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07.11.2008 21:31

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Midway Appoints New Chairman

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Midway Games Inc. (NYSE:MWY) today announced that the Companys Board of Directors has appointed Peter C. Brown as Chairman of the Board.

Mr. Brown joined Midways board in 2005, and currently serves as a member of the Audit Committee. Mr. Brown is Chairman of the Board, Chief Executive Officer and President of AMC Entertainment Inc. (AMC). Mr. Brown has served as the Chairman and Chief Executive Officer of AMC since July 1999 and President since January 1997. Mr. Brown is a Director of Embarq Corporation, National CineMedia, Inc. and MovieTickets.com.

Mr. Brown succeeds Shari E. Redstone, who has resigned from the Companys Board of Directors. Ms. Redstone joined Midways Board of Directors in 2004, and she was the vice chairwoman of the board and has served in the past on the Nominating and Corporate Governance Committee and the Compensation Committee.

"I was honored to serve on the Midway Board for the past four years, most recently as its Chair, said Shari Redstone, President of National Amusements, Inc. "With my recent appointment to the Special Committee of the National Amusements Board of Directors, I am resigning from the Midway Board to focus on these responsibilities.

About Midway Games

Midway Games Inc. (NYSE:MWY), headquartered in Chicago, Illinois, with offices throughout the world, is a leading developer and publisher of interactive entertainment software for major videogame systems and personal computers. More information about Midway and its products can be found at www.midway.com.

FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning future business conditions and the outlook for Midway Games Inc. (the "Company") based on currently available information that involves risks and uncertainties. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of these risks and uncertainties, including, without limitation, the financial strength of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, dependence on major platform manufacturers and other risks more fully described under "Item 1. Business - Risk Factors" in the Companys Annual Report on Form 10-K for the year ended December 31, 2007, and in more recent filings made by the Company with the Securities and Exchange Commission. Each forward-looking statement, including, without limitation, financial guidance, speaks only as of the date on which it is made, and Midway undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances, except as required by law.

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