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Technology Stocks : Take Two Interactive Software (TTWO: Nasdaq) taking off! -- Ignore unavailable to you. Want to Upgrade?

To: nigel bates who wrote (147)	7/18/2001 8:57:53 AM
From: JakeStraw	Read Replies (1) \| Respond to of 191

Take-Two Interactive Software, Inc. Announces the Acquistion of Techcorp Limited, a Video Game Accessory Design & Engineering Firm Acquisition Complements Take-Two's Worldwide Accessory Product Line biz.yahoo.com NEW YORK--(BUSINESS WIRE)--July 18, 2001-- Take-Two Interactive Software, Inc. (NASDAQ:TTWO) announced today that it has acquired Techcorp Limited, a Hong Kong based design and engineering company, specializing in computer and video game accessories. Techcorp Limited has been designing and engineering accessories since 1993 and has been the principal supplier of accessories for Take-Two's worldwide accessories business. The acquisition is intended to strengthen Take-Two's already impressive European market share and accelerate the growth and profitability of Take-Two's North American accessories business. Currently, Techcorp designs accessories for all the major platforms, including Sony PlayStation and PlayStation® 2, Nintendo GameBoy and GameBoy Advance, PC and Microsoft's Xbox(TM). ``With the resources and contacts of Take-Two, combined with our design and engineering skills, we expect to become a worldwide force in the game accessory market'', said Peter Yeung, Chief Executive Officer of Techcorp Limited. Lee Guinchard, Vice President of Accessories - Worldwide, stated, ``This acquisition provides a number of very interesting opportunities, including access to the Japanese accessory reseller market, a market which we previously did not address, and enhances our ability to create a major worldwide interactive video game accessory company.'' Kelly Sumner, Chief Executive Officer of Take-Two Interactive Software, Inc., stated, ``Take-Two continues to add to its diversified interactive games group and the design engineering talents that this acquisition brings is a further step in our vertical integration strategy.''