The holiday season did not live up to anyone's expectations.

294

We're extremely proud of our entire sales team, and this new sales structure reflects our confidence in the team's abilities to maximize Take-Two's position in the video game industry. The individuals promoted today have played a leadership role in managing our sales initiatives for a number of years. We are further supporting our retail customer base to fit their needs and our growing business.

251

The comprehensive company-wide changes we have instituted in recent years, including implementing a series of internal controls and procedures designed to ensure that our financial reporting processes meet the highest standard of integrity and professionalism, and making key additions to our senior executive team and Board of Directors, have made our company much stronger.

214

We are very pleased to have John join our Board. He is an accomplished financial executive whose extensive experience as a financial advisor, senior corporate executive and auditor will be a great asset to both the Audit Committee and our company as a whole. We look forward to working with John and drawing on his wealth of experience and insight.

206

The entire management team and Board of Directors, and I, are very committed to our ongoing roles at Take-Two.

146

We are deeply concerned that the publicity surrounding these unauthorized modifications has caused the game to be misrepresented to the public and has detracted from the creative merits of this award winning product.

134