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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 such filings.

 

Activision Editorial Contact
Activision, Inc.
Maryanne Lataif
Vice President, Corporate Communications
310/255-2704
pr@activision.com

 

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