Notice is hereby given to the stockholders of Infogrames Entertainment (Paris:IFG) (NASDAQ:ATAR) that the Annual and Special Stockholders' Meeting convened on first notice for September 29, 2006 will not take place because quorum requirements were not met.
The Meeting will therefore be convened on second notice for:
Thursday, October 12, 2006 at 5:00 p.m.
at the Hilton Hotel
Salon Tete d'Or
70 Quai Charles de Gaulle
69006 LyonIt should be noted that the special stockholders' meeting will be called upon to vote on resolutions relating to the implementation of the plan to refinance the Company's overall debt, as announced on September 12.
The plan proposed by Infogrames' Board of Directors aims to resolve the company's debt problem by reducing debt to historically low levels. Infogrames' current net debt of € 197 million has seriously handicapped the company's performance and limited its future growth.
The proposed plan would also improve Infogrames' cash balances, thus enabling the company to focus on its industrial business and capitalize on the release of next-generation consoles.
Strong stockholder support is essential for the success of the debt refinancing plan, which would help shore up Infogrames' finances and enable the company to focus its efforts and resources on the future.
All documentation relating to the Meeting can be obtained at www.atari.com / Infogrames Ent. IR, or upon request from the Company's principal office at 1 Place Verrazzano, 69252 Lyon cedex 09.
About Infogrames Entertainment and Atari
Infogrames Entertainment (IESA), the parent company of the Atari Group, is listed on the Paris Euronext stock exchange (ISIN code: FR-0000052573) and has two principal subsidiaries: Atari Europe, a privately-held company, and Atari, Inc., a United States corporation listed on NASDAQ (ATAR).
The Atari Group is a major international producer, publisher and distributor of interactive entertainment software for all market segments and in all existing game formats (Microsoft, Nintendo and Sony) and on CD-ROM for PC. Its games are sold in more than 60 countries.
The Atari Group's extensive catalogue of popular games is based on original franchises (Alone in the Dark, V-Rally, Test Drive, Roller Coaster Tycoon, etc.) and international licenses (Matrix, Dragon Ball Z, Dungeons & Dragons, etc.).
