Sony Computer Entertainment America markets the PlayStation family of video game products and develops, publishes, markets, and distributes software for the Playstation, PlayStation2 and Playstation Portable computer entertainment systems for the North American market. PlayStation offered customers 3D graphic processing, and PlayStation 2 enhanced the PlayStation legacy as the core of home networked entertainment. PSP is a new portable entertainment system that allows users to enjoy 3D games, with full-motion video, and high-fidelity stereo audio. The company launched its first gaming console in 1995 and will release its next generation Playstation3 entertainment system in 2006. PlayStation s family of products are sold in more than 120 countries and regions around the world. Located in San Mateo, Calif., SCEA serves as headquarters for all North American operations and is a wholly-owned subsidiary of Sony Computer Entertainment.