THQ will co-publish three titles based on the popular Sonic the Hedgehog(TM) franchise, including Sonic Pinball Party, Sonic Battle, and Sonic Advance 3, as well as Shining Soul II and Shining Force, across Europe, Australia and other international territories beginning with Sonic Pinball Party in winter 2003.
Tim Walsh, senior vice president of International Publishing, THQ commented, "Our two Sonic-branded releases, Sonic Advance and Sonic Advance 2, enjoyed sales of more than one million units at retail in North America according to NPD TRSTS. We are delighted that our relationship with SEGA has expanded to our international territories."
Mike Sherlock, executive vice president, Sales & Marketing, SEGA Europe Ltd, added, "We are looking forward to working together with THQ for the release of these quality games. Using THQ's unparalleled know-how with the GBA platform will help us to reach our long-term goals in the shortest amount of time. This partnership not only helps us realise our commitment to expand our overseas presence, but also gives us the opportunity to further strengthen the SEGA brand name in the international marketplace."
SEGA Europe Ltd. is the European Publishing arm of Tokyo, Japan-based SEGA Corporation, a worldwide leader in interactive entertainment both inside and outside the home. The company develops, publishes and distributes interactive entertainment software products for a variety of hardware platforms including PC, wireless devices, and those manufactured by Nintendo, Microsoft and Sony Computer Entertainment Europe. SEGA Europe's web site is located at www.sega-europe.com.
THQ Inc. is a leading, worldwide developer and publisher of interactive entertainment software for a variety of hardware platforms including PC CD-ROM, wireless devices, and those manufactured by Sony Computer Entertainment America Inc., Nintendo and Microsoft. The THQ web site is located at www.thq.com. The THQ Wireless site is located at www.thqwireless.com. THQ and its logo are registered trademarks of THQ Inc.
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about THQ's business based, in part, on assumptions made by its management. These statements are not guarantees of THQ's future performance or the performance of Game Boy Advance titles based on SEGA's characters, and involves risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including, but not limited to, those described above and the following: changes in demand for THQ's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing and difficulties encountered in the integration of acquired businesses. In addition, such statements could be affected by growth rates and market conditions relating to the interactive software industry and general domestic and international economic conditions. Specific information concerning these and other such factors is contained in the company's March 31, 2003 Form 10-KT filed with the Securities and Exchange Commission. A copy of this filing may be obtained by contacting THQ or the SEC. The forward-looking statements contained herein speak only as of the date on which they are made, and THQ does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.