LAUNCH SPURS MAD CATZ
November 3, 2000

GTR Group is benefiting from last week's launch of PlayStation 2, as demand for its Mad Catz PS2 accessories continues to increase. Mad Catz' DVD Wireless Remote and its licensed Memory Card have been particularly well received by retailers.

"Demand for our PlayStation2 accessories has been strong ever since the launch of the new console on October 26th," said Peter Kozicz President and CEO of GTR Group. "Prior to last week's launch we had shipped over 150,000 Mad Catz accessories for the PlayStation2 into the North American retail channels. We are currently shipping over 20,000 units per day and expect demand to intensify as we get closer to the busy Christmas season. The launch of PlayStation2 marked 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 and we have clearly started to benefit from this strategy."