"Our strong and balanced portfolio illustrates our ongoing commitment to delivering top-quality entertainment experiences to broad global audiences," said Mike Griffith, president and CEO of Activision Publishing. "We are particularly excited about this fall's Guitar Hero World Tour, which will deliver unprecedented innovation to the rhythm-based genre with new instruments, a significantly expanded song list, and a music creator to share user-generated soundtracks. Gamers will also be able to play Metallica's new album on the day it launches."

Activision's Game Line-Up Includes:

Call of Duty(R): World at War - Building on the Call of Duty(R)4: Modern Warfare engine, Call of Duty: World at War thrusts players into the ruthless and gritty chaos of WWII combat like never before and challenges them to band together to survive the most harrowing and climactic battles in both the European and Pacific theaters. The title re-defines WWII games by offering an uncensored experience with unique enemies, jaw-dropping firepower like the flamethrower, and combat variety, including Kamikaze fighters, Banzai charges and cunning ambush tactics, as well as explosive on-screen action through all new cooperative gameplay. (Xbox 360(R) video game and entertainment system from Microsoft, PLAYSTATION(R)3 computer entertainment system, Nintendo(R) Wii(TM) and Games for Windows(R)).

Guitar Hero(R) World Tour - When the house lights go down this fall, a new generation of axe shredders, drummers and fearless frontmen will come together and rock with Guitar Hero World Tour. The latest installment in the #1 best-selling video game franchise of 2007, Guitar Hero World Tour transforms music gaming by expanding Guitar Hero's(R) signature guitar gameplay into a cooperative band experience that combines the most advanced wireless instruments with new revolutionary online and offline gameplay modes including Band Career and 8-player "Battle of the Bands," which allows two full bands to compete head-to-head online for the first time ever. The game features a slick newly redesigned guitar, an authentic electronic drum kit and a microphone, as well as an innovative Music Studio music creator that lets players compose, record, edit and share their own rock 'n' roll anthems. Music creators will also be able to share their recordings with their friends online through GHTunes(TM) where other gamers can download and play an endless supply of unique creations. (Xbox 360(TM), PS3 and PlayStation(R)2 computer entertainment systems, and Nintendo Wii).

Wolfenstein(TM) - From id Software's critically-acclaimed and multi-million unit selling Wolfenstein universe, which pioneered and defined the first-person action genre, comes the ultimate supernatural thriller. Set within a near-fictional, historical WWII setting, players take on the role of the heroic OSA agent BJ Blazkowicz as they are thrust into the unknown and unexpected to battle against combat troops, otherworldly forces, and the dark science created by a supernatural Nazi force hell-bent on world domination. Wolfenstein offers players an action-packed experience as they investigate the powers of a dark parallel dimension, join with resistance forces, and employ an arsenal of conventional and otherworldly weapons in attempts to annihilate the Nazi war machine. Ensuring a deep variety of action, Wolfenstein provides gamers with an assortment of interlinked missions that drive an intense, story-driven combat experience; while the Wolfenstein multiplayer experience continues the world-renowned tradition of class-based team objective gameplay with a full arsenal of conventional and supernatural weapons for addictive online warfare. (Xbox 360(TM), PS3, Windows(R) PC).

Quantum of Solace(TM) - James Bond is back to settle the score in Quantum of Solace(TM). Introducing a more lethal and cunningly efficient Bond, the game blends intense first-person action with a unique third-person cover combat system that allows players to truly feel what it is like to be the ultimate secret agent as they use their stealth, precision shooting and lethal combat skills to progress through missions. Seamlessly blending the heart-pounding action and excitement of the upcoming "Quantum of Solace" feature film with the "Casino Royale" movie, the title propels players into the cinematic experience of international espionage. Based on the renowned Call of Duty(R) 4: Modern Warfare(TM) game engine that has been specifically engineered to immerse players in the Bond universe, Quantum of Solace(TM) delivers high-definition graphics, reactive AI and visually stunning locations inspired by locales portrayed in the films. (Xbox 360(TM), PS3 and PlayStation(R)2 computer entertainment systems and the Nintendo Wii(TM) and DS(TM)).

Spider-Man(TM): Web of Shadows - A deadly symbiote invasion brings total devastation to the streets of New York City in Spider-Man: Web of Shadows, where players have ultimate control over the city's salvation and Spider-Man's destiny. Set in an apocalyptic New York City, Spider-Man: Web of Shadows gives players an unprecedented level of gameplay choices, including for the first time, control over the game's direction and outcome. The all new combat system allows for truly three-dimensional battles that start in the streets, continue up sides of buildings and finish on rooftops. Gamers can instantly switch between Spider-Man's agile red suit and his formidable black suit, choose to ally with Marvel's honored heroes or ferocious villains, pick which character abilities to upgrade, and decide which missions to undertake in order to protect Manhattan from certain destruction. (Xbox 360(TM), PS3 and PlayStation(R)2 computer entertainment systems, PSP(R), Nintendo Wii and DS(TM), and Windows(R) PC).

All games are pending ESRB ratings. For assets and more information on Activision's videogame line-up, please visit www.activisionpressconference.com.

About id Software

id - defined by Freud as the primal section of the human psyche; id Software, located in Mesquite, Texas, was founded in 1991. From inception to present day, id Software has relentlessly provided technical, design and artistic leadership as an independent game developer and technology provider. Transcending the games industry, id's iconic brands such as Wolfenstein, DOOM, QUAKE and Enemy Territory have become staples of popular culture for generations of gamers. More information on id Software can be found at www.idsoftware.com.

About Marvel Entertainment, Inc.

With a library of over 5,000 high-profile characters built over more than sixty years of comic book publishing, Marvel Entertainment, Inc. is one of the world's most prominent character-based entertainment companies. Marvel utilizes its character franchises in licensing, entertainment (via Marvel Studios and Marvel Animation) and publishing (via Marvel Comics), with emphasis on feature films, DVD, consumer products, video games, action figures and role-playing toys, television and promotions. Marvel's strategy is to leverage its franchises in a growing array of opportunities around the world. For more information visit www.marvel.com.

About Metro-Goldwyn-Mayer Inc.:

Metro-Goldwyn-Mayer Inc., through its operating subsidiaries, is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music and licensed merchandise. The company owns the world's largest library of modern films, comprising around 4,100 titles. Operating units include Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., Ventanazul, MGM Television Entertainment Inc., MGM Networks Inc., MGM Domestic Networks LLC, MGM Distribution Co, MGM International Television Distribution In, Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Worldwide Digital Media, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in international TV channels reaching nearly 120 countries. MGM ownership is as follows: Providence Equity Partners (29%), TPG (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%). For more information, visit www.mgm.com.

About EON Productions/Danjaq, LLC

EON Productions/Danjaq, LLC is owned by the Broccoli family and has produced twenty James Bond films since 1962. The Bond films make up the most successful franchise in film history and include the recent blockbuster films, GOLDENEYE, TOMORROW NEVER DIES, THE WORLD IS NOT ENOUGH, and DIE ANOTHER DAY produced by Michael G. Wilson and Barbara Broccoli. EON Productions and Danjaq, LLC are affiliate companies and control all worldwide merchandising of the James Bond franchise.

About Activision Blizzard, Inc.

Headquartered in Santa Monica, California, Activision Blizzard, Inc. is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry.

Activision Blizzard maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Romania, Australia, Chile, India, Japan China, the region of Taiwan and South Korea. More information about Activision Blizzard and its products can be found on the company's website, www.activisionblizzard.com.

Cautionary Note Regarding Forward-looking Statements: Information in this press release that involves Activision Blizzard's expectations, plans, intentions or strategies regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. Activision Blizzard generally uses words such as "outlook", "will," "could," "would," "might," "remains," "to be," "plans," "believes", "may", "expects," "intends," "anticipates," "estimate," future," "plan," "positioned," "potential," "project," "remain," "scheduled," "set to," "subject to," "upcoming" and similar expressions to help identify forward-looking statements. Factors that could cause Activision Blizzard's actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include, but are not limited to, sales of Activision Blizzard's titles, shifts in consumer spending trends, the seasonal and cyclical nature of the interactive game market, Activision Blizzard's ability to predict consumer preferences among competing hardware platforms (including next-generation hardware), declines in software pricing, product returns and price protection, product delays, retail acceptance of Activision Blizzard's products, adoption rate and availability of new hardware and related software, industry competition, rapid changes in technology and industry standards, protection of proprietary rights, litigation against Activision Blizzard, maintenance of relationships with key personnel, customers, vendors and third-party developers, domestic and international economic, financial and political conditions and policies, foreign exchange rates, integration of recent acquisitions and the identification of suitable future acquisition opportunities, Activision Blizzard's success in integrating the operations of Activision and Vivendi Games in a timely manner, or at all, and the combined company's ability to realize the anticipated benefits and synergies of the transaction to the extent, or in the timeframe, anticipated. Other such factors include additional risk factors identified in Activision Blizzard's most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q. The forward-looking statements in this release are based upon information available to Activision Blizzard as of the date of this release, and Activision Blizzard assumes no obligation to update any such forward-looking statements. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of Activision Blizzard and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.

Microsoft, Xbox, Xbox 360 and Xbox Live are registered trademarks of Microsoft Corporation in the United States and / or other countries.

Nintendo DS and Wii are trademarks of Nintendo.

Activision and Call of Duty are registered trademarks of Activision Publishing, Inc.

Spider-Man and all related characters: TM & (C) 2008 Marvel Characters, Inc. Game elements (C) 2008 Activision Publishing, Inc. All rights reserved.

TRANSFORMERS and all related characters are trademarks of Hasbro and are used with permission. Paramount is a trademark of Paramount.

Wolfenstein and the Id name are either registered trademarks or trademarks of Id Software, Inc.

Quantum of Solace (C) 2008 Danjaq, LLC and United Artists Corporation. 007 and related James Bond trademarks (C) 1962-2008 Danjaq, LLC and United Artists Corporation. 007 TM and related James Bond trademarks are trademarks of Danjaq, LLC and licensed by EON. All Rights Reserved.

All other trademarks and trade names are the property of their respective owners.

Guitar Hero III: Legends of Rock, Guitar Hero World Tour (C) 2007-2008 Activision Publishing, Inc. Guitar Hero, Activision and RedOctane are registered trademarks of Activision Publishing, Inc.

SOURCE: Activision Publishing

Activision Publishing
Michelle Schroder, 310-255-2508
mschroder@activision.com

Copies of the offer to purchase, letter of transmittal and other related materials may be obtained at Activision Blizzard's expense from the information agent, Morrow & Co., LLC at 479 West Avenue, Stamford, CT 06902. Banks and brokerage firms please call (203) 658-9400 and all others call (800) 245-1502 (toll-free).

Questions regarding the tender offer should be directed to Morrow & Co., LLC at (800) 245-1502 (toll-free).

About Activision Blizzard

Headquartered in Santa Monica, California, Activision Blizzard, Inc. is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry.

Activision Blizzard maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Romania, Australia, Chile, India, Japan, China, the region of Taiwan and South Korea. More information about Activision Blizzard and its products can be found on the company's website, www.activisionblizzard.com.

Certain Information Regarding the Tender Offer

The information in this press release describing Activision Blizzard's self tender offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of Activision Blizzard's common stock in the self tender offer. The self tender offer is being made only pursuant to the offer to purchase and the related materials that Activision Blizzard will distribute to its stockholders. Stockholders should read the offer to purchase and the related materials carefully because they contain important information, including the various terms and conditions of the self tender offer. Stockholders of Activision Blizzard will be able to obtain a free copy of the self Tender Offer Statement on Schedule TO (including the offer to purchase) and other documents that Activision Blizzard will be filing with the Securities and Exchange Commission from the SEC's website at www.sec.gov. Stockholders may also obtain a copy of these documents, without charge, from Morrow & Co. LLC, the information agent for the self tender offer, toll free at (800) 245-1502. Stockholders are urged to carefully read these materials prior to making any decision with respect to the self tender offer. Stockholders and investors who have questions or need assistance may call Morrow & Co., LLC, the information agent for the self tender offer, toll free at (800) 245-1502.

SOURCE: Activision Blizzard, Inc.

Activision Blizzard, Inc.
Kristin Southey
Vice President, Investor Relations
310-255-2635
ksouthey@activision.com
or
Maryanne Lataif
Vice President, Corporate Communications
310-255-2704
mlataif@activision.com

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Monogram Energy, Inc. (PINKSHEETS: MGRN) closed at $0.04 Tuesday, trading 238,875 shares.

Company News- July 16, 2008: Monogram Energy, Inc. Reaches Agreement on New Lease

Monogram Energy, Inc. (PINKSHEETS: MGRN) announced earlier today it has reached an agreement in principle to acquire 25% interest in a re-work well in the Williston basin located in Montana. As reported earlier, it is believed that this well has the capability to produce from 600 to 2,000 barrels of oil per day. Further, Monogram Energy, Inc. is excited because this agreement solidifies a relationship that opens the door to 180 acres of prospects located in the Williston basin. The Williston basin represents the largest North American oil find in history.

Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "We think this well has tremendous potential and could double the profit margin of the Company." Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.

About Monogram Energy, Inc.

Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The Company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.

Billy D. King, the Chairman & CEO, is a graduate of St. Mary's University School of Law, and has been in the field of oil & gas law in excess of thirty years.

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Activision Blizzard, Inc. (NASDAQ: ATVID) closed at $35.28 Tuesday, trading 19,379,100 shares.

Company News- July 16, 2008: Activision Blizzard Announces Self-Tender Offer

Activision Blizzard, Inc. (NASDAQ: ATVID) announced earlier today the commencement of a tender offer to purchase up to 146,500,000 shares of its outstanding common stock at a price of $27.50 per share representing approximately 22% of Activision Blizzard's outstanding common stock as of July 9, 2008.

The tender offer will expire at 5:00 p.m., Eastern Daylight Time, on Wednesday, August 13, 2008, unless extended. The tender offer is being made in connection with the business combination between Activision, Inc., now known as Activision Blizzard, Inc., and Vivendi Games, Vivendi's interactive entertainment business - which includes Blizzard Entertainment's World of Warcraft . Under the terms of the business combination agreement, Activision Blizzard agreed to commence the tender offer within five business days after the closing of the business combination, which occurred on July 9, 2008. The tender offer is subject to the terms and conditions specified in the offer to purchase, the letter of transmittal, and other related materials that are being mailed to holders of Activision Blizzard's common stock.

Copies of the offer to purchase, letter of transmittal and other related materials may be obtained at Activision Blizzard's expense from the information agent, Morrow & Co., LLC at 479 West Avenue, Stamford, CT 06902. Banks and brokerage firms please call (203) 658-9400 and all others call (800) 245-1502 (toll-free).

Questions regarding the tender offer should be directed to Morrow & Co., LLC at (800) 245-1502 (toll-free).

About Activision Blizzard

Headquartered in Santa Monica, California, Activision Blizzard, Inc. is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry.

Activision Blizzard maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Romania, Australia, Chile, India, Japan, China, the region of Taiwan and South Korea. More information about Activision Blizzard and its products can be found on the company's website, www.activisionblizzard.com.

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ANSYS, Inc. (NASDAQ: ANSS) closed at $43.15 Tuesday, trading 1,027,100 shares.

Company News- July 16, 2008: ANSYS, Inc. to Release Second Quarter 2008 Earnings August 7, 2008

ANSYS, Inc. (NASDAQ: ANSS), announced earlier today that the global innovator of simulation software and technologies designed to optimize product development processes expects to release its second quarter 2008 earnings on Thursday, August 7, 2008. The Company will hold a conference call conducted by James E. Cashman III, President and Chief Executive Officer, and Maria T. Shields, Chief Financial Officer, at 10:30 a.m. Eastern Time to discuss second quarter results and future outlook.

CONFERENCE CALL INFORMATION:

What: ANSYS Second Quarter 2008 Earnings Conference Call When: August 7, 2008 at 10:30 a.m. Eastern Time Where: http://www.ansys.com/corporate/investors.asp

The conference call dial in number is 888-245-0932 (US & CAN) or 913-312-6694 (INT'L) Passcode: ANSYS (26797)

The call will be recorded with replay at 888-203-1112 (US & CAN) or 719-457-0820 (INT'L) Passcode: 5701438

About ANSYS, Inc.

ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 40 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 1,400 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.

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Oculus Innovative Sciences, Inc. (NASDAQ: OCLS) closed at $2.61 Tuesday, trading 19,900 shares.

Company News- July 16, 2008: Oculus Innovative Sciences' CEO and Founder Named One of Pharmaceutical Executive's 2008 "Emerging Pharma Leaders"

Oculus Innovative Sciences, Inc. (NASDAQ: OCLS) announced earlier today that its CEO and founder, Hoji Alimi, has been named one of the 2008 Pharmaceutical Executive "Emerging Pharma Leaders." Selected by members of the magazine's editorial advisory board and a panel of judges, Mr. Alimi demonstrates "the passion, vision, and dedication that leadership requires-and that the pharmaceutical industry needs to reach its full potential as a global healthcare leader." The "Emerging Pharma Leaders" feature appeared in the June 2008 issue of the publication.

"I'm honored to have been chosen among this distinguished group of leaders from the pharmaceutical and biotech industries," said Mr. Alimi. "But this recognition would never have been possible if it wasn't for the notable team of Oculus employees worldwide that I have had the opportunity to lead. They have been willing to do whatever is required to get the job done--from the advancement of our U.S. clinical program and commercialization of our multiple Microcyn applications to taking our story to the market. I couldn't be prouder of a team." Hoji Alimi has served as CEO, president and founder of Oculus Innovative Sciences since 1999. At the beginning of his career, Mr. Alimi served as the corporate microbiologist for Arterial Vascular Engineering, Inc (AVE). Mr. Alimi received a B.A. in biology from Sonoma State University.

Mr. Alimi's 2008 Pharmaceutical Executive emerging pharma leader profile may be found at the link below: http://pharmexec.findpharma.com/pharmexec/ArticleStandard/Article/ detail/524391 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

About the Emerging Leadership Awards

The ELAs were based on a nomination-led process. Following several call-for-entries promotions, Pharmaceutical Executive accepted nominations until April 1, 2008. Following that date, nominations were placed into categories across job functions. Pharmaceutical Executive then worked with its editorial advisory board and others to judge the various entrants based on a set of key criteria. Executives that received the highest ranking in their respective categories in the judging process were profiled in this feature.

About Oculus

Oculus Innovative Sciences is a biopharmaceutical company that develops, manufactures and markets a family of products based upon the Microcyn Technology platform, which is intended to help prevent and treat infections in chronic and acute wounds. The Microcyn Technology platform is a biocompatible, shelf-stable solution containing active oxychlorine compounds that is currently commercialized outside the United States (Europe, India and Mexico) for the treatment of infected wounds. The solutions derived from the Microcyn Technology platform have demonstrated, in a variety of research and investigational studies, the ability to treat a wide range of pathogens, including antibiotic-resistant strains of bacteria (including MRSA and VRE), viruses, fungi and spores. A recently completed U.S. Phase II clinical trial of Microcyn Technology met the primary endpoints of safety and efficacy for the treatment of mildly infected diabetic foot ulcers.

In addition to the company's existing and under-development therapeutic products, Oculus also develops, manufactures and markets a number of 510k devices and products for both professional and consumer. Oculus' principal operations are in Petaluma, California, and it conducts operations in Europe, Latin America and Japan. More information can be found at the company's web site, www.oculusis.com.

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With their hands on authentic gear, players will feel like they have an actual rod in their hands as they cast, jig the bait, and reel in fish. Players can battle for their favorite trophy as they angle for 25 of the most sought after species of fish in the world, all within pristine, uncrowded freshwater environments. This is the most exciting, progressive fishing game ever made and every angler's dream.

"A proper fishing game needs to capture the adrenaline-pumping intensity of sport fishing," said Adrian Filippini from Fun Labs. "Fishing Frenzy delivers big time with beautiful graphics and controls adapted specifically to each console. Rapala's involvement has resulted in a game with a new level of realistic fishing fun."

For more information visit www.activision.com.

About Fun Labs

Founded in 1999, Fun Labs develops videogames for PlayStation(R)2 computer entertainment system, PSP(R) (PlayStation(R)Portable) system, PLAYSTATION(R)3 computer entertainment system, Xbox, Xbox 360, and Wii. Throughout the years Fun Labs has developed and continues to develop an impressive amount of proprietary technology.

About Rapala

Dedicated to delivering memorable fishing experiences every time, the Rapala VMC Group, based in Vaaksy, Finland (Helsinki Stock Exchange: RAP1V), manufactures and markets fishing lures, fishing line, fishing rods, hooks, terminal tackle, knives and accessories under the Rapala, VMC, Blue Fox, Luhr Jensen, Terminator, Williamson and Storm brand names. The company was unofficially founded in 1936 when Lauri Rapala invented the Rapala fishing lure. Rapala maintains its strict standards of quality and craftsmanship while delivering its fishing products to anglers in more than 140 countries. For more information, visit rapala.com.

About Activision, Inc.

Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted net revenues of $1.5 billion for the fiscal year ended March 31, 2007.

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, the Netherlands, Australia, Japan and South Korea. More information about Activision and its products can be found on the company's World Wide Web site, which is located at www.activision.com.

Cautionary Note Regarding Forward-looking Statements: Information in this press release that involves Activision's expectations, plans, intentions or strategies regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. In this release they are identified by references to dates after the date of this release and words such as "will," "will be," "remains," "to be," "plans," "believes", "may", "expects," "intends," and similar expressions. These risks and uncertainties include, but are not limited to, sales of Activision's titles, shifts in consumer spending trends, the seasonal and cyclical nature of the interactive game market, Activision's ability to predict consumer preferences among competing hardware platforms (including next-generation hardware), declines in software pricing, product returns and price protection, product delays, retail acceptance of Activision's products, adoption rate and availability of new hardware and related software, industry competition, rapid changes in technology and industry standards, protection of proprietary rights, maintenance of relationships with key personnel, customers, vendors and third- party developers, international economic and political conditions, integration of recently acquired subsidiaries and identification of suitable future acquisition opportunities, limitations on our ability to issue stock and options and foreign exchange rate changes. Other factors that could cause Activision's actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include, without limitation, the further implementation, acceptance and effectiveness of the remedial measures recommended or adopted by the special sub-committee of independent directors established in July 2006 to review Activision's historical stock option granting practices, the board and Activision; the outcome of the SEC's formal investigation and the derivative litigation filed in July 2006 against certain current and former directors and officers of Activision relating to Activision's stock option granting practices, the possibility that additional claims and proceedings will be commenced, including additional stockholder litigation, employee litigation, and additional action by the SEC and/or other regulatory agencies, other litigation (unrelated to stock option granting practices), and the risks identified in Activision's most recent annual report on Form 10-K and recent reports on Form 8-K. The forward-looking statements in this release are based upon information available to Activision as of the date of this release, and Activision assumes no obligations to update any such forward-looking statement. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and may cause actual results to differ materially from our current expectations.

(C)2008 Activision Publishing, Inc. Activision is a registered trademark of Activision Publishing, Inc.

Wii and Nintendo DS are trademarks of Nintendo. (C) 2006 Nintendo. All other trademarks and trade names are the properties of their respective owners.

"PlayStation", "PLAYSTATION" and "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc.

(C) 2008 Microsoft Corporation. All rights reserved. Microsoft, Xbox, Xbox 360, Xbox LIVE and the Xbox logos are trademarks of the Microsoft group of companies and are used under license from Microsoft.

All other trademarks are the property of their respective owners.

SOURCE Activision, Inc.

http://www.activision.com