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BW2133 MAR 22,2001 5:30 PACIFIC 8:30 EASTERN
( BW)(NY-TAKE-TWO-INTERACTIVE)(TTWO) Take-Two Interactive's Oni Confirmed as the Number One Selling PlayStation 2 Computer Entertainment System Title in Europe
Business/Technology Editors
NEW YORK--(BUSINESS WIRE)--March 22, 2001--Take Two Interactive Software, Inc. (NASDAQ:TTWO) announced today that Oni, the critically-acclaimed third-person 3D action adventure game for PlayStation(R)2, was the top-selling title in Europe.
Oni debuted at number one on the ChartTrack UK sales chart upon its initial release on March 9, 2001 and continues its number one ranking according to ChartTrack UK for the week ending March 17, 2001. Oni's extremely successful launch in Europe also resulted in the title taking the number one position in both France and Germany according to Media Control for the week ending March 17, 2001.
Kelly Sumner, Chief Executive Officer, commented, "Oni's success on a global scale has clearly solidified Take-Two's position as a leader on the next-generation platforms and our ability to create dynamic new franchises for the company."
Oni is a third-person 3D action adventure games that blends hand-to-hand with weapons-based combat into a single action experience. One of the primary goals of Oni is to deliver, for the first time, a third-person game where the action is smooth and instantaneous without being simplistic.
About Take-Two Interactive Software 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, PlayStation(R) game console, Nintendo 64, Nintendo Game Boy Color, Sega Dreamcast and the PlayStation(R)2 computer entertainment system. The Company publishes and develops products through various wholly owned subsidiaries including: Rockstar Games, Gathering of Developers, TalonSoft, Joytech, DMA Design, PopTop and under the Take-Two brand name. 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, Vienna, Stockholm, Copenhagen, Milan and Sydney. 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; the ability of the Company to successfully integrate the operations and personnel of newly acquired companies; the availability of adequate sources of financing to fund periodic cash flow shortages; technology development risks; credit risks; seasonal factors; inventory obsolescence; technological change; competitive factors; product returns; failure to develop and release products on a timely basis; failure of retailers to sell-through the Company's products; and unfavorable general economic conditions, any, or all of which, could have a material adverse effect on the Company's business, operating results and financial condition. The Company's actual operating results, may vary significantly from such forward-looking statements. Take-Two undertakes no obligation to update forward-looking statements contained within this press release. "PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc.
CONTACT: TAKE-TWO INTERACTIVE SOFTWARE, INC. Dawn Berrie (Financial/Investor Relations) Jeff Castaneda (media) 212/334-6633; 212/334-6644 or WOLFE AXELROD WEINBERGER ASSOC. LLC Stephen D. Axelrod, CFA Donald C. Weinberger 212/370-4500; 212/370-4505 fax don@wolfeaxelrod.com
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