Cumulative Awesomeness of Gameplay Experience Can No Longer Fit
into Expansion Pack; Enter The Dominatrix Will Be Incorporated into the
Next Great Sequel in the Saints Row Franchise
AGOURA HILLS, Calif.--(BUSINESS WIRE)--Jun. 20, 2012--
THQ Inc. (NASDAQ: THQI) and Volition, Inc. today announced development
of the standalone expansion Saints Row®: The
Third – Enter the Dominatrix™ will now be incorporated into
production of the next great sequel in the Saints Row®
franchise, tentatively titled “The Next Great Sequel in the Saints Row
Franchise.”
"When I looked at the Enter The Dominatrix expansion in
production at Volition, I was blown away by the ideas and desire to
expand the fiction of the franchise,” said Jason Rubin, THQ’s President.
“I asked the team what it could achieve given more time, more resources,
and a broader scope for the project. We all agreed we wanted to play that
game. When it comes to Saints Row, it’s clear our fans want
bigger, better, and even more over the top, and that’s why Enter The
Dominatrix will now be incorporated into a vastly expanded,
full-fledged sequel, scheduled for calendar 2013.”
Added Rubin, “We believe the potential for this sequel is far greater as
a full-priced, full-length, high quality, connected experience.”
The change in production will shift net sales from THQ’s 2013 fiscal
year into fiscal 2014. As a result, THQ currently expects to have an
approximate $20 million reduction to non-GAAP net sales and an
approximate ($0.03) impact to non-GAAP net loss per share for fiscal
2013 when compared with previously-announced guidance.
About THQ
THQ
Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher
of interactive entertainment software. The company develops its products
for all popular game systems, personal computers, wireless devices and
the Internet. Headquartered in Los Angeles County, California, THQ sells
product through its global network of offices located throughout North
America, Europe and Asia Pacific. More information about THQ and its
products may be found at http://www.thq.com/.
THQ, Saints Row, Saints Row: The Third, Saints Row: The Third – Enter
the Dominatrix and their respective logos are trademarks and/or
registered trademarks of THQ Inc.
THQ Inc. Caution Concerning Forward-Looking Statements
This press release contains statements that are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
current expectations, estimates and projections about the business of
THQ Inc. and its subsidiaries (collectively referred to as "THQ"),
including, but not limited to, expectations of video game console and
software growth, financial guidance, estimated release dates, and the
potential for online gaming. These statements are based upon
management's current beliefs and certain assumptions made by management.
Such forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements, including, but
not limited to, business, competitive, economic, legal, political, and
technological factors affecting our industry, operations, markets,
products, or pricing. Readers should carefully review the risk factors
and the information that could materially affect THQ's financial
results, described in other documents that THQ files from time to time
with the Securities and Exchange Commission, including its Annual Report
on Form 10-K for the fiscal period ended March 31, 2012, and
particularly the discussion of trends and risk factors set forth
therein. Unless otherwise required by law, THQ disclaims any obligation
to update its view on any such risks or uncertainties or to revise or
publicly release the results of any revision to these forward-looking
statements. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release.
Source: THQ Inc.
THQ Corporate Communications
Angela Emery, 818-871-8650
or
THQ
Investor Relations
Lisa Mueller, 818-871-5125
