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|Mad Catz Signs Agreement with Major League Gamingto Collaborate on Premium Controllers and Fight Sticks for Professional Competitors and Gaming Enthusiasts|
SAN DIEGO, Jun 02, 2010 (BUSINESS WIRE) --Mad Catz Interactive, Inc. (NYSEAmex/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has entered into an agreement with Major League Gaming Inc. to develop MLG-branded PC and videogame controllers and fight sticks for the professional and high-end consumer gaming markets ("MLG Products"). The multi-year deal gives Mad Catz an exclusive global license to use MLG's marks in connection with MLG Products developed pursuant to the agreement. In addition, Mad Catz will become a sponsor of MLG Pro Circuit Competitions.
"Both professionally and as gaming enthusiasts ourselves, we have tremendous respect for MLG and its talented competitors," said Darren Richardson, President and Chief Executive Officer of Mad Catz. "This new affiliation provides us the opportunity to work in close collaboration with the world's best gamers and is a further example of Mad Catz' commitment and capabilities to develop and globally distribute accessories which provide an unsurpassed gaming experience to professional competitors and hard-core gamers."
"As one of the world's leading gaming accessories companies, Mad Catz is the ideal partner for MLG as we look to take our gameplay to an even higher level," said Sundance DiGiovanni, co-founder and interim CEO of Major League Gaming. "Our competitors demand the highest quality accessories available, and that's why we chose to work with Mad Catz. Their commitment to excellence is unsurpassed, and we can't wait for our competitors and fans to have a chance to play with the upcoming line of Mad Catz MLG Products."
About Mad Catz Interactive, Inc.
Mad Catz is a leading global provider of innovative products for the interactive entertainment industry. Mad Catz develops and markets accessories for videogame systems and PCs under its Mad Catz (casual gaming), Saitek (simulation), Cyborg (pro gaming), Eclipse (home and office) and TRITTON (audio) brands. Mad Catz also operates e-commerce and content websites for videogame and PC products under its GameShark brand, develops, manufactures and markets proprietary earphones under its AirDrives brand, and publishes and distributes video/PC games. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to http://www.madcatz.com as well as http://www.store.gameshark.com, http://www.saitek.com, http://www.cyborggaming.com, http://www.eclipsetouch.com, http://www.trittontechnologies.com, http://www.gameshark.com and http://www.airdrives.com.
About Major League Gaming
Major League Gaming is the largest professional video game league in the world. MLG is the dominant media property exclusively targeting the approximately 40 million consumers in North America who have a passion for playing video games as a competitive social activity, while giving sponsoring brands access to this highly influential demographic. For additional information please go to http://www.mlgpro.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.