ACCLAIM ENTERTAINMENT, INC. ESTABLISHES DEVELOPMENT STUDIO IN MANCHESTER, ENGLAND
Company Acquires Development Teams And Certain Assets Formerly of Software Creations; Enhances Global Development Capabilities And Portfolio Of Next-Gen Software Titles
Acclaim acquired these assets and added approximately 70 employees to its global development resources. The Company has appointed former Software Creations CEO, Paul Hibbard, as General Manager of Acclaim Studios Manchester, who will report directly to John Ma, Executive Vice President of Product Development for Acclaim.
"This acquisition and the subsequent building of our Manchester studio, broadens our global development capabilities to create innovative products that harness the power of the next-generation platforms," said Rod Cousens, President and Chief Operating Officer Acclaim International. "Having worked with many of these talented professionals over the last few years, we have benefited from their proven multi-platform expertise and ability to deliver quality titles on schedule. We're confident that they will continue to enhance our portfolio of products."
"We are pleased to have Paul and his teams join our global development family, and are very excited by their intellectual properties that are currently in development," added John Ma. "Given the opportunity, we also believe that they can play an integral role in building upon some of our key franchises for this hardware cycle and beyond."
Founded in 1987, Software Creations has been a proven software developer since the introduction of the 8-bit hardware platforms and one of Europe's largest independent developers. Perhaps best known as the creative force behind Electronic Arts' FIFA soccer titles, the company has been immersed in the development of proprietary next-generation tools and engines for the past two years, resulting in the seamless, simultaneous support of all hardware platforms.
About Acclaim Entertainment
Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a leading 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 six studios located in the United States and the United Kingdom which includes a motion capture and recording studio in the U.S., and publishes and distributes its software through its subsidiaries in North America, the United Kingdom, 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 from time to time to support its time valued brands, Turok and Shadow Man. 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 http://www.acclaim.com.