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EXHIBIT 99.1
Friday, May 26, 2000, 4:30 p.m. Eastern Daylight Time
Company Press Release
SOURCE: Interplay Entertainment Corp.
Interplay Reports Nasdaq Listing Qualifications Hearing
IRVINE, California, May 26, 2000 - Interplay Entertainment Corp. (NASDAQ: IPLY)
today reported that it has been notified by Nasdaq that it does not meet certain
criteria for future listing on the Nasdaq Stock Market's National Market. The
Company believes it is in compliance with those criteria, and has appealed
Nasdaq's determination to the Nasdaq Listing Qualifications Panel. A hearing
before the Nasdaq Listing Qualifications Panel is currently scheduled for June
22, 2000. At the hearing the Company plans to provide information supporting
its position that its common stock should continue to be listed on the Nasdaq
Stock Market's National Market. Pending a determination by the Nasdaq Listing
Qualifications Panel after the hearing is completed, Interplay's common stock
will continue to trade on the Nasdaq Stock Market's National Market.
Interplay Entertainment Corp. is a leading developer, publisher and distributor
of interactive entertainment software for both core gamers and the mass market.
Interplay currently balances its development efforts by publishing for personal
computers and current generation video game consoles. Interplay releases
products through Interplay, Shiny Entertainment, Digital Mayhem, Black Isle
Studios, 14 East, its distribution partners and its wholly owned subsidiary
Interplay OEM, Inc. More comprehensive information on Interplay and its products
is available through its worldwide web site at http://www.interplay.com.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:
This release contains forward-looking statements involving risks and
uncertainties that may cause actual future events or results to differ
materially and adversely from those described in the forward-looking statements.
For example, there can be no assurance that the Company's current scheduled
titles will ship in the projected time frame or that they will be as popular as
the Company presently anticipates or that the Company will be able to increase
the number of console titles it releases. Additional important factors that may
cause a difference between projected and actual results for Interplay include,
but are not limited to, future capital requirements, that equity or bank
financing will be available on terms satisfactory to the company or at all,
risks of loss of the Company's listing on the Nasdaq National Market, risks of
delays in development and introduction of new products, dependence on new
product introductions which achieve significant market acceptance and the
uncertainties of consumer preferences, risks of product returns and markdown
allowances, dependence on third party software developers for a significant
portion of new products, risks of rapid technological change and platform
change, intense competition, seasonality, risks of product defects and resulting
returns, dependence upon licenses from third parties, risks associated with,
dependence upon third party distribution, dependence upon key personnel and
risks associated with international business, intellectual property disputes and
other factors discussed in the Company's filings from time to time with the
Securities Exchange Commission,, including but not limited to the Company's
annual reports on Form 10K and the Company's subsequent quarterly filings on
Form 10Q. Interplay disclaims any obligation to revise or update any forward-
looking statement that may be made from time to time by it or on its behalf.
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