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Santa Clara, CA, November 18th, 1997 -- Panasonic Interactive Media Co. announced today that effective immediately, it has acquired exclusive North American distribution rights for all of the 7th Level Monty Python computer entertainment products from Take-Two Interactive Software, inc. The agreement includes Monty Python's Meaning of Life, Monty Python and The Quest for the Holy Grail, Monty Python's Complete Waste of Time, and Monty Python's Desktop Pythonizer. Take-Two Interactive Software, Inc. has retained European distribution rights for the titles.

Scheduled for release in December, 1997, is Monty Python's The Meaning of Life. It is the biggest and most challenging game in the series, encompassing a two CD set. A comedy-strategy adventure title, Monty Python's The Meaning of Life features scores of full motion video clips from the original film, previously unreleased footage, new dialogue from all of the Monty Python members (including Graham Chapman), original Terry Gilliam artwork and a game design that is sure to delight everyone from the casual player to the serious gamer. The game also features Python-patented Surround-O-Vision, which allows the player to have 360 degrees of navigation in the search for...The Meaning of Life.

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Panasonic Interactive Media Co. (PIM) is a newly formed division of Matsushita Electric Corporation of America (MECA) dedicated to interactive content and content delivery systems. Based in Santa Clara, California, PIM delivers hardware and software products for many different interactive platforms including PC and Macintosh home computer systems. Its parent company, Matsushita Electric Corporation of America (MECA), is headquartered in Secaucus, NJ. Established in 1959, it is the principal North American subsidiary of Matsushita Electric Industrial Co., Ltd. (MEI) (NYSE: MC) of Osaka, Japan. Along with its subsidiaries and affiliates, MECA -- which markets products under the Panasonic, Technics and Quasar brands -- recorded sales of $7.3 billion in the fiscal year ended March 1996. Matsushita has 22 North American manufacturing sites in the United States, Canada, Mexico and Puerto Rico, and employs over 16,000 people here. MEI was a Worldwide Official Sponsor of the 1996 Atlanta Summer Olympic Games.

Take-Two Interactive Software, established in 1993, develops, markets, distributes, and publishes high quality interactive entertainment software games for PC and next generation set-top platforms. Upcoming releases include Wheel of Fortune and Jeopardy! For the Nintendo 64 and Jetfighter: Full Burn and Black Dahlia for the PC. Award winning titles include: Jetfighter Platinum, Dark Colony, Jetfighter III, Ripper, AD&D's Iron & Blood, Hell: A Cyberpunk Thriller, and Star Crusader. Take-Two is headquartered in New York City, with a sales, marketing, and distribution office in Windsor, England, a sales and distribution office in Midlothian, VA and development offices in Latrobe, PA, Ontario, Canada, and Inverness, IL.

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