Mad Catz, a subsidiary of GTR Group Inc., (TSE: GTR, AMEX: GIG) and a leading manufacturer of video game accessories, announced today that it has entered into a worldwide license agreement with Microsoft allowing Mad Catz to design, manufacture, and market licensed third-party peripherals for the Xbox(TM) video game console from Microsoft in North America, Europe and Japan. Under the Agreement, Mad Catz will produce a full-range of Mad Catz branded products that will be officially endorsed by Microsoft and carry the Xbox license logo. The licensed products will include a controller, memory unit, racing wheel, and the critically acclaimed Panther joystick (a product exclusive to Mad Catz that features a unique trackball and joystick combination for optimal first-person play in action games). Additional licensed products, such as light guns and fishing rods will be launched to coincide with software releases. The Agreement also allows Mad Catz to work closely with Xbox software developers, opening the door for peripheral/software bundles and other cooperative integration.