Top 100 Computer Companies
Activision to Pay for Expert Software Acquisition With Stock
SANTA MONICA, Calif. and CORAL GABLES, Fla.-- April 2, 1999--Activision,
Inc. (Nasdaq:ATVI - news) and Expert Software (Nasdaq:XPRT - news) jointly announced today that in
connection with their previously announced pending merger transaction, Activision has
exercised its right pursuant to the merger agreement to elect to pay the merger
consideration of $2.65 per share solely in Activision common stock.
Expert Software, Inc. (Nasdaq:XPRT
- news) is a leading developer and
publisher of high-quality, value-priced software. The Company specializes in sophisticated
yet easy-to-use programs addressing a broad array of everyday consumer interests,
including entertainment, education, lifestyle, productivity and small office/home office.
Expert Software can be found on the World Wide Web at http://www.expertsoftware.com.
Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide
developer, publisher and distributor of interactive entertainment software for personal
computers and advanced console game systems such as the PlayStation game console and
Nintendo 64. Founded in 1979, Activision posted revenues of $370 million for the calendar
year ended December 31, 1998.
Activision maintains publishing and development operations in the US, Canada, the
United Kingdom, France, Germany, Japan and Australia, and distribution subsidiaries in the
United Kingdom, Germany, The Netherlands and Belgium. More information about Activision
and its products can be found on the company's World Wide Web site which is located at http://www.activision.com.
The statements contained in this release that are not historical facts are
``forward-looking statements.'' The companies caution readers of this press release that a
number of important factors could cause either Expert's or Activision's actual future
results to differ materially from those expressed in any such forward-looking statements.
These important factors, and other factors that could affect Activision and Expert, are
described in Activision's Annual Report on Form 10-K for the fiscal year ended March 31,
1998, and Expert's Form 10K and quarterly reports on Form 10-Q, which have been filed with
the US Security and Exchange Commission. Readers of this press release are referred to