Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM), a global video entertainment software developer and publisher, today announced that Dave Mirra, the world's premiere BMX athlete and the Company have amicably resolved their differences surrounding a contract dispute between the parties. Mr. Mirra's lawsuit against the Company was settled with no monetary or other damages being paid by either side, and Mr. Mirra will continue, uninterrupted, to be under contract with Acclaim until the year 2011. Additionally, the Company has begun working on the development of a new Dave Mirra BMX video game for the next-generation gaming systems, details of which will be announced shortly.

"We are pleased to have amicably resolved this matter with Dave and anxiously look forward to resuming our successful working partnership," said Rod Cousens, CEO for Acclaim Entertainment, Inc. "The Dave Mirra brand is the #1 BMX brand in the video game industry and we will continue to work with Dave to build upon our proven formula for success."

"I'm glad that this issue is behind us," added Dave Mirra. "I look forward to working with Acclaim and to continue making the best BMX video games available for fans of the sport."

About Acclaim Entertainment
Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a worldwide developer, publisher and mass marketer of software for use with interactive entertainment game consoles including those manufactured by Nintendo, Sony Computer Entertainment and Microsoft Corporation as well as personal computer hardware systems. Acclaim owns and operates five studios located in the United States and the United Kingdom, and publishes and distributes its software through its subsidiaries in North America, the United Kingdom, Australia, Germany, France and Spain. The Company uses regional distributors worldwide. Acclaim also distributes entertainment software for other publishers worldwide, publishes software gaming strategy guides and issues "special edition" comic magazines periodically. Acclaim's corporate headquarters are in Glen Cove, New York and Acclaim's common stock is publicly traded on NASDAQ.SC under the symbol AKLM. For more information please visit our website at www.acclaim.com.

Posted By: Adam Paoli - 107 Reads

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August 20, 2004