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Technology Stocks : GTIS - Will it be a Phoenix or not ? -- Ignore unavailable to you. Want to Upgrade?

To: buckeye3d who wrote (1244)	12/3/1997 10:46:00 AM
From: Coy Lynn Gullett	Read Replies (1) \| Respond to of 2319

GT Interactive Secures Top Market Share Positions NEW YORK-- Software Publisher Takes Number One Spot in Games Software; Continues to Pull Number One Share in Value Software for Year-to-Date In a continuing show of market share strength, GT Interactive Software Corp. (NASDAQ: GTIS) has secured the number one market share position in Games software (units sold) while maintaining its number one position in Value software (units sold/dollars) for the year-to-date, according to PC Data's October reports. In addition, two GT Interactive titles performed among the top 20 best-sellers (units), including Total Annihilation, an award- winning real-time strategy game developed by Cavedog Entertainment; and Deer Hunter, an internally developed game from WizardWorks, the company's value-priced division. "We are pleased to achieve the number one position in game units sold, outpacing such competitors as CUC and Electronic Arts," said Ron Chaimowitz, president and chief executive officer of GT Interactive. "Likewise, we continue to hold our leadership position in the value software category, testimony to both the growing mass market for lower-priced software and our ability to create compelling experiences at palatable price points." For the month of October, GT Interactive was the number one publisher in the Games category (units sold) and was the number one publisher in the Budget/Value-priced software category (units sold, dollars). This marks the tenth consecutive month that GT Interactive has achieved the number one position in Value software. Headquartered in NY, GT Interactive Software Corp. is a leading global publisher of interactive entertainment and edutainment under the GT Interactive, Humongous Entertainment, Cavedog Entertainment, SingleTrac and MacSoft brands for personal computers as well as video game systems from Sony and Nintendo.. A leader in value-priced software under the WizardWorks, CompuWorks and Slash brands, GT Interactive operates development studios in Seattle, Salt Lake City and San Luis Obispo, CA. Located at gtinteractive.com on the World Wide Web, GT Interactive is publicly traded on the NASDAQ National Market System under the symbol GTIS. CONTACT: (investors) Dawn Berrie 212/726-4235 or (media) Allyne Mills 212/726-4202 Coy