Acclaim Entertainment, Inc. and Dave Mirra Resolve Contractual Dispute and Resume Working Partnership

Oct 27, 2003, 00:00 ET from Acclaim Entertainment, Inc.

    GLEN COVE, N.Y., Oct. 27 /PRNewswire-FirstCall/ -- Acclaim Entertainment,
 Inc. (Nasdaq: AKLM), a global video entertainment software developer and
 publisher, today announced that Dave Mirra, the world's premiere BMX athlete
 and the Company have amicably resolved their differences surrounding a
 contract dispute between the parties.  Mr. Mirra's lawsuit against the Company
 was settled with no monetary or other damages being paid by either side, and
 Mr. Mirra will continue, uninterrupted, to be under contract with Acclaim
 until the year 2011.  Additionally, the Company has begun working on the
 development of a new Dave Mirra BMX video game for the next-generation gaming
 systems, details of which will be announced shortly.
     "We are pleased to have amicably resolved this matter with Dave and
 anxiously look forward to resuming our successful working partnership," said
 Rod Cousens, CEO for Acclaim Entertainment, Inc.  "The Dave Mirra brand is the
 #1 BMX brand in the video game industry and we will continue to work with Dave
 to build upon our proven formula for success."
     "I'm glad that this issue is behind us," added Dave Mirra.  "I look
 forward to working with Acclaim and to continue making the best BMX video
 games available for fans of the sport."
 
     About Acclaim Entertainment
     Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a worldwide
 developer, publisher and mass marketer of software for use with interactive
 entertainment game consoles including those manufactured by Nintendo, Sony
 Computer Entertainment and Microsoft Corporation as well as personal computer
 hardware systems.  Acclaim owns and operates five studios located in the
 United States and the United Kingdom, and publishes and distributes its
 software through its subsidiaries in North America, the United Kingdom,
 Australia, Germany, France and Spain.  The Company uses regional distributors
 worldwide.  Acclaim also distributes entertainment software for other
 publishers worldwide, publishes software gaming strategy guides and issues
 "special edition" comic magazines periodically. Acclaim's corporate
 headquarters are in Glen Cove, New York and Acclaim's common stock is publicly
 traded on NASDAQ.SC under the symbol AKLM.  For more information please visit
 our website at www.acclaim.com.
 
     The statements contained in this release, which are not historical facts,
 are "forward-looking statements." Acclaim cautions readers of this press
 release that a number of important factors could cause Acclaim's actual future
 results to differ materially from those expressed in any such forward-looking
 statements. These important factors, including, without limitation, the
 financial strength of the interactive entertainment industry, dependence on
 new product introductions and the ability to maintain the scheduling of such
 introductions, technological changes, dependence on major platform
 manufacturers and other factors that could affect Acclaim, are described in
 Acclaim's Annual Report on Form 10-K for the fiscal year ended March 31, 2003,
 and Acclaim's subsequent Quarterly Reports on Form 10-Q, all of which were
 filed with the United States Securities and Exchange Commission. Readers of
 this press release are referred to such filings.
 
      Financial:                           Media:
      Gerard F. Agoglia                    Alan B. Lewis
      Acclaim Entertainment                Acclaim Entertainment
      (516) 656-5000                       (516) 656-5000
      gagoglia@acclaim.com                 alewis@acclaim.com
 
 

SOURCE Acclaim Entertainment, Inc.;
    GLEN COVE, N.Y., Oct. 27 /PRNewswire-FirstCall/ -- Acclaim Entertainment,
 Inc. (Nasdaq: AKLM), a global video entertainment software developer and
 publisher, today announced that Dave Mirra, the world's premiere BMX athlete
 and the Company have amicably resolved their differences surrounding a
 contract dispute between the parties.  Mr. Mirra's lawsuit against the Company
 was settled with no monetary or other damages being paid by either side, and
 Mr. Mirra will continue, uninterrupted, to be under contract with Acclaim
 until the year 2011.  Additionally, the Company has begun working on the
 development of a new Dave Mirra BMX video game for the next-generation gaming
 systems, details of which will be announced shortly.
     "We are pleased to have amicably resolved this matter with Dave and
 anxiously look forward to resuming our successful working partnership," said
 Rod Cousens, CEO for Acclaim Entertainment, Inc.  "The Dave Mirra brand is the
 #1 BMX brand in the video game industry and we will continue to work with Dave
 to build upon our proven formula for success."
     "I'm glad that this issue is behind us," added Dave Mirra.  "I look
 forward to working with Acclaim and to continue making the best BMX video
 games available for fans of the sport."
 
     About Acclaim Entertainment
     Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a worldwide
 developer, publisher and mass marketer of software for use with interactive
 entertainment game consoles including those manufactured by Nintendo, Sony
 Computer Entertainment and Microsoft Corporation as well as personal computer
 hardware systems.  Acclaim owns and operates five studios located in the
 United States and the United Kingdom, and publishes and distributes its
 software through its subsidiaries in North America, the United Kingdom,
 Australia, Germany, France and Spain.  The Company uses regional distributors
 worldwide.  Acclaim also distributes entertainment software for other
 publishers worldwide, publishes software gaming strategy guides and issues
 "special edition" comic magazines periodically. Acclaim's corporate
 headquarters are in Glen Cove, New York and Acclaim's common stock is publicly
 traded on NASDAQ.SC under the symbol AKLM.  For more information please visit
 our website at www.acclaim.com.
 
     The statements contained in this release, which are not historical facts,
 are "forward-looking statements." Acclaim cautions readers of this press
 release that a number of important factors could cause Acclaim's actual future
 results to differ materially from those expressed in any such forward-looking
 statements. These important factors, including, without limitation, the
 financial strength of the interactive entertainment industry, dependence on
 new product introductions and the ability to maintain the scheduling of such
 introductions, technological changes, dependence on major platform
 manufacturers and other factors that could affect Acclaim, are described in
 Acclaim's Annual Report on Form 10-K for the fiscal year ended March 31, 2003,
 and Acclaim's subsequent Quarterly Reports on Form 10-Q, all of which were
 filed with the United States Securities and Exchange Commission. Readers of
 this press release are referred to such filings.
 
      Financial:                           Media:
      Gerard F. Agoglia                    Alan B. Lewis
      Acclaim Entertainment                Acclaim Entertainment
      (516) 656-5000                       (516) 656-5000
      gagoglia@acclaim.com                 alewis@acclaim.com
 
 SOURCE  Acclaim Entertainment, Inc.;