Mad Catz Interactive, Inc.
AMEX : MCZ
TSX : MCZ

Mad Catz Interactive, Inc.

July 12, 2005 17:18 ET

Mad Catz Interactive, Inc. Files Annual Financial Statements in the U.S. and Canada

SAN DIEGO--(CCNMatthews - Jul 12, 2005) -

Mad Catz Interactive, Inc. (AMEX/TSX: MCZ) announced today that the audited financial statements, Annual Information Form on Form 10-K and Management's Discussion and Analysis for the fiscal year ended March 31, 2005, have been filed as of the end of the day July 12, 2005 with the Ontario, Alberta and British Columbia Securities Commission and the United States Securities and Exchange Commission (SEC). The Company previously announced that the filings would be delayed until approximately July 14, 2005.

The Canadian filings may be accessed at www.sedar.com. The U.S. filings may be accessed at www.sec.gov and both the Canadian and U.S. filings will also be available at www.madcatz.com.

As previously reported, during the fourth quarter of fiscal 2005, Mad Catz determined that with the release of its fiscal 2005 fourth quarter and full year results, it would begin presenting its financial statements and reporting its results in accordance with U.S. GAAP (as opposed to Canadian GAAP which was previously followed) and would be filing its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K with the SEC, in addition to its Canadian securities requirements.

About Mad Catz

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; delays in the Company's ability to obtain products from its manufacturers in China as a result of the current slow-down at the shipping ports in Southern California; market and general economic conditions. 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 Information

  • Mad Catz Interactive, Inc.
    Cy Talbot, 619-683-9830
    or
    Jaffoni & Collins Incorporated
    Joseph Jaffoni / Carol Young, 212-835-8500
    mcz@jcir.com