New York, NY - December 10, 2007 - Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that Gary Dale, previously Chief Operating Officer of the Company's Rockstar Games label, has been named Executive Vice President of Take-Two. In his new role, Mr. Dale is focusing primarily on optimizing the Company's sales and distribution activities, pursuing business development opportunities, and serving as corporate liaison with all of Take-Two's publishing labels.
Mr. Dale had been COO of Rockstar Games since January 2007. He previously served as the European Managing Director of Capcom beginning in 2003. Mr. Dale has a long history of association with Take-Two. From 1994 to 1998, he was President of the Interactive Software and Video Division of BMG Entertainment until Take-Two acquired BMG Interactive in March 1998.
"Gary's depth of experience in the interactive entertainment industry and his long-time association with our Company make him an excellent choice to take on thisnew corporate Executive VP position," said Ben Feder, Chief Executive Officer of Take-Two. "As part of our emphasis on driving profitable growth, we are asking Gary to spearhead our efforts to explore opportunities in emerging areas such as online gaming and casual games, and in promising regions such as Asia/Pacific and Latin America, while also helping to enhance the performance of our sales organization. As corporate liaison to our Rockstar, 2K Games, 2K Sports and 2K Play labels, Gary also will use his expertise to ensure that we take a coordinated approach to building and growing our businesses."
About Take-Two Interactive Software
Headquartered in New York City, Take-Two Interactive Software, Inc. is a global developer, marketer, distributor and publisher of interactive entertainment software games for the PC, PLAYSTATION®3 and PlayStation®2 computer entertainment systems, PSP® (PlayStation®Portable) system, Xbox 360® and Xbox® video game and entertainment systems from Microsoft, Wii™, Nintendo GameCube™, Nintendo DS™ and Game Boy® Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K Games, 2K Sports and 2K Play; and distributes software, hardware and accessories in North America through its Jack of All Games subsidiary. 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 Litigation 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 risks and uncertainties include the matters relating to the Special Committee's investigation of the Company's stock option grants and the restatement of our consolidated financial statements. The investigation and conclusions of the Special Committee may result in claims and proceedings relating to such matters, including previously disclosed shareholder and derivative litigation and actions by the Securities and Exchange Commission and/or other governmental agencies and negative tax or other implications for the Company resulting from any accounting adjustments or other factors. Other important factors are described in the Company's Annual Report on Form10-K for the fiscal year ended October 31, 2006, and in the Company's Form 10-Q for the third quarter ended July 31, 2007 in the section entitled "Risk Factors."
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