PS2 PERIPHERALS NOW SHIPPING
October 13, 2000

Mad Catz has begun shipping accessories for Sony's PlayStation 2 to retailers throughout North America. These accessories will be available on October 26, 2000.

"We have worked hard to be ready for the launch of PS2. The strong demand we are currently experiencing for our PS2 accessories is a direct result of these efforts and the careful planning that our entire PS2-team has focused on over the last several months," said Darren Richardson, President of Mad Catz.

Mad Catz' main corporate objective for fiscal 2001 is to have the right accessories available at the right price, in the right quantities, and at the right time for the launch of Sony's PS2 this month.

"We expect the strong demand for our PS2 accessories to contribute to particularly robust third and fourth quarters for the industry and our company," said Peter Kozicz President and C.E.O. of GTR Group. "The launch of PS2 marks the beginning of a long term growth cycle for our industry. Over the last two years we have positioned GTR to be a prime beneficiary of this growth. Today's announcement clearly indicates that we are ready to capitalize on positive industry trends and deliver on our corporate strategy to create shareholder value."