Arcade Planet Announces Ageement With Yahoo! to Become First Online Game Content Provider On Yahoo! Games

Business Wire, August 14, 2001

Business Editors and High Tech Writers

LIVERMORE, Calif.--(BUSINESS WIRE)--Aug. 14, 2001

Arcade Planet(R)Inc., designer and marketer of skill-based games and technology to the Internet, today announced an agreement with Yahoo! Inc. (Nasdaq: YHOO), a global Internet communications, commerce and media company, to be the first online game content provider on Yahoo!(R)Games (http://games.yahoo.com).

In addition to the more than 35 free, Java-based classic board, card, and word games available on Yahoo! Games, players can now access Arcade Planet's PrizeGames.com games to experience more than 25 exciting games and true prize offering games.

Ted Keenan, Internet business development manager at Arcade Planet, said, "This agreement brings together Yahoo! Games, one of the largest online game populations in the world, with Arcade Planet's proven game channel experience as an extension of our business strategy."

Matthew Kelly, vice president of marketing at Arcade Planet Inc., said, "We are happy to provide our compelling game content to Yahoo! and pleased to be the first outside game provider for its millions of game players. This is another giant step in our goal to create a long-term successful gaming property on the Internet and provides further validation of our content and prize winning game model."

"Yahoo! Games is committed to providing players with the best gaming experience available," said David Mandelbrot, vice president and general manager, Yahoo! Entertainment. "Now more than ever, consumers are looking to the Internet for family entertainment. We are pleased to work with Arcade Planet because it offers games the whole family can play, and a chance for players to win prizes of their choice."

Arcade Planet Inc.

Arcade Planet designs and markets patented skill-based games to the Internet and traditional entertainment markets. The three original Lazer-Tron founders and Larry Ellison, Chairman and CEO of Oracle Corp. founded Arcade Planet in 1997. The management team of Arcade Planet has more than 100 years of combined skill-based game design experience. In September 2000, the company leveraged its game design expertise to launch PrizeGames.com, a patented, skill-based games Web site where players are guaranteed to win prizes of their choice. In addition, Arcade Planet uses its patented technologies to build online game Web sites for companies that want to increase Web site traffic and/or creatively market existing products, and increase site revenue. Arcade Planet's Lazer-Tron business unit designs and manufactures coin operated ticket redemption and video games that are sold to arcades, family entertainment centers, theme parks and other entertainment venues. Arcade Planet has headquarters in Livermore, Calif. and has more than 75 employees.

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