Mad Catz Signs North American Distribution Agreement with In2Games for Gametrak(TM) Motion Capture system
SAN DIEGO, Jan. 10 /PRNewswire-FirstCall/ -- Mad Catz Interactive, Inc. (AMEX:MCZ) Toronto, the world's leading third-party video game accessory maker, today announced an exclusive North American distribution agreement with In2Games. In2Games is a UK-based hardware manufacturer and entertainment software publisher. Mad Catz has acquired the rights to distribute the revolutionary Gametrak(TM) motion capture system and will launch two compatible game titles for PlayStation 2, Xbox and PC to retailers in the North American market.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030314/LAF049LOGO ) "Mad Catz has always been known for peripherals but we are expanding our offerings to include both cutting-edge hardware and new software titles adding new revenue streams to our already robust line-up," said Darren Richardson, President and CEO of Mad Catz. "By working with In2Games we have found a company that understands how to both excite the consumers and use innovative new ideas to drive the market forward." This new motion capture technology will be used in a series of games to be distributed by Mad Catz in the first quarter of this year for a variety of consoles and the PC. The technology has the ability to accurately simulate many human movements down the millimeter and will be an integral part of many upcoming sports related titles. Mad Catz will be promoting this new technology and the games that use it in the 1st Quarter of next year as they launch.
"We are very excited at the prospect of working with an industry leader like Mad Catz," said Elliott Myers, CEO of In2Games. "They have both the expertise to bring a new product to market swiftly and the knowledge it takes to make that product a true hit with the public." Please contact us for more information, or see our website at http://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 http://www.madcatz.com/.
About In2Games Limited In2Games is dedicated to creating new and exciting gaming experiences through the creative combination of hardware and software. In2Games combines expertise in hardware design and manufacture with leading-edge software development, resulting in a new range of console and PC products offering gamers brand-new experiences. In2Games is a licensed publisher for PlayStation(R)2 and Xbox(R) software in Europe, and has offices in the United Kingdom and Hong Kong. For additional information, go to http://www.in2games.uk.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. Traction Public Relations
Sean Parry, 619-683-9830 or David Tractenberg, 310-593-4719
In2Games Limited
Harry Holmwood, +44(0)7818 048961
http://www.in2games.uk.com http://www.newscom.com/cgi-bin/prnh/20030314/LAF049LOGO http://photoarchive.ap.org/ DATASOURCE: Mad Catz Interactive, Inc.
CONTACT: Sean Parry of Mad Catz Interactive, Inc., +1-619-683-9830, ; or David Tractenberg of Traction Public Relations, +1-310-593-4719, , for Mad Catz Interactive, Inc.; or Harry Holmwood of In2Games Limited, +44(0)7818 048961, Web site: http://www.madcatz.com/
|