October 27^th, 2003 (12:00am) - Acclaim has announced that Dave Mirra, the world’s premiere BMX athlete, and the Company have amicably resolved their differences surrounding a contract dispute and the controversial BMX XXX. Mr. Mirra’s lawsuit against the Company was settled with no financial or other damages being paid by either side, and Mr. Mirra will continue, uninterrupted, to be under contract with Acclaim until the year 2011. Additionally, the Company has begun working on the development of a new Dave Mirra BMX video game for the next-generation gaming systems, details of which will be announced shortly.

"We are pleased to have amicably resolved this matter with Dave and anxiously look forward to resuming our successful working partnership," said Rod Cousens, CEO for Acclaim Entertainment, Inc. "The Dave Mirra brand is the #1 BMX brand in the video game industry and we will continue to work with Dave to build upon our proven formula for success."

"I’m glad that this issue is behind us," added Dave Mirra. "I look forward to working with Acclaim and to continue making the best BMX video games available for fans of the sport."