Acclaim to create video game based on 'The Red Star'

[The Red Star]GLEN COVE, NY, June 10, 2003 – Expanding its diverse portfolio of licensed entertainment properties, Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM), today announced that it has signed an exclusive agreement with Archangel Studios to develop video games based upon its award-winning, computer-generated comic series, The Red Star. Currently under development with Acclaim Studios Austin for the next-generation gaming systems, The Red Star takes place in a parallel fantasy universe, in which a mythic empire based on the Soviet Union sets the landscape for an epic battle of militarized sorcery and monolithic technology.

"The Red Star is an incredible futuristic allegory, that utilizes a very distinct artistic style to bring its characters and stories to life," said Barry Jafrato, Senior Vice President of Studios for Acclaim. "We're thrilled to be working with Archangel Studios and are eagerly looking forward to immersing gamers throughout the world in the compelling universe of The Red Star."

Christian Gossett, creator of The Red Star, was quite proud of his startup company's tenacity in a market dominated by the two major publishers, saying "The Red Star is a rare reading experience in today's comics market, and it is an even more rare achievement for an independently published comics series to be adapted into videogame form. We couldn't be more excited to be working with Acclaim as we enter this brand new phase of our company's growth."

About The Red Star

Over the course of several generations, the once mighty empire known as The United Republics of The Red Star (U.R.R.S.) slaughtered millions of its own people by the order of a single man. This man was their leader, Imbohl; a mighty sorcerer whose insanity turned his people's Utopian dreams into a nightmarish scheme driven by the desire to forge his own immortality. Haunted by the ghosts of their nation's tragic past, the Heroes of the Red Star, at the battle of Kar Dathra's Gate, discover the true nature of their people's struggle, abandon their duties as soldiers of the Red Fleet, and embark upon a quest to liberate their people from Imbohl's dark legacy.

The Red Star was inspired by the writings and works of one of the twentieth century's most influential group of artists, the Soviet Avant Garde. The series, which was nominated for five Eisner Awards in its first two years of publication, combines computer animation and digital painting, with the art of Christian Gossett, who was voted one of the top artists in the United States by Wizard Magazine.


The Red Star will be available in 2004 across the next-generation systems at suggested retail prices to be determined. For more information on this game, please visit www.acclaim.com.

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.

About Archangel Studios

Based in North Hollywood, CA., Archangel Studios publishes internationally in the sequential art medium. It is primarily known as the home of Christian Gossett's post-Soviet epic, The Red Star, a high-fantasy mythology of the Cold War. The Red Star has been translated into six languages, and is fast becoming one of the most critically acclaimed fables based on the tumultuous events of the 20th Century. Gossett is known as having designed the now famous 'Double-Edged Lightsaber' first revealed to the world as the weapon of Darth Maul in George Lucas' 'THE PHANTOM MENACE.' For more information please visit our website at www.theredstar.com.

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