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Acclaim Appoints New North American COO

by Rainier on July 25, 2003 @ 9:00 a.m. PDT

As part of its new global operating plan designed to fuel the Company's future growth, Acclaim Entertainment, Inc. today announced that it has appointed Paul Eibeler as President and Chief Operating Officer of Acclaim North America. Reporting directly to Rod Cousens, Chief Executive Officer for Acclaim, Eibeler will be responsible for overseeing the performance and strategic growth of the company's North American operations, including product development, marketing, sales and manufacturing.

Eibeler, a seasoned interactive entertainment industry executive, most recently served as President and Director of Take-Two Interactive Software, Inc., a position he held since January 2000. During his tenure at Take-Two, the organization grew to become the number two publisher in the interactive entertainment industry.

"We have gone to great lengths to implement new systems to improve the way we design our products, manage our operating expenses and stabilize the organization so that it can attain a stronger position in the marketplace," said Rod Cousens, Chief Executive Officer for Acclaim. "An important part of this process includes strengthening our senior management team, and we are very pleased to have Paul join us and lend his leadership skills and industry-wide credibility to help expedite our improved performance and success."

"I am excited to become part of the new management team," said Paul Eibeler. "I believe that Acclaim has a tremendous opportunity based on its rich history to take advantage of the growth of the interactive software business."

Prior to joining Take-Two, Eibeler was a consultant to Microsoft's Xbox launch team. From 1998 through 1999, he served as Executive Vice President and General Manager of Acclaim North America. Earlier in his career, Eibeler held various executive positions with Impact, Inc., a leading supplier of licensed toys and school supplies. Eibeler received a B.A. degree from Loyola College in 1978.

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