AGOURA HILLS, Calif. - October 24, 2007 - THQ Inc. (NASDAQ: THQI) today announced that SpongeBob SquarePants: Underpants Slam! will be one of the first titles in the company's portfolio of games developed specifically for Xbox LIVE® Arcade for the Xbox 360® video game and entertainment system from Microsoft and is expected to release in November. SpongeBob SquarePants: Underpants Slam!, based on Nickelodeon's hit animated series, will mark the network's debut on the Xbox LIVE Arcade. In November, THQ also expects to launch Screwjumper, a new original title, in the company's portfolio of Xbox LIVE Arcade for Xbox 360 games. These titles will be followed by new original titles Elements of Destruction and Rocket Riot. The games will all be available for download via the Xbox LIVE Marketplace for the Xbox 360 video game and entertainment system from Microsoft.
"We view Xbox LIVE Arcade for Xbox 360 as a natural fit for many of our established casual brands, as well as an opportunity to serve up new gaming content," said Bob Aniello, senior vice president of worldwide marketing, THQ. "With more than 20 million units of SpongeBob video games shipped worldwide to-date, we're so excited to bring casual gamers SpongeBob SquarePants: Underpants Slam! on the Xbox LIVE Arcade for Xbox 360, and we look forward to rolling out more titles with a slate of games that offer a variety of options via the popular Arcade network."
"We're excited to add one of our hottest properties to the Xbox LIVE Arcade line up of games," said Steve Youngwood, executive vice president of digital media, Nickelodeon/MTVN Kids and Family Group. "SpongeBob has been a top kids' video game franchise worldwide, making it the perfect property for Nickelodeon and THQ to bring to this downloadable platform."
For more information about SpongeBob SquarePants: Underpants Slam! and the rest of THQ's Xbox LIVE Arcade portfolio, please visit www.thq.com.
About SpongeBob SquarePants: Underpants Slam!
In SpongeBob SquarePants: Underpants Slam!, players will collect Lord of the Sea Neptune's underpants that have been spread across the sea bottom by a powerful storm current. The game features key locations from the series such as the Krusty Krab, the Flying Dutchman's ship and the depths of the new Treasure Room of Atlantis, where players will search for the bronze, silver and gold medallions. Game modes include single-player Quest and Time Trial Modes, as well as multiplayer Slam and Tag Modes. Players will gain special powers from pick-ups that allow movement at super speed, invincibility or the ability to steal pants from other players. SpongeBob SquarePants: Underpants Slam! also features slapstick moves that knock down and slow opponents.
About SpongeBob SquarePants Animated Series
Launched in July 1999, SpongeBob SquarePants has since emerged as a pop culture phenomenon and one of the most popular series in kids' television history. The series is the number-one animated program with Kids 2-11 for six consecutive years, and the Saturday morning play of the series currently ranks as the top-rated program among Kids 2-11. The most widely distributed property in MTV Networks' history, SpongeBob SquarePants is syndicated in 171 markets in 25 languages. SpongeBob SquarePants is among the top-rated kids' shows, across broadcast and cable, in every major television market around the world.
Nickelodeon, in its 28th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in more than 96 million households and has been the number-one-rated basic cable network for 13 consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. (NYSE: VIA, VIA.B).
About Xbox LIVE Arcade
Xbox LIVE Arcade on the Xbox 360 is the premier destination for digitally distributed, high-definition games. Xbox LIVE Arcade is a fast-growing phenomenon with over 60 game titles, 25 million downloads and a diverse library of original development and classic titles from the world's best independent and established developers and publishers. With a dynamically updated library and free trials for every title, Xbox LIVE Arcade makes it easy for every type of gamer - from casual to hard-core - to get instantly immersed in the fun. Xbox LIVE Arcade also lets friends connect and play these incredible games from either the same room or from around the world via the Xbox LIVE online entertainment network.
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 sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, THQ Wireless, Elements of Destruction, Rocket Riot, Screwjumper and their respective logos are trademarks and/or registered trademarks of THQ Inc.
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 Screwjumper, SpongeBob SquarePants: Underpants Slam!, Elements of Destruction and Rocket Riot video games for Xbox LIVE Arcade 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, 2007, 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.