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THQ Announces New Product Development Appointments

Business Wire, Jan 23, 2008

Industry Veterans Danny Bilson and Roy Tessler to Help Drive New IP Creation and Product Quality Initiatives in THQ's Studios

AGOURA HILLS, Calif. -- THQ Inc. (NASDAQ: THQI) today announced the appointment of two executives to newly created product development positions to help drive new intellectual property creation and product quality initiatives inside the company's studios.

"We have built a tremendous studio system to support our strategy of creating new franchises based on owned intellectual properties," said Jack Sorensen, executive vice president, worldwide studios. "With the addition of Danny and Roy, we are significantly enhancing our studio management infrastructure. Roy's strong project management experience will heighten our focus on our production processes, while Danny brings a wealth of creative experience that will be brought to bear on the production values of our titles."

Danny Bilson has been named vice president, creative development, worldwide studios. He brings to this role more than 20 years of writing, directing and creative development for all major entertainment mediums, including video games, film, television and comic books. As vice president of intellectual property development and creative director for Electronic Arts' worldwide studios, he played a key creative role in The Sims[TM], Medal of Honor[TM] and Harry Potter[TM] franchises, among others.

Roy Tessler has been named vice president, production, worldwide studios. Tessler joined THQ five years ago, first as general manager and co-founder of THQ's Studio Australia, where he oversaw that studio's growth to 70 employees in three years. Most recently, he served as general manager of Rainbow Studios, which recently developed the hit titles MX vs. ATV Untamed and Cars 2: Mater-National. Prior to joining THQ, Tessler held project management, studio systems and quality assurance roles for leading entertainment and technology companies, including Electronic Arts, Oracle and Informix.

About THQ

THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers and wireless devices. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, THQ Wireless, Rainbow Studios, MX vs. ATV Untamed and their respective logos are trademarks and/or registered trademarks of THQ Inc.

The statements contained in this press release that are not historical facts may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as "THQ"), including, but not limited to, the company's expectations to create new franchises that are well received by consumers, and are based upon management's current beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, business, competitive, economic, legal, political and technological factors affecting our industry, operations, markets, products or pricing. Readers should carefully review the risk factors and the information that could materially affect THQ's financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and Annual Report on Form 10-K for the fiscal period ended March 31, 2007, and particularly the discussion of risk factors set forth therein. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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