Calabasas Hills, Calif. - May 11, 2005 - Leading independent video game publisher THQ Inc. (NASDAQ: THQI) today announced plans to unveil high-profile upcoming releases for current and next-generation console systems, Windows PC and handheld/wireless devices at the Electronic Entertainment Expo (E3) in Los Angeles from May 18 - May 20.
THQ will showcase titles aimed at core gamers for Microsoft's next-generation Xbox® video game system on the show floor and will be demonstrating several Windows PC exclusive titles including Company of Heroes and Titan Quest. In addition to these never-before-seen core gaming titles, THQ will be featuring three other highly acclaimed original properties, including Juiced, Destroy All Humans!TM and the sequel to its critically acclaimed franchise Full Spectrum WarriorTM.
THQ will also present its current generation system product portfolio geared at the mass market, one of the most expansive in the industry, including Disney Presents a Pixar film The Incredibles: Rise of the Underminer, TakTM: The Great Juju Challenge, SpongeBob SquarePantsTM: Lights, Camera, PANTS!, Scooby-Doo!TM Unmasked and BratzTM: Rock Angelz. These titles and many others will be available for hands-on demonstrations in the THQ booth, #1046, in the South Hall of the Los Angeles Convention Center May 18-20.
"THQ comes to E3 2005 with an extremely diverse and well rounded line-up highlighted by internally developed titles for next generation console systems and sequels to several of our top-selling licensed and original franchises for current generation systems. Titles like Company of Heroes and Warhammer 40,000: Dawn of War - Winter Assault are already winning critical praise from game enthusiast media, furthering our emergence as a leader in the PC space," said Brian Farrell, president and CEO, THQ. "At the same time, our continued dominance of the mass-market segment is evidenced by the strong performance of our market leading licensed brands."
In addition to showing products that will establish their position as a leader in development for the new next-generation Xbox video game system, THQ will also demonstrate their commitment to establishing new brands in the high-end PC marketplace by showcasing a number of Windows PC titles including:
Company of Heroes: Developed by acclaimed internal THQ studio Relic Entertainment, Company of Heroes redefines the RTS genre, delivering a visceral WWII gaming experience and bringing to life the sacrifice of heroic soldiers across war-ravaged, dynamic battlefields. Through a rich single player campaign, players experience the cinematic intensity, courage and bravery of ordinary soldiers thrust into extraordinary events. Players can also compete in 2-8 player multi-play experiences via LAN or internet. Company of Heroes is scheduled to release in 2006.
Titan Quest: Developed by Iron Lore, lead by Age of Empires co-creator Brian Sullivan, Titan Quest is an all-new action RPG set in the mythical worlds of ancient Greece and Egypt. Titan Quest takes players on an epic adventure of good versus evil where they will battle mythical monsters on a journey to save mankind from the Titans, parents of the Olympian gods Zeus and Poseidon, who have escaped captivity and are wreaking havoc on the world. Titan Quest is scheduled to release in 2006.
Warhammer 40,000® Dawn of WarTM - Winter Assault: The highly anticipated expansion pack to internal THQ studio Relic Entertainment's critically acclaimed real-time strategy hit Warhammer 40,000: Dawn of War, features a deeper single-player experience, a brand new fifth race - The Imperial Guard - and even more intense Dawn of War action. Warhammer 40,000: Dawn of War - Winter Assault is based on the world of Warhammer 40,000 - the dark, futuristic, fantasy universe from Games Workshop, and is scheduled to release in fall 2005.
STALKER: Shadow of Chernobyl: Developed by GSC Gameworld, S.T.A.L.K.E.R.: Shadow of Chernobyl is a survival first-person shooter (FPS) that takes place in the "Exclusion Zone" of the Chernobyl nuclear disaster. Utilizing GSC's proprietary X-Ray engine, S.T.A.L.K.E.R.'s Life Simulation System creates a living, adaptive world that provides a unique experience to each player with random generations of events and tasks. S.T.A.L.K.E.R.: Shadow of Chernobyl is scheduled to release in 2006.
In addition, THQ will showcase titles for the huge installed base of current-gen console systems including:
Full Spectrum Warrior: Ten Hammers:
Pandemic Studios' Full Spectrum Warrior: Ten Hammers, sequel to the award winning Full Spectrum Warrior, takes the tactical action genre to the next level, delivering the most innovative and authentic military gaming experience to date. Full Spectrum Warrior: Ten Hammers combines squad-based combat and real-time tactical action, thrusting players into hostile urban war zones in which your team's new mission is to capture and control the northern city of Khardiman, a city besieged by warring factions. Full Spectrum Warrior: Ten Hammers is scheduled to release for the Xbox video game system from Microsoft, PlayStation®2 computer entertainment system and Windows PC in early 2006.
MotoGP 3: The MotoGP franchise has established itself as the definitive motorcycle racing game for the Xbox and PC. MotoGP 3 has taken the thrill of the first two titles and doubled it, extending the franchise beyond the realms of Grand Prix racing through the introduction of street racing in Extreme Mode. Extreme Mode will feature 16 new tracks, 16 new bikes, a currency system and full bike customization. The MotoGP circuit racing will include 17 official MotoGP tracks and 24 official riders. Multiplayer features include up to 16 players online for both Xbox Live and PC. MotoGP 3 is scheduled to release for Xbox and Windows PC this summer.
Juiced: Juiced immerses gamers in the lifestyle and culture of the street racing scene. Showing off modding and driving skills will earn respect from rival crew chiefs, granting players access to high-profile race events where they will bet against other drivers for cash and race them for pink slips. As notoriety grows, players will form racing teams, opening up never-before-seen crew races where managing your drivers is key to beating rival crews. The game's extensive online options include six-player crew racing and pink slip races where someone will lose their car. Juiced is scheduled to release for Xbox, PlayStation 2 and Windows PC on June 13, 2005.
Destroy All Humans!: The plot for world domination by extraterrestrial life begins as developer Pandemic Studios transforms conventional expectations of playing the human defending against an alien invasion to allow them to act as the alien hell bent on infiltrating and taking over all of humanity. Packed with non-stop action, advanced alien weaponry and abilities, and humorous science-fiction mythology, Destroy All Humans! uncovers an open ended world where the player can unleash massive destruction from a UFO or land at any point to walk among humans as the 3rd person alien. Destroy All Humans is scheduled to release for Xbox and PlayStation 2 on June 21, 2005.
Also at E3, THQ highlights its catalog appealing to the mass-market audience by delivering exciting adventures appropriate for gamers of all ages:
Tak: The Great Juju Challenge: With the Tak franchise having shipped more than 2 million units worldwide, Tak is back with another highly anticipated adventure as the top teams from Tak's world come to compete in The Great Juju Challenge. Representing the Pupanunu tribe are Tak and Lok who, for the first time in cooperative gameplay, face great adversity in the form of wild animals and menacing new tribes. This exciting adventure combines unique puzzles, time-based strategies, and a robust combat system allowing players to hone their skills to rise against the toughest competitors and receive the grandest reward ever given by the Great Jujus! Tak: The Great Juju Challenge is scheduled to release for PlayStation 2, Nintendo GameCube, Xbox, Nintendo DS and GameBoy Advance this fall.
SpongeBob SquarePants: Lights, Camera, PANTS!: In the first multiplayer game based on SpongeBob SquarePants, up to four players can engage in classic SpongeBob-style madness. Fans play in both competitive and cooperative gaming environments to win the ultimate chance to become a cast member as one of 10 different character roles in a special episode of "The Adventures of Mermaid Man & Barnacle Boy." SpongeBob SquarePants: Lights, Camera, PANTS! is scheduled to release for PlayStation 2, GameCube, Xbox, Windows PC and GameBoy Advance this fall. An additional SpongeBob SquarePants adventure, SpongeBob SquarePants: The Yellow Avenger, will be available for Sony PSP and DS this fall.
The Incredibles: Rise of the Underminer: Following The Incredibles' defeat of Syndrome in the Walt Disney Pictures presentation of the Pixar Animation Studios film, a new threat emerges beneath the ground with a diabolical plot to pollute the major cities of the world and rule over humanity from below. Fans will be able to pick up from where the film left off and relive the glory days as Mr. Incredible and Frozone, superhero best friends who team up to tackle a new villain, The Underminer. The Incredibles: Rise of the Underminer is scheduled to release for PlayStation 2, GameCube, Xbox, DS, GameBoy Advance, and Windows PC/Mac this fall.
Wireless: THQ Wireless Inc., a subsidiary of THQ, will be also be showcasing a huge line-up of titles that will launch on mobile handsets in the 2005 calendar year, including games and other applications based on Full Spectrum Warrior, Warhammer 40,000, Evil Dead, Destroy All Humans!, MotoGP, Juiced, WWE and MX vs ATV. The company will also offer a sneak peek of NFL Football 2006, the sequel to THQ's highest selling sports title, NFL Football 2005. The full suite of Star Wars-themed products for mobile phones will also be featured at the THQ booth.
THQ's market-leading handheld lineup will include new titles for PSP system, GameBoy Advance and Nintendo DS. These and other titles will be on display at the THQ booth.
About Pandemic Studios:
Pandemic Studios, LLC is a premier developer of entertainment for PlayStation 2, Xbox, GameCube, and the PC. Over the last six years, industry veterans Josh Resnick and Andrew Goldman have built the company into one of the largest independent developers in the world, with studios in Los Angeles, California and in Brisbane, Australia. Pandemic games have won numerous awards and have sold millions of copies worldwide. More information about Pandemic is available at www.pandemicstudios.com.
About Pixar Animation Studios
Pixar Animation Studios combines creative and technical artistry to create original stories in the medium of computer animation. Pixar has created six of the most successful and beloved animated films of all time: Toy Story, A Bug's Life, Toy Story 2, Monsters, Inc., Finding Nemo and The Incredibles. Pixar has won 18 Academy Awards® and its six films have grossed more than $3.2 billion at the worldwide box office to date. The Northern California studio will release its next film, Cars, on June 9, 2006.
About Buena Vista Games
Buena Vista Games, Inc. (BVG) is the interactive entertainment arm of The Walt Disney Company. The division publishes, markets and distributes a broad portfolio of multi-platform video games and interactive entertainment worldwide. The company also licenses properties and works directly with third-party interactive game publishers to bring products for all ages to market. For more information, please log on to www.buenavistagames.com http://www.buenavistagames.com
About Warner Bros. Interactive Entertainment
Warner Bros. Interactive Entertainment Inc., a Warner Bros. Entertainment Company, is a premier licensor and a publisher of entertainment content for the interactive space across all current and future platforms, including consoles, PC-based gaming and wireless applications.
Nickelodeon, which is in its 26th 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 88 million households and has been the number-one-rated basic cable network for more than nine consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom International Inc.
About World Wrestling Entertainment, Inc.
World Wrestling Entertainment, Inc. (NYSE: WWE) is an integrated media and entertainment company headquartered in Stamford, Conn., with offices in New York, Los Angeles, Toronto and London. Additional information on the company can be found at wwe.com and corporate.wwe.com. Information on television ratings and community activities can be found at parents.wwe.com.
About JAKKS Pacific
JAKKS Pacific, Inc. (NASDAQ: JAKK) is a multi-brand company that designs and markets a broad range of toys and leisure products. The product categories include: Action Figures, Arts & Crafts Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush and Dolls. The products are sold under various brand names including Flying Colors®, Road Champs®, Remco®, Child Guidance®, Pentech®, Toymax®, Funnoodle®, Laser ChallengeTM and Go Fly a KiteTM. The Company also participates in a joint venture with THQ Inc. that has exclusive worldwide rights to publish and market World Wrestling Entertainment video® games. For further information, visit www.jakkspacific.com
About Games Workshop
Games Workshop is the world's largest hobby war games company. Based in Nottingham, UK, it designs, manufacturers and distributes its range of Warhammer and Warhammer 40,000 games, miniature soldiers, novels, comics and resin models through more than 296 of its own Hobby centres, mail order, Internet and independent retail channels in more than 50 countries worldwide. Further details on the company can be obtained at www.games-workshop.com
Since the first Bratz dolls made their debut in 2001, the brand has evolved to encompass everything from electronics to fashion clothing. Awards include Best Overall License and Character Brand License of the Year from Licensing Industry Merchandisers Association (LIMA), as well as several Toy of the Year and other awards from Family Fun and the Toy Industry Association (TIA). Available in more than 65 countries, Bratz has become a lifestyle brand and remains a consistent top-seller at retail across numerous product categories. Recently, Bratz made its home entertainment debut, ranking #2 on the VHS and #6 on the DVD charts. The first Bratz feature film is in development and scheduled for release in 2006.
MGA Entertainment, a consumer entertainment products company with headquarters in Los Angeles, California, manufactures innovative lines of proprietary and licensed products, ranging from fashion and mini-dolls to radio-controlled vehicles. Bratz was introduced in June 2001, and has since become one of the world's premier toy lines and girls lifestyle brands. The brand is also noted for having won a Family Fun magazine's Toy of the Year Award three years in a row. With over 200 licenses worldwide, Bratz brings together innovative companies and cutting-edge fashion styles to create exciting new products in apparel, footwear, fashion accessories and so much more. Early this fall, MGA will introduce its first boy's intellectual toy property ALIEN RACERSTM to market.
Xbox (http://www.xbox.com) is the video game system from Microsoft that brings people together for the most exhilarating game and entertainment experiences. Xbox delivers an expansive collection of breakthrough games, powerful hardware and the unified Xbox Live online service. The new tagline, "it's good to play together," captures the spirit of Xbox as the social hub of the new digital entertainment lifestyle. Xbox is now available in North America, Asia, Europe and Australia.
Xbox is a registered trademark of Microsoft Corporation in the United States and/or other countries.
About Relic Entertainment
Founded in 1997 and acquired by THQ in 2004, Relic Entertainment is a leader in the development of innovative real-time strategy games for the PC. Relic's first title, "Homeworld" (1999), was received to widespread acclaim, garnering several "Game of the Year" and "Strategy Game of the Year" awards from major industry publications including PC Gamer and Computer Gaming World. Since then, Relic has released "Homeworld: Cataclysm" (2000, co-developed with Barking Dog Studios), "Impossible Creatures" (2003), and "Homeworld 2" (2003). The studio's most recent release, "Warhammer 40,000: Dawn of War" (2004), won numerous accolades including "Strategy Game of the Year" from Computer Gaming World. Today, Relic is building on this legacy by developing multiple groundbreaking projects in the RTS genre.
Located in Champaign, Illinois, Volition is one of THQ's premier internal game development studios responsible for high-end creations on next generation systems and PC. Its credits include the best-selling The Punisher, Red Faction and Red Faction 2, Summoner, the acclaimed Freespace and Freespace 2, as well as the award-winning Descent and Descent 2 as a part of Parallax Software.
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 in the United States, United Kingdom, France, Germany, Spain, Korea and Australia. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, THQ Wireless, Relic Entertainment, Volition, Inc. and their respective logos are trademarks and/or registered trademarks of THQ Inc.
This press release may contain "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"), and are based upon management's 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 economic, competitive and technological factors affecting the operations, markets, products, and pricing of THQ. 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 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 and Quarterly Reports on Form 10-Q and Annual Report on Form 10-K for the fiscal period ended March 31, 2004, and particularly the discussion of risk factors that may affect results of operations set forth therein.Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.