SOURCE: The Bedford Report

The Bedford Report

July 12, 2011 08:16 ET

Sales Surge for Sky-mobi and Mad Catz Interactive

The Bedford Report Provides Equity Research on Sky-mobi and Mad Catz Interactive

NEW YORK, NY--(Marketwire - Jul 12, 2011) - Sales of interactive games and apps for numerous platforms have surged in the last year. Mobile games and mobile apps have been a direct beneficiary of the smartphone revolution, while more traditional videogame platforms are seeing sales rise. The Bedford Report examines the outlook for companies in the Technology Sector and provides research reports on Sky-mobi Limited (NASDAQ: MOBI) and Mad Catz Interactive, Inc. (NYSE Amex: MCZ). Access to the full company reports can be found at:

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.

China-based Sky-mobi Limited operates mobile social games and provides applications with social networks to its registered members. Last month the company announced that it has entered into a partnership agreement with, operator of the largest online dating platform in China.

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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 it generated record net sales of $184.0 million for fiscal 2011, a 54.6% increase from $119.0 million in fiscal 2010.

Mad Catz recently entered into a Publisher License Agreement with Microsoft Corporation. The agreement allows Mad Catz to submit games to be published on the Xbox 360 video game and entertainment system from Microsoft.

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