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| Mad Catz Enters into License Agreement with Microsoft to Offer Halo(R) 3 Licensed Merchandise |
Multi-Year Accessory Agreement to Support Best-Selling Xbox 360(TM) Franchise SAN DIEGO, Calif.--(BUSINESS WIRE)--May 11, 2007--Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party video game accessory provider, announced today that it has entered into a multi-year agreement with Microsoft to produce faceplates featuring characters from the highly-anticipated Halo 3 video game. Halo 3 is the latest chapter in the Halo trilogy, the international award-winning action series that has grown into a global entertainment phenomenon, selling more than 14.7 million units worldwide and spawning action figures, books, a graphic novel, apparel, collectibles and more. "Microsoft has created an epic trilogy that has become the most successful software franchise in Xbox history and Mad Catz is pleased to be aligned with what promises to be another highly entertaining offering in this series," said Darren Richardson, President and Chief Executive Officer of Mad Catz. "The addition of this marquee license to our portfolio is further evidence of the ongoing success in our initiative to align ourselves with the most appealing brands and popular software launches to produce stylish products and accessories for gamers worldwide. We look forward to once again supporting Microsoft on the continuation of this popular franchise as Halo 3 launches later this calendar year." Mad Catz anticipates that the Halo-themed products will be available prior to the launch of the game at select major video game retailers throughout the United States, Canada, and Europe. For more information visit www.madcatz.com. About Mad Catz Interactive, Inc. Mad Catz is a worldwide leader of innovative peripherals in the interactive entertainment industry. Mad Catz designs and markets a full range of accessories for video game systems and publishes video game software, including the industry leading GameShark brand of video game enhancements. Mad Catz has distribution through most leading retailers offering interactive entertainment products. Mad Catz has its operating headquarters in San Diego, California and offices in Canada, Europe and Asia. For additional information go to www.madcatz.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.
CONTACT: Mad Catz Interactive, Inc. |
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