Mad Catz® Street Fighter™ IV Arcade FightStick: Tournament Edition Wins Prestigious IGN®‘Best Console Periph

San Diego, January 08, 2010

Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that its popular Street Fighter IV Arcade FightStick: Tournament Edition has won the coveted IGN‘Best Console Accessory of the Year’ award.

Upon first reviewing the FightStick in January 2009, IGN awarded the accessory with an impressive score of 9.7, quoting,“Overall, the Tournament Edition FightStick is truly an expertly crafted, high-performance arcade stick that will change how you think about Mad Catz as a player in the gaming accessory space. Well done, Mad Catz. Well done.”

IGN later went on to award the Street Fighter IV Arcade FightStick: Tournament Edition with a‘Best of CES 2009’ award, rounding off an impressive debut for the Mad Catz accessory.

Darren Richardson, President and Chief Executive Officer of Mad Catz commented,“Street Fighter IV and the fighting game community continue to be passionate about the Tournament Edition FightStick. Since Street Fighter IV Arcade FightStick: Tournament Edition is our first fightstick, we are enormously proud of both the critical and commercial success it has achieved.”

The Mad Catz Street Fighter IV Arcade FightStick: Tournament Edition FightStick is available now with an MSRP of $149.99 /£149.99.

For further information please contact:

Media

Alex Verrey: Global PR&Communications Manager

t. +44 (0) 1908 336 538

e. averrey@madcatz.com

Michael Greco: Vice President of Marketing

t. +1-619-321-3564

e. mgreco@madcatz.com

Investors

Stewart Halpern: Chief Financial Officer

t. +1-619-321 3550

e. shalpern@madcatz.com

Joseph Jaffoni, Norberto Aja and Jim Leahy

Jaffoni and Collins Incorporated

t. 212/835-8500

e. mcz@jcir.com

About Mad Catz Interactive, Inc.

Mad Catz is a global leader in providing innovative peripherals for the interactive entertainment industry. Mad Catz designs and markets accessories for videogame systems and publishes videogame software, including the industry-leading GameShark videogame enhancements, under its Mad Catz, GameShark and Joytech brands. Mad Catz also designs and markets mice, keyboards, headsets, PC gaming controllers and other PC peripherals through its Saitek and Cyborg brands, and manufactures and markets proprietary portable earphones under its AirDrives brand. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products across North America and Europe, and is increasing its distribution reach in Asia. For additional information please go to www.madcatz.com, as well as www.gameshark.com, www.airdrives.com and www.saitek.com.

Safe Harbor for Forward Looking Statements: This press release containsforward-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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