THQ Appoints Gary Rieschel to Company Board of Directors
1 February 2007
AGOURA HILLS, Calif., Jan. 31 /PRNewswire-FirstCall/ THQ Inc. (Nasdaq: THQI) today announced the appointment of Gary Rieschel to its Board of Directors. Rieschel fills a new seat on the THQ board, which has expanded from six to seven directors.
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Rieschel has more than 25 years of operating and investing experience in the information technology industry. He is the founder of Qiming Venture Partners, a $200 million fund that invests in early stage Chinese companies. Rieschel also founded SOFTBANK Venture Capital/Mobius Venture Capital, a $2 billion fund based in the United States, which invested in more than 50 technology companies during Rieschel's tenure. Prior to his years as a venture capitalist, Rieschel held senior executive positions at Cisco Systems, Intel Corporation, Sequent Computer Systems and nCUBE.document.write('');
"Gary brings tremendous experience in Asian markets to our board," said Brian Farrell, president and CEO of THQ. "We are delighted to tap into his expertise as we pursue our global growth strategies."
Rieschel, who holds a M.B.A. from Harvard University and a B.A. from Reed College, resides in Shanghai with his wife and two children.
About THQ Inc.
THQ Inc. (Nasdaq: THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers and wireless devices. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, THQ Wireless, and their respective logos are trademarks and/or registered trademarks of THQ Inc.
The statements contained in this press release that are not historical facts may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as "THQ"), including but not limited to expectations and projections related to THQ's business plans, strategies and objectives, and are based upon management's beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward looking statements, including, but not limited to economic, competitive and technological factors affecting the operations, markets, products, and pricing of THQ. Readers should carefully review the risk factors and the information that could materially affect THQ's financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and Annual Report on Form 10-K/A for the fiscal period ended March 31, 2006, and particularly the discussion of risk factors that may affect results of operations set forth therein. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Contact: Liz Pieri THQ/Communications 818/871-5061 Julie MacMedan THQ/Investor Relations 818/871-5125 SOURCE THQ Inc.
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Source: dmnnewswire
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