Shacknews Document

Atari Reports Receipt of Nasdaq Staff Deficiency Letter

NEW YORK, March 9 -- Atari, Inc. (Nasdaq: ATAR - News), a leader in interactive entertainment, today announced that, as expected, it received a Nasdaq Staff Deficiency Letter on March 3, 2006, indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4450(e)(2).

The Company will be provided 180 calendar days, or until August 30, 2006, to regain compliance. If, at anytime before August 30, 2006, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, Nasdaq will provide written notification that it has achieved compliance with the Rule. If the Company does not regain compliance with the Rule by August 30, 2006, Nasdaq will provide written notification that its securities will be delisted. At that time, the Company may appeal Nasdaq's determination to delist its securities to a Listing Qualification Panel.

About Atari New York-based Atari, Inc. (Nasdaq: ATAR - News) develops interactive games for all platforms and is one of the largest third-party publishers of interactive entertainment software in the U.S. The Company's 1,000+ titles include hard-core, genre-defining franchises such as DRIVER(TM), The Matrix(TM) (Enter The Matrix and The Matrix: Path of Neo), Stuntman(TM) and Test Drive®; and mass-market and children's franchises such as Nickelodeon's Blue's Clues(TM) and Dora the Explorer(TM), and Dragon Ball Z®. Atari, Inc. is a majority- owned subsidiary of France-based Infogrames Entertainment SA (Euronext - ISIN: FR-0000052573), the largest interactive games publisher in Europe. For more information, visit http://www.atari.com.