THQ Announces Support for Microsoft's Next-Generation Xbox Video Game Platform
Internal Studios Relic Entertainment and Volition, Inc. Lead Development Efforts
CALABASAS HILLS, Calif., April 18, 2005: THQ (Nasdaq: THQI) today announced support for Microsoft's next-generation Xbox® video game platform. Internal studios Relic Entertainment and Volition, Inc. are leading the company's efforts by developing new, exclusive content for the new system.
"Microsoft's next-generation technology will enable a level of realism never before experienced by gamers," said Jack Sorensen, executive vice president of worldwide studios, THQ. "The teams at Relic and Volition have been working closely with the development team at Microsoft to ensure that our titles utilize the new system to its fullest potential."
About Xbox
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 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.
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 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 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 may include, but are not limited to, statements related to the release of Microsoft's next-generation Xbox videogame system and THQ's intent to develop content for such system. Such statements are based upon management's beliefs and certain assumptions made by management and 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, services 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.