SAN DIEGO--(BUSINESS WIRE)--Nov. 10, 2009--
Mad Catz Interactive, Inc. (NYSEAmex/TSX: MCZ), a leading third-party
interactive entertainment accessory provider, announced today that it
has opened a representative office in Barcelona, Spain, headed by German
Benac, Market Development Representative – Spain/Portugal. The new
office opening is consistent with the Company’s initiatives to increase
its global penetration of markets for its products as it seeks to expand
its business in Spain and Portugal.
“Although Spain and Portugal are still facing economic difficulties,
with a combined population over 50 million people, we view them as
important growth markets for Mad Catz over the long term,” said Darren
Richardson, President and Chief Executive Officer of Mad Catz.
“Establishment of this representative office will help enhance our
position in these key Southern European territories as we continue to
grow our global outreach.”
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 videogame systems and publishes videogame software,
including the industry-leading GameShark videogame 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,
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.
Source: Mad Catz Interactive, Inc.
Mad Catz Interactive, Inc.
Stewart Halpern, 800-831-1442
Jaffoni & Collins Incorporated
Jaffoni or Jim Leahy, 212-835-8500