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Friday, May 11, 2007

Mad Catz stock receives a boost over Halo 3 deal!

Next-Gen.biz is reporting that Mad Catz stock rose over the announcement made that Mad Catz has inked a deal to produce Halo 3 faceplates for the XBOX 360.

Shares for San Diego-based Mad Catz were up over 11 percent in midday trading to $0.88 per share on the AMEX.

The agreement with Microsoft is a multi-year deal that will have Mad Catz create faceplates for the Xbox 360 that feature characters from Halo 3.

Mad Catz expects the Halo 3 products to be available at major retailers prior to the Halo 3 launch.

The firm recently announced a deal to create Xbox 360 accessories based on the anticipated BioWare RPG Mass Effect. Mad Catz also created a line of Gears of War accessories for Microsoft’s console.

Mad Catz CEO Darren Richardson said in a statement, “The addition of this marquee license to our portfolio is further evidence of the ongoing success in our initiative to align ourselves with the most appealing brands and popular software launches…”

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