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To: pmartinez who wrote (8779)	4/20/1998 11:23:00 AM
From: TokyoMex	Respond to of 34592

THQ Signs Deal to Acquire GameFX Inc CALABASAS, Calif.--(BUSINESS WIRE)--April 20, 1998--THQ Inc. (Nasdaq/NM:THQI) Monday announced that it has signed a definitive agreement to acquire GameFX Inc., an applied technology company focused on the development of interactive entertainment software utilizing proprietary 3-D acceleration technology. Consideration for the transaction is approximately 250,000 shares of THQ common stock plus $600,000 in cash. The deal is subject to approval by the board of directors of THQ and is scheduled to close within thirty days. GameFX, located in Arlington, Mass. -- a part of Boston's high-tech community -- is currently developing a proprietary product for the PC which is scheduled to be published by THQ in late 1998 or early 1999. The game showcases 3-D accelerated graphics rendered in real-time that are visually stunning, and a storyline and gameplay featuring combat in space utilizing fantastic ships and weapons. GameFX has been featured in Next Generation magazine and Game Developer magazine. C. Noah Davis, president of GameFX, will continue to run the GameFX studio, and will be named chief technology officer of THQ. Davis currently is on the Technology Advisory Board of 3Dfx Interactive Inc., a leading 3-D chip technology company, and serves as an adviser to Intel Corp. on matters of 3-D technology and interactive entertainment. "GameFX fills two key strategic goals for THQ, giving us ownership of a core technology in 3-D acceleration and a team of developers capable of making cutting-edge products at the high end of the PC game market," said Brian J. Farrell, president and CEO, THQ. "The GameFX team should contribute greatly to THQ in both the PC market and the next generation of game consoles." "Teaming up with THQ is a big win for both of us," said Davis. "Utilizing our expertise in the design of 3-D accelerated games, we at GameFX hope to contribute significantly to THQ's efforts not only in the PC games market but also for innovative research and design for applying 3-D acceleration to interactive entertainment." "The future of games is in the innovative implementation of 3-D acceleration technology, and GameFX is clearly a leader in that effort," said Greg Ballard, president and CEO, 3Dfx. "As an investor in GameFX, we recognized early-on that these guys understood the unique requirements of designing for 3-D acceleration and we have enthusiastically supported their efforts. Their technical and design expertise teamed with THQ's licensing, marketing and publishing strength is a big plus for both of them as well as the industry." THQ is a leading developer, publisher and distributor of interactive entertainment software worldwide for a variety of hardware platforms including PC CD-ROM, and those manufactured by Nintendo, Sony and Sega. THQ has headquarters in Calabasas, and is publicly traded on Nasdaq under the symbol THQI. The THQ Web site is located at www.thq.com. --30--ECQ/la* L/la CONTACT: THQ Inc., Calabasas Mark Ellermeyer, 818/223-3135 (media)