El Segundo, CA - August 15, 1999 - Activision, a leading international publisher, developer and distributor of interactive entertainment and leisure products, has selected Los Angeles-based Exakt Entertainment to develop the Street Lethal video game for the Sony Playstation 2 platform, scheduled for release in 2001.

"Paul Ashdown from Exakt approached us to represent his newly formed company in securing a game development deal," said R.E.D. co-founder Paul Cunningham. "We knew Activision was looking for a partner to help them enter both the racing game genre and PS2 console market."

"Exakt had a racing game background, and is one of a small number of teams with extensive PS2 programming experience," said Cunningham. "It was a great match, so we were able to bring Exakt and Activision together and work out a mutually beneficial development deal."

Exakt Entertainment is a premier video game development studio founded in July 1999 by Paul Ashdown, Eran Rich and Ed Watts.

R.E.D. is the video game industry's leading representation company and was established to assist talented development companies in securing development agreements with video game publishing companies. R.E.D. is the interactive game industry's leading representation company and is in business to help interactive game developers secure development agreements with game publishing companies.

-30-