Midway Announces Creation of the Central Outsourcing Group (COG) to Streamline Outsourcing Efforts

  
    
  
  
    
      Midway Games Inc. (NYSE: MWY), a leading interactive entertainment 
      publisher and developer, today announced the creation of the Central 
      Outsourcing Group (COG) within its studios to lead all of its studios’ 
      outsourcing efforts and help streamline game development. The COG will 
      be lead by personnel from Midway Studios – 
      Austin Inc.
    
    
      “Consolidating all product development 
      outsourcing initiatives into a centralized group will allow Midway to 
      focus on creating AAA next-generation content,” 
      said Matt Booty, senior vice president, worldwide studios, Midway. “This 
      core team will provide expertise in outsourcing management and 
      development pipelines across all of our internal studios.”
    
    
      For more information on how to reach the Austin-based Central 
      Outsourcing Group, please go to http://outsourcing.midway.com.
    
    
      COG leadership will be available at the Game Developers Conference in 
      San Francisco March 7-9th. Please contact [e-mail] 
      if you would like to request a meeting.
    
    
      About Midway
    
    
      Midway Games Inc. (NYSE: MWY), headquartered in Chicago, Illinois, with 
      offices throughout the world, is a leading developer and publisher of 
      interactive entertainment software for major videogame systems and 
      personal computers. More information about Midway and its products can 
      be found at www.midway.com.
    
    
      This press release contains “forward-looking 
      statements” within the meaning of the Private 
      Securities Litigation Reform Act of 1995 concerning future business 
      conditions and the outlook for Midway Games Inc. (the "Company") based 
      on currently available information. The Company's actual results could 
      differ materially from those described in the forward-looking statements 
      as a result of a number of risks and uncertainties, including, without 
      limitation, the performance of the interactive entertainment industry, 
      dependence on new product introductions and the ability to maintain the 
      scheduling of such introductions, the current console platform 
      transition and other technological changes, dependence on major platform 
      manufacturers and other risks more fully described under "Item 1A. Risk 
      Factors" in the Company’s Annual Report 
      on Form 10-K for the year ended December 31, 2005, and in other filings 
      made by the Company with the Securities and Exchange Commission. Each 
      forward-looking statement, including, without limitation, financial 
      guidance, speaks only as of the date on which it is made, and the 
      Company undertakes no obligation to update any forward-looking statement 
      to reflect events or circumstances after the date on which it is made or 
      to reflect the occurrence of anticipated or unanticipated events or 
      circumstances, except as required by law.