THQ Announces Formation Of Incinerator Games
AGOURA HILLS, Calif., July 18, 2006, - THQ Inc (NASDAQ: THQI) today announced the formation of its new development team, Incinerator Games, the latest addition to THQ's growing internal Studio System. Based in Carlsbad, Calif., Incinerator is comprised of veterans of the Twisted Metal, NFL GameDay and MLB 2006: The Show projects from Sony's 989 studios, as well as the Midnight Club franchise from Rockstar. Incinerator is primarily focused on development for next generation consoles.
"The addition of Incinerator Games is another example of our dedication to enhance and expand our internal development capabilities," said Jack Sorensen, executive vice president of worldwide studios, THQ. "We're really excited to see the Incinerator team begin to bring its own ideas for next generation development to THQ."
Incinerator is currently working on next-generation console versions of Disney/Pixar's latest blockbuster "Cars". The game is scheduled for release on the Xbox 360 video game and entertainment system from Microsoft and Nintendo® Wii this fall. The team is also working on future projects for next generation systems.
About THQ
THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers and wireless devices. Headquartered in Los Angeles County, California, THQ is a top producer of original intellectual properties including titles such as Destroy All Humans!, Juiced and Titan Quest® as well as the upcoming Saints Row and Company of Heroes. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, Incinerator Games, THQ Wireless, Company of Heroes, Destroy All Humans!, Juiced, Saints Row, Titan Quest and their respective logos are trademarks and/or registered trademarks of THQ Inc.
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The statements contained in this press release that are not historical facts may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as "THQ"), including, but not limited to, expectations and projections related to the capabilities of Incinerator Games, and are based upon management's current beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, business, competitive, economic, legal, political and technological factors affecting our industry, operations, markets, products or pricing. Readers should carefully review the risk factors and the information that could materially affect THQ's financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and Annual Report on Form 10-K for the fiscal period ended March 31, 2006, and particularly the discussion of risk factors set forth therein. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.