Full press release below...

NBA JAM 2004 On All Next-Generation Gaming Systems

LOS ANGELES, CA May 22, 2002: Taking high-flying NBA action to an exciting new level, Acclaim Sports, a division of Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM) today announced that its world-renowned Austin Studio has begun development on NBA JAM 2004(TM) for all of the next-generation gaming platforms. Expected to launch in the fall of 2003, NBA JAM 2004 will feature 3-on-3, "dunkalicious" arcade basketball action, complete with all 29 official NBA teams, more than 150 superstars, authentic courts and the outrageous dunks and hidden codes that are synonymous with the NBA JAM brand.

"We're thrilled to expand upon our proven NBA JAM franchise, which has sold more than 6 million units worldwide, and believe that this genre represents an incredible leadership opportunity for our organization," said Sarah Anderson, Senior Vice President of Brand for Acclaim. "Basketball continues to be a perennial favorite among gamers, and we will leverage the development capabilities of our studio to deliver another benchmark sports title that elevates the category."

About Acclaim Entertainment
Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a leading worldwide developer, publisher and mass marketer of software for use with interactive entertainment game consoles including those manufactured by Nintendo, Sony Computer Entertainment and Microsoft Corporation as well as personal computer hardware systems. Acclaim owns and operates six studios located in the United States and the United Kingdom which includes a motion capture and recording studio in the U.S., and publishes and distributes its software through its subsidiaries in North America, the United Kingdom, Germany, France and Spain. The Company uses regional distributors worldwide. Acclaim also distributes entertainment software for other publishers worldwide, publishes software gaming strategy guides and issues "special edition" comic magazines from time to time to support its time valued brands, Turok and Shadow Man. Acclaim's corporate headquarters are in Glen Cove, New York and Acclaim's common stock is publicly traded on NASDAQ.SC under the symbol AKLM. For more information please visit our website at www.acclaim.com.

The NBA and individual NBA member team identifications used on or in this product are trademarks, copyrighted designs and other forms of intellectual property of NBA Properties, Inc. and the respective NBA member teams and may not be used, in whole or in part, with-out the prior written consent of NBA Properties, Inc. (c) 2002 NBA Properties, Inc. All rights reserved.