To: Mr. Aloha who wrote (13632 ) 3/13/2000 9:12:00 AM From: Condor Read Replies (1) | Respond to of 14266
(Applies to: THQI SNE) THQ Expands International Presence With New Office in Australia; Martin Good Named General Manager of THQ Australia/New Zealand CALABASAS HILLS, Calif., Mar 13, 2000 (BUSINESS WIRE) -- THQ Inc. (Nasdaq:THQI) today announced the expansion of its international operations with a new office in Melbourne, Australia to directly serve the Australian market. Additionally, THQ announced that Martin Good, formerly of GT Interactive, has been named General Manager of the Melbourne office. THQ will continue to ship product in Australia/New Zealand through its distributors until June 30, 2000. Beginning July 1, 2000, THQ will ship product directly to key accounts. THQ now has international offices in England, Germany, France and Australia. International revenue continues to grow for THQ, representing 24.4% of THQ's total revenue for 1999, up from 13.5% for 1998. "THQ Australia is the next step in our international growth strategy," stated Tim Walsh, vice president of International, THQ. "Our direct relationships in the four largest international markets should increase our margins and our ability to manage our product line." Good's experience includes positions with GT Interactive (GTI), BMG Interactive, New Image Industries and Ansett Australia Airlines. His tenure at GTI included positions as marketing and regional sales manager and most recently, national sales director. He was instrumental in building GTI Australia into one of the leading video game distributors in Australia. "With the high quality and profile of THQ's product line-up this year, the opening of THQ's operation in Australia has been perfectly timed," stated Good. "I am extremely excited to participate in THQ's global expansion and am happy to join such a strong international management team." THQ develops, publishes and distributes interactive entertainment software worldwide for a variety of hardware platforms including PC CD-ROM, and those manufactured by Sega, Nintendo and Sony. The THQ Web site is located at www.thq.com. The statements contained in this release that are not historical facts may be deemed to constitute forward-looking statements. Actual results may differ materially from those projected in such statements due to a number of risks and uncertainties, including, without limitation, demand and competition for the company's products and other risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission. Distributed via COMTEX. Copyright (C) 2000 Business Wire. All rights reserved. -0- CONTACT: THQ/Media Relations Liz Bell Pieri, 818/871-5061 THQ/Investor Relations Mary Nelson Garrett, 818/871-5090 THQ/European PR Manager Asam Ahmad, +44 (0)1483 767656 asam@thq.com KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC EUROPE INDUSTRY KEYWORD: ELECTRONIC GAMES/MULTIMEDIA ENTERTAINMENT HARDWARE SOFTWARE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.