Mad Catz® Announces Licensed MARVEL® VS. CAPCOM® 3: Fate of Two Worlds Arcade FightStick™ Tournament Edition

San Diego, February 01. 2011

Mad Catz® Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today a licensed Marvel® Vs. Capcom® 3: Fate of Two Worlds - Arcade FightStick: Tournament Edition, being released under the companies’ Mad Catz casual gaming brand and expected to be available in time for the launch of the game February 15th for the Xbox® 360  video game and entertainment system and the PlayStation® 3 computer entertainment system.

It’s been a decade since  Marvel® vs. Capcom® 2: New Age of Heroes was first released and now the most popular Marvel and Capcom characters join forces again in a re-envisioned team fighting game for a new generation with Marvel® Vs. Capcom® 3: Fate of Two Worlds. Fill the shoes of legendary characters from both the Marvel and Capcom Universes as you battle in a living comic book art style powered by Capcom’s MT Framework®, an advanced version of the graphics engine used for Resident Evil® 5. Popular returning characters include Spider-Man, Ryu, Wolverine, Morrigan, Iron Man, Hulk, Captain America, Felicia, Chun-Li, Tron Bonne, Magneto and Doctor Doom. Viewtiful Joe will make his debut in the Marvel vs. Capcom franchise. New characters joining the playable cast for the first time in fighting game history include Chris Redfield, Thor, Trish, Super-Skrull, Amaterasu, Dormammu, Wesker, X-23, Arthur, Deadpool, Nathan Spencer, M.O.D.O.K. and Dante!

Based upon the companies’ award-winning range of Tournament Edition Arcade FightSticks, the brand new Marvel Vs. Capcom 3 Tournament Edition FightStick features arcade-quality components sourced by legendary Japanese arcade manufacturer, Sanwa Denshi™ as well as a Japanese-style ball-handled joystick, 30mm Action Buttons, and button placement matching the Vewlix™ arcade cabinet configuration.  The D-Pad control switch and Dual-Turbo functionally add twin levels of turbo control to any of the action buttons, enhancing the arcade experience for both new and seasoned players.  Complete with detailed touches such as screw-on rubber feet for solid surface play, unobtrusive placement of the start and select/back buttons, a locking mechanism preventing accidental activation of turbo settings for tournament play and exclusive Marvel Vs. Capcom 3: Fate of Two Worlds artwork, the Arcade FightStick: Tournament Edition represents the best possible choice for gamers and comic book fans alike.

Approved by Marvel and Capcom and presented in‘Collector’s Edition’ packaging, the Marvel Vs. Capcom 3 FightStick is limited to a production run of just 5000 units, with each FightStick individually numbered to further enhance the collectible appeal to the dedicated comic book and fighting game enthusiast.

The new Marvel® Vs. Capcom® 3: Fate of Two Worlds Arcade FightStick™ Tournament Edition is to begin shipping in time for launch of the game, expected February 15 th, 2011.  The FightStick is expected to be available from the Mad Catz web store at http://store.gameshark.net.

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

Allyson Vanderford : Interim Chief Financial Officer

t. +1-619-321 3545

e. avanderford@madcatz.com

Joseph Jaffoni, Norberto Aja and Jim Leahy

Jaffoni and Collins Incorporated

t. 212/835-8500 

e. mcz@jcir.com

Track Mad Catz via the following social media:

Facebook® Page:                  http://www.facebook.com/MadCatzInc

Twitter® Page:                        http://twitter.com/MadCatzInc

YouTube® Channel:             http://www.youtube.com/MadCatzCompany

About Mad Catz Interactive, Inc.

Mad Catz is a leading global provider of innovative products for the interactive entertainment industry.  Mad Catz develops and markets accessories for videogame systems and  PCs under its Mad Catz (casual gaming), Saitek (simulation), Cyborg (pro gaming), Eclipse (home and office) and Tritton (gaming audio) brands.  Mad Catz also operates e-commerce and content websites for videogame and  PC products under its GameShark brand, develops, manufactures and markets proprietary earphones under its AirDrives brand, and publishes and distributes video/PC games.  Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia.  For additional information please go to www.madcatz.com, as well as www.store.gameshark.com, www.saitek.com, www.cyborggaming.com, www.eclipsetouch.com, www.trittontechnologies.com, www.gameshark.com  and www.airdrives.com.

Microsoft, Xbox, Xbox 360, Xbox LIVE, the Xbox logos, and the Xbox LIVE logo are either registered trademarks or trademarks of Microsoft Corporation in the U.S. and/or other countries.

“PlayStation” is a registered trademark of Sony Computer Entertainment Inc.

Capcom is either a registered trademark or trademark of Capcom Co., Ltd.  TM&© 2011 Marvel Entertainment, LLC and its subsidiaries. Licensed by Marvel Characters B.V. www.marvel.com. All rights reserved.©CAPCOM CO., LTD. 2011,©CAPCOM U.S.A., INC. 2011 ALL RIGHTS RESERVED.  All other marks are the property of their respective owners. 

Safe Harbor for Forward Looking Statements: 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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