Activision's first Vampire title will be a 3D roleplaying game developed by Nihilistic Software, which is currently expected to be released in fall 1999. The game will cast players in a time-spanning epic quest fraught with action, intrigue, and vengeance. In their journey through the gothic past to a dark modern day, gamers must battle their inner beast and bloodlust while hiding their true nature from mortals. 

"White Wolf has revolutionized the roleplaying and hobby industry and we are excited to be working with them on this extraordinary new project," states Robert Kotick, Chairman and CEO, Activision, Inc. "The Vampire license allows us to bring the appeal of roleplaying games to broader PC audiences and add to one of the richest and most successful RPG universes in the world." 

"Activision is our ideal partner for our premier property. We couldn't be happier with the direction this license is going," said Mike Tinney, VP of Licensing and Marketing for White Wolf, Inc. "We are equally excited to have Nihilistic on board for the first game. We have every confidence that they can capture the edgy, haunting nature of our Vampire property and usher a dynamic and graceful transition for Vampire into electronic media." 

"For the first time ever, players will be able to command the supernatural powers of the immortals in a world steeped in mysterious and frightening themes," states Ray Gresko, President and CEO of Nihilistic Software, Inc. "Vampire is a phenomenal license and Nihilistic is looking forward to bringing White Wolf's universe to [electronic] gamers." 

Nihilistic Software, Inc. is a newly formed development company headed by game industry veterans Ray Gresko, Robert Huebner and Steve Tietze. The Nihilistic principals' combined credits include such top-selling games as Dark Forces, Dark Forces II: Jedi Knight, Descent, Descent II and the Quake Mission Pack #2: Dissolution of Eternity. 

Headquartered in Santa Monica, CA, Activision, Inc. is one of the world's leading interactive entertainment software companies. Founded in 1979, Activision posted revenues of approximately $260 million for fiscal 1998. The company is a worldwide developer, publisher and distributor of interactive entertainment software for Microsoft Windows compatible personal computers as well as advanced console game systems such as the Sony PlayStation and Nintendo 64. 

Activision maintains North American development and publishing operations in Santa Monica, CA and a development studio in Madison, Wisconsin. More information about Activision and its products can be found on the company's World Wide Web site located at http://www.activision.com. 

The statements contained in this release that are not historical facts are "forward-looking statements." The company cautions readers of this press release that a number of important factors could cause 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, are described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 1997, which was filed with the United States Securities and Exchange Commission. Readers of this press release are referred to such filings.