Mad Catz Enters into License Agreement with Marvel to Produce Fantastic Four Video Game Accessories
SAN DIEGO, CA -- April 19, 2005 -- Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), the world’s leading third party video game accessory provider, and Marvel Enterprises, Inc., a leading global entertainment and licensing company, announced today that they have entered into a license agreement, whereby Mad Catz has secured the rights to produce specialty video game accessories based on Marvel’s Fantastic Four Super Hero franchise for the PlayStation(R)2, Xbox(R), GameCube(TM), Nintendo DS(TM) and Sony PSP(TM) gaming systems.
Through the license agreement, Mad Catz plans to launch a range of “Fantastic Four” video game accessories to coincide with the Marvel Studios and 20th Century Fox summer-event movie, “Fantastic Four,” and Activision’s multi-platform “Fantastic Four” video game release.
Tim Rothwell, President of Marvel Enterprises’ Worldwide Consumer Products Media Group, stated, “We’ve entrusted these important Marvel characters with Mad Catz, a recognized leader in the video game accessories category, and are confident they will bring to the market innovative and quality products that showcase our properties before a broad audience.”
“Marvel’s classic characters appeal to millions of people throughout the world and we are excited to be developing video game accessories that appeal to fans of these Super Heroes,” said Darren Richardson, President and CEO of Mad Catz. “The ’Fantastic Four’ accessory line presents us with another great opportunity to offer compelling products at strong price points and to drive incremental sales outside of the traditional holiday selling season.”
For more information on the Mad Catz line of licensed accessories, or the rest of the Mad Catz product lineup, please 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.
About Marvel Enterprises
With a library of over 5,000 proprietary characters, Marvel Enterprises, Inc. is one of the world’s most prominent character-based entertainment companies. Marvel’s operations are focused in three areas: entertainment (Marvel Studios) and licensing, comic book publishing and toys. Marvel facilitates the creation of entertainment projects, including feature films, DVD/home video, video games and television based on its characters and also licenses its characters for use in a wide range of consumer products and services including apparel, collectibles, snack foods and promotions. Marvel’s characters and plot lines are created by its publishing segment that continues to expand its leadership position in the U.S. and worldwide while also serving as an invaluable source of intellectual property.
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.
Marvel, Fantastic Four, and the distinctive likeness thereof are trademarks of Marvel Characters, Inc., and are used with permission. Copyright (C) 2005 Marvel Characters, Inc. All rights reserved. www.marvel.com.
Super Hero(es) is a co-owned registered trademark.
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