The GameShark Media Player to Debut Next Week at E3
SAN DIEGO, May 9 /PRNewswire-FirstCall/ --
Mad Catz Interactive, Inc. (Amex: MCZ; Toronto), the world's leading third
party video game enhancement and accessories manufacturer, today announced
that it will introduce its new GameShark Media Player for the PlayStation(R)2
(PS2) at the Electronic Entertainment Expo (E3), May 14-16 at the Los Angeles
Convention Center. The GameShark Media Player enables users to stream music,
video, and images from their computer to their television or entertainment
system through their PS2 and network adapter.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030314/LAF049LOGO )
Under an exclusive distribution agreement with BroadQ, LLC, an independent
software developer revolutionizing the delivery of digital entertainment for
game consoles, Mad Catz will license BroadQ's QCast technology to power the
GameShark Media Player. The agreement includes retail distribution rights in
North and South America.
The "Media Player" software is built to leverage the powerful PlayStation2
game console and uses the platform network adaptor to stream digital media.
By using the PS2, consumers have more choices for enjoying digital content
they have created, or stored on their computer. The GameShark Media Player
will retail for $49.95 US and will be available in retail stores
mid-June, 2003.
"We've identified the digital media category as a strategic opportunity
for Mad Catz as we begin to compete more aggressively in the online
enhancement market," said Darren Richardson, President and Chief Operating
Officer of Mad Catz, Inc. "Our agreement with BroadQ highlights our
initiatives to grow our online business by providing innovative products and
technologies to our customers."
The GameShark Media Player Release 2.0 features:
-- Playback capability of video formats: MPEG-1, 2 & 4, DivX 3.X, 4.X and
5.X video, and others
-- Playback capability of music formats: MP3, and OGG.
-- Viewing of standard digital photography formats: JPEG, and PNG.
-- Support for 16:9 display ratio and progressive scan (480p)output (with
a HDTV and component cabling)
-- Easy to use auto-configuration network setup
-- Full trick-play functionality (VCR functions, such as fast-forward,
rewind, pause, stop and play)
-- Support for video resolutions: up to 720x320 (letterbox and 512X384
(4:3)
-- Parental or access controls
-- Multi-server, multi-client support
"Mad Catz is an ideal choice as our partner to distribute and market our
technology to PS2 owners throughout the Americas," commented Stacy Cook,
President and CEO of BroadQ, LLC. "This agreement is the first step in making
our QCast technology a standard for digital media distribution worldwide."
About BroadQ
BroadQ, LLC, is an independent software company that develops innovative
technologies that revolutionize the distribution of digital entertainment by
leveraging the processing power of widely-available game consoles to decode
and play network delivered digital media on televisions and stereos. BroadQ's
QCast technology is marketed and distributed by industry leading partners
using the "Powered by QCast Technology" brand. Founded in 2002, BroadQ is
headquartered in Austin, Texas.
About Mad Catz Interactive, Inc.
Mad Catz Interactive, Inc., ( http://www.madcatz.com ), designs, develops,
manufactures and markets a full range of high quality, competitively priced
accessories for video game consoles and portables, including the industry
leading GameShark brand of video game enhancements. Mad Catz is a worldwide
leader of innovative peripherals in the interactive entertainment industry,
with distribution through nine of the top ten U.S. retailers offering
interactive entertainment products. With operating headquarters in San Diego,
California, Mad Catz has offices in Canada, the U.K. and Asia, as well as
distributors in Europe and Australia.
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," "plan," "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 our current products; first party price
reductions; the ability to successfully market both new and existing products
domestically and internationally; difficulties or delays in manufacturing;
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.
SOURCE Mad Catz Interactive, Inc.
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Related links:
http://www.madcatz.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20030314/LAF049LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
CONTACT:
Aimee Mabe of Mad Catz Interactive, Inc.,
+1-619-683-9830, ext. 308, amabe@madcatz.com; or Mary Browning of
BroadQ, LLC, +1-512-472-3626, mary@broadq.com
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