Acclaim Entertainment, Inc. Announces Extension of GMAC Credit Agreement
2004年6月24日 - 3:15AM
PRニュース・ワイアー (英語)
Acclaim Entertainment, Inc. Announces Extension of GMAC Credit
Agreement GLEN COVE, N.Y., June 23 /PRNewswire-FirstCall/ --
Acclaim Entertainment, Inc. (NASDAQ:AKLM), today announced that it
has entered into an Extension Agreement with its primary lender
GMAC Commercial Finance LLC ("GMAC"), which amended the Waiver and
Amendment agreement signed by Acclaim and GMAC on May 4,2004. Under
the Extension Agreement, GMAC has agreed to extend, by forty-five
(45) days, the date upon which Acclaim's banking agreement with
GMAC will terminate, from June 20, 2004 to August 4, 2004. The
Company continues to work diligently with its proposed new lender
to close its new banking facility. 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
http://www.acclaim.com/. The statements contained in this release
which are not historical facts are "forward-looking statements."
Acclaim cautions readers of this press release that a number of
important factors could cause Acclaim's actual future results to
differ materially from those expressed in any such forward-looking
statements. These important factors, including, without limitation,
the financial strength of the interactive entertainment industry,
dependence on new product introductions and the ability to maintain
the scheduling of such introductions, technological changes,
dependence on major platform manufacturers and other factors that
could affect Acclaim, are described in Acclaim's Annual Report on
Form 10-K for the fiscal year ended March 31, 2003, and Acclaim's
subsequent Quarterly Reports on Form 10-Q, all of which were filed
with the United States Securities and Exchange Commission. Readers
of this press release are referred to such filings. Contact: Edward
M. Slezak Alan B. Lewis Acclaim Entertainment, Inc. Acclaim
Entertainment, Inc. (516) 656-5000 (516) 656-5000 DATASOURCE:
Acclaim Entertainment, Inc. CONTACT: Edward M. Slezak,
+1-516-656-5000, , Alan B. Lewis, +1-516-656-5000, , both of
Acclaim Entertainment, Inc. Web site: http://www.acclaim.com/
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