Initial D PC Game from Tokyopop and ValueSoft

Oct 15th 2003
Please note: Although this Press Release is dated Oct 6th, it was only sent out on Oct 15th and is dated as such in our database.




TOKYOPOP INC. & VALUSOFT SPEED ONTO PC WITH BRAND NEW INITIAL D RACING GAME

2004 Game Release Will Deliver Heart-Pounding Thrill of Initial D Street Racing Action to PC Gamers

LOS ANGELES (October 6, 2003)— Building upon its already impressive Initial D merchandising lineup, TokyoPop Inc. today announced plans for an exclusive licensing agreement with ValuSoft®, a division of THQ® Inc. (NASDAQ: THQI) and leading global publisher and distributor of interactive entertainment software. ValuSoft will transform the street racing adventures of TOKYOPOP's high-speed anime hit Initial D into a fast-paced, driving game for the PC, slated for release in early 2004.

“We are truly excited about the engaging interactive component ValuSoft will add to the Initial D experience,” said Stuart Levy, TOKYOPOP Founder and CEO. “By creating this PC-based game, we're bringing fans even closer to Initial D's intense drifting action by letting them take their own virtual drive through Mount Akina's hairpin curves.”

With a slew of gripping racing games already under its belt—including the top-selling Midnight Outlaw Street Racing series—ValuSoft has established itself as one of America's preeminent software publishers. The company has already begun work on the action-packed Initial D PC game.

“ValuSoft is very pleased to be working with TOKYOPOP on the premier Initial D PC game,” said ValuSoft President Doug Clemmer. “As one of the leaders in the racing genre, we can't wait to bring Initial D's street racing scenes to a whole new level for fans and gamers.”

About TOKYOPOP
TokyoPop Inc. is the leading North American publisher of manga, the fastest growing segment within the publishing industry. With exclusive rights to hundreds of licensed and original book, video and music properties, the company has rapidly become a media convergence leader. TOKYOPOP has millions of books in print and publishes many hit manga series, including Love Hina, Chobits, Rave Master, Initial D, GTO, Battle Royale and Cowboy Bebop. The company pioneered Cine-Manga™, releasing titles such as SpongeBob SquarePants, Lizzie McGuire, Spy Kids 2, Kim Possible and Jackie Chan Adventures. TOKYOPOP television properties include Reign: The Conqueror and the upcoming Rave Master, both airing on Cartoon Network. As a licensor, TOKYOPOP represents merchandising rights for Rave Master, Initial D, Stray Sheep and others. Visit www.TOKYOPOP.com for additional information.

About ValuSoft
ValuSoft, a division of THQ Inc., is a leading global publisher and distributor of consumer-priced software. Based in suburban Minneapolis, MN, ValuSoft markets a wide variety of interactive entertainment and productivity software to the mass-market audience. ValuSoft can be found on the World Wide Web at www.valusoft.com.

About THQ
THQ Inc. (NASDAQ: THQI) is a leading, worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems including the PlayStation2 computer entertainment system from Sony Computer Entertainment, the Xbox videogame system from Microsoft®, Nintendo GameCube™ and Game Boy® Advance, personal computers as well as wireless devices. The THQ web site is located at www.thq.com. The THQ Wireless site is located at www.thqwireless.com.

Contact:
ValuSoft THQ Media Relations THQ Investor Relations
Nicole Yolitz Armstrong Liz Pieri Julie MacMedan
(952) 442-7000 Ext. 122 (818) 871-5061 (818) 871-5095

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 the Initial D game and involve 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 ValuSoft and/or THQ's products, including the Initial D game, 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 transition report on Form 10-KT for the period ended March 31, 2003. 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.

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