MATRIX Penny Stocks

[tyguybye]

AKLM ouch R/S on the way maybe.. These guys can do it
I like this company.. FWIW



PRESS RELEASE: Acclaim Entertainment, Inc. Granted Extension Of Nasdaq Listing Requirement


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Fri Jan 23 13:40:20 2004 EST
GLEN COVE, N.Y., Jan. 23 /PRNewswire-FirstCall/ -- Acclaim Entertainment,
Inc. (Nasdaq: AKLM) today announced that it has received notice from The Nasdaq
Stock Market, Inc. ("Nasdaq") indicating that, in accordance with Marketplace
Rule 4310(c), the Company has been granted an extension, until January 24,
2005, within which to regain compliance with the minimum $1.00 bid price per
share requirement of The Nasdaq SmallCap Market.

In the notice, the Nasdaq staff noted that since the Company meets the
initial inclusion criteria for The Nasdaq SmallCap Market under Marketplace
Rule 4310(c), it is eligible for this additional compliance period. The
compliance period is extended until January 24, 2005, provided that, if, prior
to January 24, 2005, the bid price of the Company's common stock does not close
at $1.00 per share or more for a minimum of 10 consecutive trading days, then
the Company is required to (1) seek shareholder approval for a reverse stock
split at or before it next shareholder meeting and (2) promptly thereafter
effectuate the reverse stock split. The Company has committed in writing to
Nasdaq to effectuate those measures in the event compliance is not achieved
prior to January 24, 2005.

If at any time before January 24, 2005, the bid price of the Company's
common stock closes at $1.00 per share or more for a minimum of 10 consecutive
trading days, the Nasdaq staff will provide notification that the Company
complies with Marketplace Rule 4310(c)(8)(D).

The Company cannot provide any assurance that it will receive an affirmative
vote of its stockholders authorizing a reverse stock split, if required, nor
that the Company will regain compliance with the minimum bid price requirement.


About Acclaim Entertainment

Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a 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 five studios located in the United
States and the United Kingdom, and publishes and distributes its software
through its subsidiaries in North America, the United Kingdom, Australia,
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 periodically. 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 statements contained in this release which are not historical facts are
"forward-looking statements." Acclaim cautions readers of this press release
that a number of important factors could cause Acclaim's actual future results
to differ materially from those expressed in any such forward-looking
statements. These important factors, including, without limitation, the
financial strength of the interactive entertainment industry, dependence on new
product introductions and the ability to maintain the scheduling of such
introductions, technological changes, dependence on major platform
manufacturers and other factors that could affect Acclaim, are described in
Acclaim's Annual Report on Form 10-K for the fiscal year ended March 31, 2003,
and Acclaim's subsequent Quarterly Reports on Form 10-Q, all of which were
filed with the United States Securities and Exchange Commission. Readers of
this press release are referred to such filings.

Media Contact: Financial Contact:
Alan B. Lewis Gerard F. Agoglia
Acclaim Entertainment, Inc. Acclaim Entertainment, Inc.
[phone] [phone]
[e-mail] [e-mail]

SOURCE Acclaim Entertainment, Inc.
/CONTACT: Media, Alan B. Lewis, [phone], or [e-mail],
or Financial, Gerard F. Agoglia, [phone], or [e-mail],
both of Acclaim Entertainment, Inc. /
/Web site: http://www.acclaim.com /
(AKLM)