New York – February 23, 2005 – 2K Games, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), today announced that it has signed an agreement with Empire Interactive to distribute Ford Racing 3 for the PlayStationÂ®2 computer entertainment system, XboxÂ® video game system from Microsoft, and PC in North America. The first two titles of the Ford Racing series, which were also distributed by Take-Two, sold over 1 million units in North America.
Ford Racing 3 features 55 beautifully detailed Ford automobiles, including Ford GTs, Thunderbirds, concept and SVT vehicles, Mustangs and trucks; 26 detailed tracks with interactive scenery; 11 different race types and support for online play on Xbox Live; LAN and online play for PC and head-to-head split screen on PS2 and Xbox.
Ford Racing 3 will be released in North America in March 2005 for a suggested retail price of $14.99. Ford Racing 3 is developed by Empire Interactive under license by Ford Motor Company. For more information please visit its official web site at http://www.fordracing3.com/.
About Take-Two Interactive Software
Headquartered in New York City, Take-Two Interactive Software, Inc. is an integrated global developer, marketer, distributor and publisher of interactive entertainment software games and accessories for the PC, PlayStation(R) game console, PlayStation(R)2 computer entertainment system, PSP™ handheld entertainment system, Xbox(R), Nintendo GameCube(TM) and Game Boy(R) Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K Games and Global Star Software; and distributes products in North America through its Jack of All Games subsidiary. Take-Two also manufactures and markets video game accessories in Europe, North America and the Asia Pacific region through its Joytech subsidiary. The Company maintains sales and marketing offices in Cincinnati, New York, Toronto, London, Paris, Munich, Madrid, Vienna, Milan, Sydney, Breda (Netherlands) and Auckland. Take-Two's common stock is publicly traded on NASDAQ under the symbol TTWO.
For more corporate and product information please visit our website at www.take2games.com.
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Safe Harbor Statement under the Private Securities Reform Act of 1995: This press release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of factors. These important factors are described in the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2004 in the section entitled "Risk Factors".