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Acclaim Entertainment, Inc. Appoints Edmond Sanctis as President and COO

(January 03, 2002)
Acclaim Entertainment, Inc. today announced that it has appointed Edmond Sanctis to the position of President and Chief Operating Officer.

Reporting directly to both company Co-Chairmen, Gregory Fischbach and James Scoroposki, Sanctis will be responsible for overseeing the performance and strategic growth of the company's North American operations, including product development, marketing, sales and manufacturing.

"Edmond possesses vast leadership skills and a wealth of media and entertainment knowledge. His broadband and Internet expertise will greatly enhance our organization as the interactive entertainment industry is poised to grow exponentially during this next-generation hardware cycle," said Gregory Fischbach, Chief Executive Officer of Acclaim. "We're confident that he will play an integral role in our continued success and ensure that we leverage all of our resources and the latest technologies to strengthen our position within the industry."

Prior to joining Acclaim, Sanctis spent seven years as an executive at NBC in new media, entertainment, and corporate and business development. From November 1999 to November 2000, he served as President and COO of NBC Internet Inc., where he managed consumer operations. In January 2000, Sanctis co-led NBCi's public offering, raising approximately $280 million. Previously, at NBC, he was instrumental in forming the NBC-Microsoft strategic alliance, including the development and launch of MSNBC. Sanctis also founded the network's digital publishing, enhanced TV and Internet operations, which produced such award-winning initiatives as the interactive companion programming for the 1996 Summer Olympic Games. In 1994, he developed the plan for the reorganization of the NBC Entertainment division, and the restructured, team-based organization went on to dominate prime-time television for the rest of the decade.

Prior to NBC, Sanctis worked at Sony USA in marketing and communications. He began his career as a television news producer and reporter, working in several cities around the United States from 1985 to 1990.

Sanctis received his MBA from the Columbia Business School in 1993. In 1985, he graduated from the University of Maryland with a degree in Journalism. He is a founding member of the Executive Committee of the Television Academy of Arts and Sciences Interactive Peer Group. Sanctis was formerly an advisor to Genuity, a leading Internet infrastructure services company, and was also on the board of directors of Telocity, a consumer broadband service provider that was purchased by DIRECTV in April 2001.

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