TAKE-TWO
INTERACTIVE SOFTWARE, INC.'S JOYTECH SUBSIDIARY
AND MICROSOFT IMPLEMENT WORLDWIDE COMPATIBILITY
AGREEMENT FOR XBOX VIDEO GAME SYSTEM
Take-Two
Interactive Software, Inc. (NASDAQ:TTWO)
announced today that its Joytech subsidiary has
entered into a worldwide agreement with Microsoft
for the manufacturing and distribution of
compatible third-party branded peripherals for
the revolutionary Xbox(tm) video game system.
Europe's leading
third-party peripherals producer Joytech Europe
has entered into an agreement with Microsoft to
design, manufacture and market compatible
third-party peripherals for the Xbox video game
system.
Under the
agreement, Joytech will produce a full range of
Joytech branded products that will carry the
Xbox(tm) Compatible Logo. The company intends to
begin shipping the compatible peripherals in
North America in winter of 2001 and Europe in
spring of 2002.
Lee Guinchard,
Joytech's Managing Director, said, "This is
an exciting opportunity for Joytech as it will
ensure that we have a full range of highly
innovative products for the launch of the Xbox
system. Our new Xbox line up will allow us to
bring our success story in Europe to the North
American market place. Joytech is committed to
providing high quality innovative peripherals to
the consumer and we look forward to building upon
our successful line with products for the Xbox
video game system."
|
