<PAGE>
Exhibit 99.1
------------
ACCLAIM ENTERTAINMENT
SECURITIES TO TRADE ON THE NASDAQ SMALLCAP MARKET
GLEN COVE, N.Y. (July 31, 2000) - Acclaim Entertainment, Inc. (Nasdaq: AKLM)
announced today that the Company's common stock will trade on The Nasdaq
SmallCap Market beginning with the open of business August 1, 2000.
Acclaim is a worldwide developer, publisher and mass marketer of software for
use for use interactive entertainment platforms including Nintendo, Sony
Computer Entertainment America and Sega hardware systems and PCs. Acclaim owns
and operates five software development studios located in the U.S. and the U.K.
where it develops its own software, and a motion capture studio in the U.S.
Acclaim distributes its software directly in North America, the U.K., Germany,
France, Spain and Australia. Acclaim also distributes software developed and
published by third parties and develops and publishes strategy guides relating
to its software and comic book magazines. For more information, please visit our
website at http://www.acclaim.com.
