ACCLAIM ENTERTAINMENT, INC.  HAILS HOLIDAY SHOPPERS WITH ‘CRAZY TAXI^™’ FOR NINTENDO GAMECUBE^™

Top-Selling Next-Generation Arcade Game Ships Today

GLEN COVE, NY, November 15, 2001 – Hailing holiday shoppers with its stellar arcade action and gameplay, Acclaim Entertainment, Inc. (NASDAQ: AKLM) today announced that it has shipped its next-generation smash hit, Crazy Taxi, for the Nintendo GameCube^™.  Already one of the Company’s top performing titles this year for the PlayStation^®2 computer entertainment system, Crazy Taxi has been praised by the media and consumers for its addictive fun and replay value.

“Crazy Taxi continues to be one of our strongest titles, which is testimony to its incredible gameplay and mass-market appeal,” said Evan Stein, vice president of Brand for Acclaim.  “We’re thrilled to have Crazy Taxi within our portfolio of launch titles for the Nintendo GameCube^™ and are sure it will continue to captivate gamers.”

Developed by SEGA and converted from the Sega Dreamcast version of the game released earlier this year, Crazy Taxi is a mad race against the clock — and traffic.  As any of four fearless cabbies, players are driven by a single goal:  to rack up the mega-bucks in fares and tips before their shift ends.  Drivers pick up passengers and take them to their destination by any way possible.  It’s a comic cab opera of collisions and decisions where courtesy takes a back seat to coin.  Crazy Taxi offers an array of exciting features, including:

• Four different cabs and drivers, each with their own style and attitude;

• Three intense modes of play, Original, Arcade and Crazy Box;

• Two expansive, interactive courses for extensive game play;

• 16 mini-games to challenge various driving skills;

• True driving dynamics;

• Real life in-game licenses, including Levi’s Tower Records and Pizza Hut;

• Wild, mission-based game play infused with humor;

• Exclusive in-game soundtrack by hit bands Offspring and Bad Religion.

Optimized by Acclaim Studios Cheltenham, Crazy Taxi is currently available for the Nintendo GameCube^™ at a suggested retail price of $49.99.  For more information regarding this title, as well as Acclaim’s entire 2001 holiday season lineup, visit www.acclaim.com.

About Acclaim Entertainment

Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a leading worldwide developer, publisher and mass marketer of software for use with interactive entertainment gaming-consoles including those manufactured by Nintendo, Sony Computer Entertainment and Sega as well as personal computer hardware systems.  Acclaim owns and operates four studios located in the United States and the United Kingdom, and publishes and distributes its software directly in North America, the United Kingdom, Germany, France, Spain, Australia and the Pacific Rim. Acclaim also distributes entertainment software for other publishers worldwide, publishes software gaming strategy guides and issues “special edition” comic magazines from time to time to support its time valued brands, Turok and Shadow Man.  Acclaim’s corporate headquarters are in Glen Cove, New York and Acclaim’s common stock is publicly traded on NASDAQ under the symbol AKLM.  For more information please visit our website at www.acclaim.com.

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