered in New York City, Take-Two Interactive Software, Inc. is an integrated global developer, marketer, distributor, and publisher of interactive entertainment software games and accessories for the PC, Sony PlayStation, Nintendo 64, Nintendo Game Boy Color and the Sega Dreamcast. The Company publishes and develops products through various wholly owned subsidiaries including: Rockstar Games, TalonSoft, Joytech and DMA Design. The Company maintains a publishing and distribution partnership with, and 19.9% equity interest in, both Gathering of Developers and Bungie Software. The Company's Jack of All Games value added distribution arm maintains sales and marketing offices in Cincinnati, New York, Toronto, London, Paris, Munich, Oslo, Stockholm, Copenhagen, Milan and Sydney. The Company owns and operates, an Internet retailer of DVD movies.

All trademarks and copyrights contained herein are the property of their respective holders.

Safe Harbor Statement under the Private Securities Reform Act of 1995: The statements contained herein which are not historical facts are forward-looking statements that involve risks and uncertainties including, but not limited to, risks associated with the Company's future growth and operating results, credit risks, inventory obsolescence, technological change, competitive factors, product returns, failure of retailers to sell-through the Company's products, and unfavorable general economic conditions. Actual results may vary significantly from such forward-looking statements (including the Company's current operating results). Take-Two undertakes no obligation to update forward-looking statements contained within this press release.
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Publication:Business Wire
Geographic Code:1USA
Date:Nov 22, 1999
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