Brings Over 40 Years of International Business Expertise
SAN DIEGO, December 5 /CNW/ - Mad Catz Interactive, Inc. (AMEX/TSX: MCZ),
a leading third-party interactive entertainment accessory provider, announced
today the appointment of John C. DeRuig to the Company's Board of Directors.
The appointment of Mr. DeRuig expands the size of the Company's Board to six
members, five of whom are considered independent under the corporate
governance standards of the American Stock Exchange.
After beginning his career as a Certified Public Accountant, Mr. DeRuig
spent 20 years in positions of increasing responsibility at Mattel, Inc.,
including serving as General Manager of Mattel Germany, General Manager of
Mattel France, Vice President of Mattel Europe and Vice President of Mattel
Electronics. Mr. DeRuig also served for 13 years as a member of the European
Mergers & Acquisitions group and General Manager of two subsidiaries of
Buhrman NV (Corporate Express), one of the world's leading distributors of
office products and Europe's leading distributor of paper and other related
graphic-art products and graphic systems. For over the past 20 years Mr.
DeRuig was a member of the Supervisory Board of the Saitek European
Distribution Group and the Saitek Group Governance Council. Mad Catz announced
the acquisition of Saitek in November of 2007.
Geof Myers, Chairman of Mad Catz Interactive, Inc., commented on the
appointment, "John DeRuig brings extensive international business experience
to the Mad Catz Board of Directors, having held various management positions
throughout Europe, Asia and the United States. Having worked with John during
Mad Catz' acquisition of Saitek, we are delighted to welcome him to the Board
of Directors and look forward to the benefit of his extensive financial
experience, in-depth knowledge of Saitek and the European consumer retail
markets. We believe John's background will prove valuable as we continue to
expand our business globally."
Mr. DeRuig commented, "The combination of Mad Catz and Saitek creates a
truly impressive organization, one with an opportunity to become the global
leader in high-quality interactive entertainment accessories. I look forward
to working with Geof, Darren and the rest of the members of the Mad Catz Board
and management to help the Company realize the opportunity to grow its
About Mad Catz Interactive, Inc.
Mad Catz is a global leader in providing innovative peripherals for the
interactive entertainment industry. Mad Catz designs and markets accessories
for video game systems and publishes video game software, including the
industry-leading GameShark video game enhancements, under its Mad Catz,
GameShark and Joytech brands. Mad Catz also designs and markets mice,
keyboards, headsets, PC gaming controllers and other PC peripherals through
its Saitek brand, and recently began manufacturing and marketing proprietary
portable earphones under its AirDrives brand. Mad Catz distributes its
products through most of the leading retailers offering interactive
entertainment products and has offices across Canada, Europe and Asia. For
additional information please go to www.madcatz.com, as well as
www.gameshark.com, www.airdrives.com, www.saitek.com and www.joytech.net.
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; the ability to successfully integrate companies we acquire,
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.
For further information:
For further information: Mad Catz Interactive, Inc. Stewart Halpern,
800-831-1442 Chief Financial Officer or Jaffoni & Collins Incorporated Joseph
Jaffoni, David Jacoby, 212-835-8500 firstname.lastname@example.org