Take-Two Interactive Software, Inc. to Relocate QA Testing Studio to Downtown Las Vegas

  Take-Two Interactive Software, Inc. to Relocate QA Testing Studio to
  Downtown Las Vegas

    2K publishing label working on deal to move facility from Northridge,
       California by early 2013 to support ongoing growth and expansion

Business Wire

NEW YORK -- November 07, 2012

As part of its ongoing initiatives to enhance its operating efficiencies and
infrastructure, Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today
announced that its wholly-owned 2K publishing label is working on a deal to
relocate its 2K West QA Testing studio from Northridge, California to downtown
Las Vegas, Nevada. The move, which will be made possible through partnerships
with both the State of Nevada and the City of Las Vegas, is expected to be
completed by early 2013 and will enable the label that is renowned for
creating some of today’s most critically and commercially successful
interactive entertainment experiences, including the recent releases of NBA
2K13, Borderlands 2 and XCOM: Enemy Unknown, to support its continued growth.

“2K is continually evaluating its expanding needs for future growth,” said
David Ismailer, chief operating officer for 2K. “As part of that evaluation,
2K has been considering options for its 2K West QA Testing studio and has
chosen to relocate our facility to Las Vegas, Nevada. This move will allow 2K
to operate a significantly larger and more effective QA facility as we
continue to grow our business across all divisions.”

“To have a company the caliber of Take-Two choose to locate in downtown Las
Vegas speaks volumes about the opportunities that exist in this area for new
businesses,” said Las Vegas Mayor Carolyn G. Goodman. “We have a skilled and
talented workforce in Las Vegas that is ideal for companies like Take-Two. I
am so thrilled that they will be a part of the downtown community, and I know
that their presence will attract other high-tech firms to Las Vegas.”

Las Vegas Councilman, Bob Coffin, who represents this area of Ward 3, added,
“Take-Two and its talented employees will add to the synergy that is happening
downtown. We are so fortunate that, after looking at locations around the
valley, Take-Two selected downtown Las Vegas. They will be a welcome addition
to our community.”

“Attracting a company of this stature is a very important step for southern
Nevada, and we congratulate the city in helping to make this exciting
opportunity a reality,” said Steve Hill, Director of the Governor’s Office of
Economic Development. “Today’s announcement is the result of a strong
partnership between the city and GOED in strengthening economic development in
the state. We very much appreciate Take-Two’s commitment to Nevada and look
forward to working with them to complete the Catalyst Fund and abatement
process.”

The Company is also applying for Catalyst Funds from the state.

Created in 2011, Nevada’s $10 million Catalyst Fund incentivizes the expansion
or relocation of businesses that will quickly result in the creation of
high-quality, primary jobs in Nevada. The procedure to apply for Catalyst Fund
consists of two steps: the business applies, with the assistance of the
Regional Development Authority, to the local government where the business is
or will be located and then the local government does an application, with the
Regional Development Authority, to the Governor’s Office of Economic
Development.

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. is a
leading developer, marketer and publisher of interactive entertainment for
consumers around the globe. The Company develops and publishes products
through its two wholly-owned labels Rockstar Games and 2K, which publishes its
titles under the 2K Games, 2K Sports and 2K Play brands. Our products are
designed for console systems, handheld gaming systems and personal computers,
including smartphones and tablets, and are delivered through physical retail,
digital download, online platforms and cloud streaming services. The Company’s
common stock is publicly traded on NASDAQ under the symbol TTWO. For more
corporate and product information please visit our website at
http://www.take2games.com.

All trademarks and copyrights contained herein are the property of their
respective holders.

Cautionary Note Regarding Forward-Looking Statements

The statements contained herein which are not historical facts are considered
forward-looking statements under federal securities laws and may be identified
by words such as "anticipates," "believes," "estimates," "expects," "intends,"
"plans," "potential," "predicts," "projects," "seeks," "will," or words of
similar meaning and include, but are not limited to, statements regarding the
outlook for the Company's future business and financial performance. Such
forward-looking statements are based on the current beliefs of our management
as well as assumptions made by and information currently available to them,
which are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict. Actual outcomes and results may
vary materially from these forward-looking statements based on a variety of
risks and uncertainties including: our dependence on key management and
product development personnel, our dependence on our Grand Theft Auto products
and our ability to develop other hit titles for current generation platforms,
the timely release and significant market acceptance of our games, the ability
to maintain acceptable pricing levels on our games, our ability to raise
capital if needed and risks associated with international operations. Other
important factors and information are contained in the Company's Annual Report
on Form 10-K for the fiscal year ended March 31, 2012, in the section entitled
"Risk Factors," and the Company's other periodic filings with the SEC, which
can be accessed at www.take2games.com. All forward-looking statements are
qualified by these cautionary statements and apply only as of the date they
are made. The Company undertakes no obligation to update any forward-looking
statement, whether as a result of new information, future events or otherwise.

Contact:

(Take-Two Corporate Press)
Alan Lewis
Vice President
Corporate Communications & Public Affairs
Take-Two Interactive Software, Inc.
(646) 536-2983
Alan.Lewis@take2games.com
or
(City of Las Vegas)
Diana R. Paul
City of Las Vegas
(702) 229-6582
dpaul@lasvegasnevada.gov
or
(2K)
Ryan Jones
Director of Public Relations
2K
(415) 507-7816
pr@2kgames.com
or
(State of Nevada)
Jennifer Cooper
Governor’s Office of Economic Development
(702) 486-2709
jcooper@diversifynevada.com
 
Press spacebar to pause and continue. Press esc to stop.