Exhibit 99.2


INTERPLAY RECEIVES NASDAQ STAFF DETERMINATION LETTER REGARDING DELISTING
FROM NASDAQ SMALLCAP MARKET

IRVINE, Calif., Aug. 15  /PRNewswire-FirstCall/ -- Interplay Entertainment Corp.
(Nasdaq:  IPLY - News) announced today that the company  received a Nasdaq Staff
Determination  letter on August 14, 2002  indicating  that the company failed to
regain  compliance  with the minimum $1.00 bid price per share  requirement  for
continued  listing on The Nasdaq SmallCap  Market set forth in Marketplace  Rule
4310(c)(8)(D).  Pursuant  to an earlier  grace  period  granted  by Nasdaq,  the
company  had until  August 13,  2002 to regain  compliance  with the minimum bid
price per share requirement.

Additionally,  the Staff  informed  the company  that it was not eligible for an
additional  180  calendar  day grace period given that the company does not meet
the  initial  inclusion   requirements  of  The  Nasdaq  SmallCap  Market  under
Marketplace Rule 4310(c)(2)(A).  Specifically, the company does not qualify with
the  $5,000,000  stockholders'  equity,   $50,000,000  market  value  of  listed
securities, or $750,000 net income from continued operations requirement.

Nasdaq informed the company that its securities will be delisted from The Nasdaq
SmallCap  Market at the  opening  of  business  on August 22,  2002,  unless the
company appeals the Staff's  determination  no later than 4:00 p.m. Eastern Time
on August 21, 2002.  The company has requested a hearing before a Nasdaq Listing
Qualifications  Panel to review the Staff's  determination.  The hearing request
will  stay  the  delisting  of the  Company's  securities  pending  the  Panel's
decision.  There can be no  assurance,  however,  that the Panel  will grant the
company's request for continued listing.

About Interplay Entertainment Corp.

Interplay  Entertainment  is a leading  developer,  publisher and distributor of
interactive  entertainment  software  for both core gamers and the mass  market.
Interplay develops games for personal computers as well as next generation video
game  consoles,  many of which have  garnered  industry  accolades  and  awards.
Interplay  releases  products  through  Interplay,  Digital  Mayhem,  Black Isle
Studios,  its distribution  partners,  and its wholly owned subsidiary Interplay
OEM Inc.