Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has renewed and expanded its multi-year licensing agreement with Microsoft Corporation (“Microsoft”). Pursuant to the agreement, Mad Catz has extended its rights to manufacture, market, and sell Xbox 360- branded console-carrying backpacks and messenger bags, as well as sling bags for controllers and other game accessories. The rights relate to North America, Western Europe and Australia.
“We are pleased to extend this agreement with Microsoft,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “Powerful brands, such as Xbox 360, are an important part of our growing licensed accessories business, and we look forward to continuing our partnership with Microsoft to offer videogame fans stylish Xbox 360-branded carrying cases for their consoles and game accessories.”
About Mad Catz Interactive, Inc.
Mad Catz is a global leader in providing innovative peripherals for the interactive entertainment industry. Mad Catz designs and markets accessories for video game systems and publishes video game software, including the industry-leading GameShark video game enhancements, under its Mad Catz, GameShark and Joytech brands. Mad Catz also designs and markets mice, keyboards, headsets, PC gaming controllers and other PC peripherals through its Saitek brand, and develops, manufactures and markets proprietary portable earphones under its AirDrives brand. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products and has offices across Canada, Europe and Asia. For additional information please go to www.madcatz.com, as well as www.gameshark.com, www.airdrives.com, www.saitek.com and www.joytech.net.
Safe Harbor for Forward Looking Statements: This press release contains forward-looking statements about the Company's business prospects that involve substantial risks and uncertainties. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "should," "plan," "goal," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: the ability to maintain or renew the Company's licenses; competitive developments affecting the Company's current products; first party price reductions; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; or a downturn in the market or industry. A further list and description of these risks, uncertainties and other matters can be found in the Company's reports filed with the Securities and Exchange Commission and the Canadian Securities Administrators.
Contacts:
Stewart Halpern, 800-831-1442
Chief
Financial Officer
or
Jaffoni & Collins Incorporated
Joseph
Jaffoni/David Jacoby, 212-835-8500
mcz@jcir.com
