The following press release has been issued today. The following summary of features are listed in the press release, or could be seen from early screen shots. The final product is very likely to have additional features.

-35 WWF/WCW/ECW Stars

-Hardcore Matches

-Tornado Matches

-Triple Threat Matches

-Hell in the Cell (w00t!)

-Championship Road (rookie-turned Superstar)

-TV-style presentation with true-to-life lighting, pyro, camera flashes, and camera angles

-True Titantron videos and music

-Create-A-Wrestler

-Coming this Summer

THQ and JAKKS Pacific Unveil `WWF Wrestlemania X8' Exclusively for Nintendo Gamecube

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--Jan. 25, 2002--

Next-Generation Nintendo Debut Includes Rising World Wrestling Federation Superstars

THQ Inc. (NASDAQ:THQI) and JAKKS Pacific Inc. (NASDAQ:JAKK) today announced "WWF WrestleMania(R) X8," their latest videogame based on the highly popular World Wrestling Federation(R) (NYSE:WWF) license. Emphasizing simulation-style gameplay, "WWF WrestleMania X8" features all the action, excitement and attitude of the World Wrestling Federation designed exclusively for Nintendo Gamecube(TM).

For the first time ever in a World Wrestling Federation licensed game, "WWF WrestleMania X8" is slated to include rising World Wrestling Federation Superstars such as Rob Van Dam(TM), Booker T(TM) and Lance Storm(TM), making this title the most complete collection of Superstars ever assembled in a video game. "WWF WrestleMania X8" is scheduled to release this summer.

"Since 1999, the THQ/JAKKS Pacific joint venture has sold more than 2 million copies of World Wrestling Federation-branded titles for the Nintendo(R) 64 alone," stated Alison Locke, Executive Vice President, North American Publishing, THQ. "We are very excited to be continuing the strong tradition of World Wrestling Federation games on Nintendo systems with `WWF WrestleMania X8.'"

"`WWF WrestleMania X8' for Gamecube will allow World Wrestling Federation gamers to re-create the action-packed matches from this year's highly anticipated WrestleMania X8 event to be held in March 2002 in Toronto, Canada," stated Nelo Lucich, Director of Interactive, JAKKS Pacific Inc. "We are very confident that Gamecube owners and World Wrestling Federation fans everywhere will appreciate the realism and detail that `WWF WrestleMania X8' delivers."

About "WWF WrestleMania X8"

Developed by Yuke's Co., Ltd. of Japan, "WWF WrestleMania X8" features more than 35 Superstars in multiple match types including hardcore, tornado tag and triple threat matches. A TV-style presentation complete with dynamic lighting effects, pyrotechnics, camera flashes and multiple camera angles brings the action to life as Superstars enter the arena accompanied by signature TitanTron(TM) videos and music. Players can also choose from a variety of settings including appearance, costumes and special moves to create the ultimate grappler in the game's in-depth Create-a-Superstar mode.

New features exclusive to "WWF WrestleMania X8" include Championship Road, where players have the opportunity to take their rookie Superstar up through the ranks pursuing the championship. For the first time on any game system, "WWF WrestleMania X8" is slated to include the complete roster of top Superstars including Booker T, Rob Van Dam and The Hurricane(TM). Each character is personalized with their own unique style and repertoire of finishing moves. These new Superstars, in addition to World Wrestling Federation veterans such as The Rock(R), Stone Cold Steve Austin(TM) and Triple H(TM), give "WWF WrestleMania X8" the finest collection of talent ever assembled in a video game.

For more information about the THQ/JAKKS Pacific World Wrestling Federation videogame franchises and the rest of THQ's 2002 line-up, visit www.thq.com.

About World Wrestling Federation Entertainment Inc.

World Wrestling Federation Entertainment Inc. is an integrated media and entertainment company headquartered in Stamford, Connecticut, with sales offices in New York City, Chicago and Toronto. The company can be found online at wwf.com and wwfecorpbiz.com.

About JAKKS Pacific

JAKKS Pacific is a multi-brand toy company that designs, develops, produces and markets toys and related products under various brand names (including Flying Colors(R), Road Champs(R), Remco(R), Child Guidance(R), Color Club(R) and Pentech(R)) in multiple product categories, including: Wheels; Action Figures; Art/Activities/Stationery; Infant/Pre-School; Writing Instruments; Plush; and Dolls. The Company also participates in a joint venture with THQ Inc. that has exclusive worldwide rights to publish and market World Wrestling Federation(R) video games.

About Yuke's Co., Ltd.

Based in Japan and established in 1993, Yuke's Co., Ltd. is a developer of next-generation console games in which THQ has a minority interest. Yuke's credits include the multimillion-selling "WWF SmackDown!(TM)" franchise.

About THQ

THQ Inc. develops and publishes interactive entertainment software worldwide for a variety of hardware platforms including PC CD-ROM, wireless devices, and those manufactured by Sony, Nintendo and Microsoft. The THQ Web site is located at www.thq.com.

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 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 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 THQ's current report on Form 8-K as filed with the Securities and Exchange Commission on November 21, 2001. 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.