MWY Midway Games

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 outsourcing@midway.com 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.