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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Andrew C.R. Biddle who wrote (10920)	5/25/1999 9:42:00 AM
From: Nick Brown	Read Replies (1) \| Respond to of 14266

THQ Closes Acquisition of Pacific Coast Power & Light Business Wire - May 25, 1999 08:59 CALABASAS, Calif.--(BUSINESS WIRE)--May 25, 1999--THQ Inc. Nasdaq/NM:THQI) announced today that it has completed its previously announced acquisition of premier game developer Pacific Coast Power & Light Co. (PCP&L), formerly known as Don Traeger Productions, Inc. PCP&L, located in San Jose, Calif., is now a subsidiary of THQ Inc. Industry veterans Don Traeger and Dennis Harper will continue to manage PCP&L as president and vice president of product development, respectively, for the leading high-technology game developer of next- generation consoles. Mr. Traeger and Mr. Harper have each signed five-year employment and non-competition agreements. "Acquiring Pacific Coast Power & Light furthers our strategy by bringing high-quality internal development into THQ," said Brian J. Farrell, president and CEO, THQ Inc. "Led by creative and technology experts Don Traeger and Dennis Harper, PCP&L possesses extraordinary talent and expertise in the development of PlayStation and Nintendo 64 titles, and we look forward to utilizing their unique abilities as we move to future platforms." PCP&L. is an independent game development studio focused on creating select action and sports game titles for high-end computers and leading consoles. The company is based in San Jose and can be reached on the Internet at www.dtproductions.com. THQ Inc. develops, publishes and distributes interactive entertainment software worldwide for a variety of hardware platforms including PC CD-ROM, and those manufactured by Nintendo and Sony. The THQ Web site is located at www.thq.com.