ACCLAIM ENTERTAINMENT, INC. UNLEASHES NEW VIDEO GAME ACTION HERO ON NEXT-GENERATION SYSTEMS WITH 'VEXX'

Eagerly Anticipated Platform Action Title Combines Fierce Combat, Vast Interactive Environments and Hours of Immersive Puzzles and Game Play

GLEN COVE, NY, February 11, 2003 - Unleashing an exciting new action hero within the popular platform gaming genre, Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM), today announced that it has shipped its eagerly anticipated title, VEXXÔ, for the PlayStation®2 computer entertainment system, XboxÔ video game system from Microsoft and Nintendo GameCubeÔ. Developed by Acclaim's internal development studio in Austin, Texas, VEXX is an original game that allows players to assume the role of the title character as he embarks on a heroic, combat-laden quest to seek vengeance on those that enslaved his people.

"VEXX illustrates our ongoing commitment to creating new intellectual properties that set industry benchmarks and deliver captivating game play experiences for consumers," said Evan Stein, Vice President of Marketing. "With incredible graphics, non-stop combat action and immense levels with puzzles and exploration, VEXX is the premier platform game of 2003."

VEXX has been receiving high praise among the dedicated video game media, who had the following to say about the game:

"...it's a dream come true for hardcore platforming fans." - Game Informer

"Vexx blew me away. Its grand, majestic worlds look like they were born

in some fantasy-writer's dreams." - Electronic Gaming Monthly

"I love the music, the gameplay, universe, and level design and that's an awful lot to love." - Play Magazine

"...the game is very meaty, boasting a ton of exploration..." - PSE2

"The controls are spot on and the levels offer a lot of variety...a solid overall title." - Official Xbox Magazine

"A meticulously crafted and pretty 3D platformer." - GMR

"One of the best PS2 platformers we've seen. Packed full of challenges and well-designed levels, Vexx definitely delivers. Claws and all, Vexx grabs onto you and just doesn't ever let go" - PSM

On the forsaken remains of what was once the proud planet called Astara, the villagers of Rockhaven lead difficult but peaceful lives, until the day the Shadowraith, "Dark Yabu," and his minions swept down from the sky. With terrible ferocity and ruthless efficiency they descended upon the townsfolk, enslaving them to work deep in the caves that surrounded their village. Dark Yabu murdered the grandfather of the young VEXX, who managed to quietly escape aboard the enemy's windship. There, locked deep within Yabu's sanctum, was the last pair of War Talons, which leapt from their chest onto VEXX's outstretched hands, and bonded to his arms and giving him special powers. Prepared to meet his destiny, VEXX embarks upon a heroic quest through volcanic islands, desert temples, frozen citadels, and giant's castles, to confront Dark Yabu high atop the Landspire, save his people, and avenge the death of his grandfather.

VEXX offers an array of exciting features, including:

· 9 extraordinary worlds, spanning tree canopy villages, mysterious caves, desert temples, underwater cities, frozen citadels and more;

· Over 70 player objectives throughout 30-hours of game play;

· Central hub system allows players to travel between worlds at their leisure;

· Free climbing mode allows players to climb uneven surfaces and dangle beneath overhangs;

· Day and night cycles with real-time lighting. Darkness changes the landscape and characters: enemies become more aggressive and the environments become more hostile;

· Ultra-responsive player controls that reacts instantly to player inputs: players can cancel a move midway through and fire off extensive combo attacks;

· Hidden sundials allowing players to change the time of day;

· Advanced environment mapping produce reflections, glows, and highlights on Vexx's metal gloves and knee guards;

· Highly flexible cinematic camera system;

· Epic soundtrack and stunning 3D surround sound effects.

VEXX is currently available for the PlayStation®2 computer entertainment system, XboxÔ video game system from Microsoft and Nintendo GameCubeÔ, each at suggested retail prices of $49.99. For more information about VEXX, please visit www.VEXXthegame.com.