Mad Catz® Ships The Warhead™ 7.1 Wireless Surround Headset for Xbox 360®

Flagship TRITTON ® Headset Delivers True Wireless Chat Communication

San Diego – August 21, 2012 – Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) announced today the shipping of the Warhead 7.1 Wireless Surround Headset, for use with the Xbox 360 video game and entertainment system from Microsoft.

The flagship in the Company’s exclusive range of Xbox 360 gaming headsets, the Warhead 7.1 is the first headset in the world to deliver two-way communication via the Xbox 360 console, negating the need for a chat cable or adapter to be connected to the gamers’ controller.

“We believe premium products such as the Warhead 7.1 have longer product life spans and offer the best means for us to target competitive and passionate gamers who demand the best.” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc.  “In addition to our focus on creating new products, we also look forward to leveraging our expanded geographic footprint and worldwide sales and marketing initiatives to bring added visibility to this one-of-a-kind product.”

The Warhead 7.1 Wireless Surround Headset features 5.8GHz wireless technology and Dolby ® Headphone 7.1 surround sound.  In addition, the Warhead 7.1 offers gamers an array of features including twin ‘hot-swappable’ rechargeable lithium-ion battery packs, Selectable Voice Monitoring (SVM), EQ modes for movies, music and gaming and an on screen battery-indicator display.

The Warhead 7.1 Wireless Surround Headset is available for purchase from Best Buy ® stores,  www.bestbuy.com, and Mad Catz store www.madcatz.com.

Additional information is available at: http://www.trittonaudio.com/warhead 

About Mad Catz

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz ® (gaming),  Tritton ® (audio), and Saitek ® (simulation) brands.  Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek 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.  


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