Mad Catz Interactive, Inc. (“Mad Catz” or “Company”) (NYSE MKT/TSX: MCZ) announced today the opening of a South Korean sales office of its Mad Catz Interactive Asia subsidiary focused on sales, marketing and community development.
“Since opening our first international sales office in 2002 we have built teams of sales and marketing professionals working directly with most key retailers across North America, Europe and Asia. Our international market expansion remains a key driver of our success, with over 54% of our fiscal 2012 sales generated outside the United States,” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “Over the last few years, the Asia Pacific region has been a growth market for Mad Catz products, with sales growth of 40% in fiscal 2012. The opening of a sales office in South Korea marks another milestone in the Company’s strategic plan to broaden its geographic footprint in key markets.”
About Mad Catz
Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz ® (gaming), Tritton ® (audio), and Saitek ® (simulation) brands. Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. Mad Catz distributes its products through most leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to www.madcatz.com.Social Media Facebook: http://www.facebook.com/MadCatzInc Twitter: http://twitter.com/MadCatzInc YouTube: http://www.youtube.com/MadCatzCompany Safe Harbor 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.