Joytech North America Debuts At E3; Europe's Leading Third-Party Peripherals Manufacturer Offers U.S. Gamers Innovative Designs

NEW YORK, May 17, 2005 - JOYTECH North America, a division of Take-Two Interactive Software (NASDAQ: TTWO) and a leading designer/manufacturer of third-party video game peripherals, will showcase its exciting array of new video game accessories and home entertainment devices at the Electronic Entertainment Expo (E3) 2005 at the Los Angeles Convention Center, May 18-20, 2005. Among the products on display, JOYTECH's new 8-inch Digital LCD Monitor created exclusively for the newly re-designed PlayStation^®2, features the largest portable screen for the PlayStation^®2 with the highest resolution on the market.

JOYTECH's high-quality monitor transforms the lighter and thinner PlayStation^®2 into a totally portable entertainment system, allowing users to play games or watch DVD movies wherever and whenever. Perfect for interactive entertainment on the road, JOYTECH's product is the only monitor to come with an in-car power adapter and remote control. An optional TV tuner with a built-in multi AV adapter turns the system into a portable TV capable of storing more than 99 different local channels for automatic tuning.

Other video game and PC products JOYTECH will feature at the show include:

AV Control Center 240 Series:

Gamers and consumers who are tired of connecting and disconnecting wires to their TVs and/or other Hi-Fi equipment will appreciate JOYTECH's new AV Control Center. The new easy-to-use center allows for connection of up to 8 pieces of AV equipment at once. JOYTECH's Advanced Signal Controller feature ensures that the picture and sound quality from all AV sources remains pin sharp. Available in silver or black, each unit comes with an LCD display and a remote control. A simple input channel selector allows users to page through and select the AV source required.

Williams F1 Force Feedback Racing Wheel for PlayStation^®2:

For the ultimate Force Feedback (FFB) sensation and precision driving game experience, JOYTECH's new wheel is an authentic visual replica of the Official WilliamsF1 Team^TM FW23 Racing wheel. With the FFB resistance level controls, gamers can adjust how much they want to feel every realistic bump, jolt, and crash. Four wheel-mounted paddles and the Shift-Tronic Stick make it the most realistic driving accessory available.

Neo S 2.4GHz Wireless Controller for XBOX:

With 2.4 GHz technology, JOYTECH's new Neo S controller gives gamers maximum wireless control to an operating distance of up to 50 feet and rock solid response times with no dropout or time lag. The Neo S also allows eight gamers to play simultaneously. Packaged with three AAA Energizer batteries, the controller is ready to go for up to 100 hours of continuous gameplay.

Neo X 2.4 GHz Wireless Controller for PlayStation^®2:

Featuring 2.4 GHz technology, PlayStation^®2 fans can take the lead in their favorite game with the new Neo X wireless controller for PlayStation^®2. Highlights of the new Neo X include wireless operation of up to 50 feet and up to eight person simultaneous gameplay. The controller also comes with three AAA Energizer batteries, allowing gamers to play non-stop for up to 100 hours.

USB Neo S Controller for PC:

Featuring MouseMimik Technology^TM, which replicates mouse and keyboard functions, JOYTECH's USB Neo S Controller has up to 24 programmable actions, 10 programmable action buttons and a programmable D-Pad. The controller features a sculptured ergonomic design and rubber grips for increased comfort.

The above products plus JOYTECH's full range of accessories for each major video game console and handheld system, including PlayStation^®2, Xbox^TM, Nintendo^® GameCube^TM, Sony PSP^® and Nintendo^® DS, as well as PCs, will be displayed at E3 2005 in JOYTECH's Meeting Room 150A, Concourse Hall, Los Angeles Convention Center.

About JOYTECH North America

Headquartered in New York, JOYTECH North America, a wholly owned subsidiary of Take-Two Interactive Software, Inc., brings Europe's premier peripherals line to the U.S. All JOYTECH products are designed and built in-house, offering gamers high-quality products for all the gaming consoles, as well as PCs, at competitive prices. For further information on JOYTECH peripherals, please visit: www.joytech.net

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. is an integrated global developer, marketer, distributor and publisher of interactive entertainment software games and accessories for the PC, PlayStation^® game console, PlayStation^®2 computer entertainment system, PSP^TM handheld entertainment system, Xbox^®, Nintendo GameCube^TM and Game Boy^® Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K Games and Global Star Software; and distributes products in North America through its Jack of All Games subsidiary. Take-Two also manufactures and markets video game accessories in Europe, North America and the Asia Pacific region through its Joytech subsidiary. The Company maintains sales and marketing offices in Cincinnati, New York, Toronto, London, Paris, Munich, Madrid, Vienna, Milan, Sydney, Breda (Netherlands) and Auckland. Take-Two's common stock is publicly traded on NASDAQ under the symbol TTWO.

For more corporate and product information please visit our website at www.take2games.com.

All trademarks and copyrights contained herein are the property of their respective holders.

Safe Harbor Statement under the Private Securities Reform Act of 1995: This press release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of factors. These important factors are described in the Company's Form 10-Q for the quarter ended January 31, 2005 in the section entitled "Cautionary Statement and Risk Factors".

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