Agoura Hills, CA - September 13, 2010 - THQ Inc. (NASDAQ:THQI) today announced an updated core games release schedule that reflects a consistent, steady launch of hit titles in fiscal 2012, now including Red Faction(R) ArmageddonTM in May 2011.
In addition to Red Faction Armageddon, THQ's fiscal 2012 core games line-up is expected to include Warhammer(R) 40,000(R) Space Marine(R), MX vs. ATV(R) Alive(TM) and the latest edition of Saints Row(R), as well asthe next installments of fighting games based on the Ultimate Fighting Championship(R) and World Wrestling Entertainment(R), positioning THQ to grow net sales and generate significant earnings and cash flow in fiscal 2012.
THQ President and CEO Brian Farrell said, "THQ's creative organization is delivering a strong pipeline of core game franchises scheduled for release over the next several years, positioning THQ for significant net sales, earnings and cash flow growth. We continue to execute on our plan to deliver great games, market them aggressively and release them in the most advantageous windows."
Primarily as a result of the updated release schedule for Red Faction Armageddon, THQ now expects to report fiscal 2011 non-GAAP net sales in the range of $800 million to $825 million and a non-GAAP loss per share in the range of $0.10 to $0.20.
THQ's core games release schedule* in fiscal 2012 includes: Title: Anticipated Release Date:
Red Faction Armageddon May 2011
MX vs. ATV Alive Spring 2011
Warhammer 40,000: Space Marine Summer 2011
Saints Row Fall 2011
WWE Fall 2011
UFC Winter 2012
*Release schedule subject to change
