MWY Midway Games

Midway Games Inc. (NYSE: MWY), a leading interactive entertainment software publisher and developer, today announced a planned global ship date of February 16, 2009, for Wheelman�, the upcoming open-world driving game starring action-film megastar Vin Diesel as an expert driver for hire. Set in picturesque Barcelona, the game is scheduled to be available in stores everywhere by February 20, 2009, for the Xbox 360� video game and entertainment system from Microsoft, the PLAYSTATION�3 computer entertainment system and personal computers. Co-produced by Vin Diesel and created in close partnership with Diesel�s video game production company Tigon Studios, Wheelman is being developed by Midway Studios - Newcastle Ltd., a Midway internal studio that has assembled an international world-class team fusing proven industry veterans with a AAA track record and future emerging talent focused on creating high quality, best-in-breed gaming experiences. �We�re designing Wheelman to play like a Hollywood blockbuster,� said Vin Diesel, Wheelman star and executive producer, Tigon Studios. �Playing this game will be just like taking control of the greatest car chases from feature films, except this time you�re in the driver�s seat.� �Featuring Vin Diesel and set in Barcelona, Wheelman is a title with enormous sales potential ,� said Martin Spiess, executive vice president, international of Midway Games Ltd. �We�re making a multi-million dollar marketing investment to make sure that gamers around the world are ready when Wheelman goes on sale worldwide, which we have planned for February 2009.� Midway is working closely with Vin Diesel and Tigon Studios to create an all-new property that is expected to eventually lead to a feature film, with a script that is already in development. �This is not just another run-of-the-mill, licensed Hollywood knock-off,� said Matt Booty, president and CEO, Midway. �Wheelman features revolutionary new game design mechanics like cinematic super moves and vehicular combat. Once you experience Wheelman�s Vehicle Melee, you�ll never want to play another driving game without it!� Vehicle Melee allows gamers to sideswipe pursuing enemies with a simple flick of the joystick Wheelman�s devastating �slam-n-ram� maneuvers can be carried out in all directions, just like you�d see in a Hollywood-style car chase. Inspired by Hollywood�s most famous action-sequences, Wheelman will deliver powerful cinematic moments throughout the game�s compelling storyline. For the most up-to-date information, screens and trailers for Wheelman, log onto www.wheelmangame.com, About Wheelman Action film megastar Vin Diesel and his Tigon Studios are again blurring the lines between entertainment mediums, this time collaborating with Midway in the design and production of Wheelman to ensure an edge-of- your-seat gaming experience. Diesel�s voice and likeness will appear as the game�s main character, expert Wheelman Milo Burik. Combining spectacular Hollywood-style stunts with a gripping storyline, Wheelman provides an adrenaline-fueled, cinematic thrill ride guaranteed to leave you breathless. Vin Diesel stars as an undercover agent and highly skilled driver who must infiltrate the Barcelona underworld to gather intelligence surrounding a covert heist. Posing as a driver-for-hire, he ends up caught in a crossfire of corruption and chaos while trying to stay one step ahead of local law enforcement and rival gangs. About TIGON STUDIOS Based in Los Angeles, California, TIGON STUDIOS was founded in 2002 by Vin Diesel with the goal of breaking new ground in interactive franchise entertainment by bringing strong story, high production value and interesting and intelligent characters which can exist in multiple mediums, simultaneously to the gaming and film & television industries. TIGON focuses on creating properties that can be launched in both mediums. The only game production company founded by a major motion picture star, TIGON combines a film industry style business model with veteran talent from the gaming industry to produce the highest quality of interactive entertainment. In its unique role, TIGON works closely with both the developer and the publisher of its games to ensure clear creative vision and quality in each title. By combining the strengths of traditional film development with the innovations of the video game world, TIGON is in an exclusive position to ensure streamlined production across various platforms. The first game produced by TIGON, Chronicles of Riddick: Escape from Butcher Bay, was a critical hit. As a producer on the project, Diesel co-designed the game and rendered voice-over and motion-capture service. The Chronicles of Riddick game was published by Vivendi-Universal Games, developed by Starbreeze and released simultaneously with the film released by Universal Studios. By following this model of cross-market development, TIGON is the future of interactive entertainment. About Midway 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. Wheelman is a trademark of Midway Home Entertainment Inc. �PlayStation", �PLAYSTATION� and the "PS" Family Logo are registered trademarks of Sony Computer Entertainment Inc. Xbox 360 and Xbox Live are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other trademarks are the property of their respective companies. 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 Company's 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.