First in New Range of PlayStation 3 Headsets

SAN DIEGO -- (Business Wire)

Mad Catz Interactive, Inc. (“Mad Catz”) (AMEX/TSX: MCZ) announced today the SwitchBlade Wireless Headset, expected to ship worldwide in spring 2012. Featuring Bluetooth™ technology, the new headset is for use with the PlayStation 3 computer entertainment system from Sony^® and will be released under the Company’s TRITTON professional gaming audio brand.

Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. stated, “The SwitchBlade headset represents the first in a series of PlayStation 3 headsets which we expect to ship throughout 2012.”

The SwitchBlade Wireless Headset comes complete with rechargeable batteries and docking station and is able to pair with two devices simultaneously, allowing gamers to connect with the PlayStation 3 in addition to a mobile phone. In addition, the unique dynamically folding boom mic allows gamers to switch the device on or off simply by flicking the mic.

Additional information is available at: http://www.trittonusa.com/switchblade.

About Mad Catz

Mad Catz Interactive, Inc. (AMEX/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed primarily under its Mad Catz^® (casual gaming), Cyborg™ (pro gaming), Tritton^® (gaming audio), Saitek^® (simulation), and Eclipse™ (home and office) brands. Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek brand; operates a videogame content website under its GameShark^® brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. Mad Catz distributes its products through most leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to www.madcatz.com.

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This product is manufactured under license from Microsoft Corporation. Microsoft, Kinect, Xbox, Xbox LIVE, Xbox 360, and the Xbox logos are trademarks of the Microsoft group of companies.

Safe Harbor

This press release contains forward-looking statements about the Company's business prospects that involve substantial risks and uncertainties. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "should," "plan," "goal," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: the ability to maintain or renew the Company's licenses; competitive developments affecting the Company's current products; first party price reductions; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; or a downturn in the market or industry. A further list and description of these risks, uncertainties and other matters can be found in the Company's reports filed with the Securities and Exchange Commission and the Canadian Securities Administrators.

Contacts:

Mad Catz Communications:
Alex Verrey, +44 (0) 1908 336 538
Global PR and Communications Manager
averrey@madcatz.com
or
Investor Relations:
Jaffoni & Collins Incorporated
Joseph Jaffoni / Norberto Aja / Jim Leahy, +1 212-835-8500
mcz@jcir.com

Source: Mad Catz Interactive, Inc.