SOURCE: The Bedford Report

The Bedford Report

May 02, 2011 08:16 ET

Competitive Landscape in Game Design Sector Changes Dramatically

The Bedford Report Provides Analyst Research on Mad Catz & Glu Mobile

NEW YORK, NY--(Marketwire - May 2, 2011) - With the sudden rise of casual gamers and mobile gaming, several growth stories have begun to emerge in the Game Design industry. Sales of interactive games for numerous platforms have surged in the last year, while mobile gaming has been a direct beneficiary of the smartphone revolution. The Bedford Report examines the outlook for companies in the Game Design Industry and provides research reports on Mad Catz Interactive, Inc. (NYSE Amex: MCZ) and Glu Mobile, Inc. (NASDAQ: GLUU). Access to the full company reports can be found at:

www.bedfordreport.com/2011-04-MCZ

www.bedfordreport.com/2011-04-GLUU

According to a recent survey conducted by Information Solutions Group and released by PopCap Game, close to 34 percent of respondents said they have played a game on a mobile phone in the last month. With the rise of high functioning smartphones hitting the markets, the IDC predicts that the global mobile gaming market will reach $13B in revenues by 2014.

Glu Mobile is a leading global publisher of 3D Social Mobile games for smartphone and tablet devices. Glu Mobile saw 2.48 million downloads of free games with in-app purchases in March. The company recently announced that its new "Big Time Gangsta" App for iPad, iPhone, and iPod touch is now available on the App Store.

The Bedford Report releases regular market updates on the Game Design Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Mad Catz engages in the design, manufacture, marketing and distribution of accessories for videogame platforms, personal computers (PC), and iPod and other audio devices. Last month Mad Catz said that it secured $12.2 million in a private placement of its shares.

The company plans to use net proceeds from the placement, along with borrowings under its credit facility, to repay $14.5 million in convertible notes used in part to acquire Saitek.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer.

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