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3DO Will Ship First PlayStation 2 Game Dec 19

Christmas has arrived early for The 3DO Company! The Company today announced that the World Destruction League: Thunder Tanks game for PlayStation 2 computer entertainment system has been approved for manufacture and will ship to retailers on December 19, 2000, with the next title -- and several more -- to follow soon.
AquaAqua, developed by Zed Two, Ltd. and currently shipping in Asia and Europe, will be 3DO's second title for the PlayStation 2 console. AquaAqua, an addictive, fast action, 3D puzzle game of strategy and control set in a liquid landscape, has been completed and submitted to Sony Computer Entertainment of America for approval. 3DO hopes to release the game this month.

"With the release of World Destruction League: Thunder Tanks and AquaAqua we will reach our goal of shipping our first two PlayStation 2 games this quarter," said Trip Hawkins, chairman and CEO of The 3DO Company. "We currently have an additional eight PlayStation 2 titles under development. We had originally hoped that a few of these games might also make the quarter. Given the current installed base of hardware consoles and the long-term brand and sales upside for the company, we have delayed shipment of two PlayStation 2 games into the fiscal fourth quarter to make sure that we deliver a superior game experience to our customers. As a result of the timing of these releases, 3DO expects revenue in the third fiscal quarter ending in December to be down 25 - 30% from last year, while 4th quarter results are expected to be significantly higher than last year's in both revenue and profits.

"We remain confident in our ability to be the second company to release 10 games for the PlayStation 2 console in the United States, a goal 3DO hopes to accomplish by the spring of 2001," continued Hawkins. "As a software company, this is the start of something we expect to be very big for 3DO. This is our first opportunity to be in on the ground floor as a major supplier for a major video game platform. And it doesn't get any better than the PlayStation 2."

3DO's planned lineup for release on the PlayStation 2 console through the spring of 2001 includes 10 titles in 5 brands: World Destruction League: Thunder Tanks, AquaAqua, Warriors of Might and Magic, Army Men: Air Attack 2, Army Men - Sarge's Heroes 2, High Heat Baseball, Army Men Green Rogue, Portal Runner, Heroes of Might and Magic, and World Destruction League: War Jetz.

The 3DO Company, headquartered in Redwood City, Calif., develops, publishes, and distributes interactive entertainment software for personal computers, the Internet, and advanced entertainment systems such as the PlayStation game console and the Nintendo 64 game system, and is a licensed publisher of software products compatible with the PlayStation 2 computer entertainment system. 3DO markets and publishes its products worldwide under multiple brand names including Army Men, Heroes, High Heat Baseball, Might and Magic, Vegas Games, and World Destruction League. More information about 3DO's products can be found at www.3do.com.

Source: 3DO Company
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