AKA ACCLAIM KICKS RACING INTO HIGH GEAR WITH RELEASE OF 'SX SUPERSTAR'

High-Flying Two-Wheeled Action Arrives on the Xbox* and Nintendo GameCube*

GLEN COVE, NY, June 30, 2003 - Charging off the dirt track and onto store shelves, AKA Acclaim, a division of Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM), today announced that it has shipped, SX Superstar* for the Xbox* video game system from Microsoft and Nintendo GameCube*. A high-flying two-wheeled racing odyssey, SX Superstar gives players the opportunity to fulfill their dreams of making it to the ranks of supercross' racing elite.

"In SX Superstar, players don't just race to win, they race to improve the quality of their virtual lives," said Ben Fischbach, Director of AKA Acclaim. "By adding this new lifestyle element to the action sports category, we are providing players with a new incentive to push the game to its limits and simultaneously build their career and character."

Step into the world of SX Superstar, and experience the essence of supercross, featuring arcade-racing action that will release the rock star within. In SX Superstar, players are the stars, taking their riders from the poorhouse to the penthouse. By pulling huge air tricks and squashing the competition, riders can earn enough money to start living the good life with better bikes, bigger houses and of course, hotter chicks. According to Play Magazine, "SXS delivers a unique, diverse, racing experience at a price that makes it impossible to resist...The best $29.99 you may ever spend, a lot of game for the money."

SX Superstar includes:

* Building the career of riders, from equipment and championship trophies to top-of-the-line bikes and girlfriends;

* Incredible big air SX tricks and combos;

* Frantic arcade racing action with intuitive pick-up-and-play controls;

* 24 wild and crazy riders to choose from, each with their own unique style and attitude;

* 20 tremendous and challenging race tracks from around the world;

* Intense multiplayer racing action;

* Advanced Stage Management AI system that allows up to 8 riders to battle it out on screen at once for the ultimate in racing realism.

About Acclaim Entertainment

Nintendo GameCube and the Nintendo GameCube logo are trademarks of Nintendo. * 2001.

Xbox is a trademark of Microsoft Corporation in the United States and/or other countries.

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.