Mad Catz® Announces Limited Edition‘Femme Fatale’ Street Fighter™ IV Arcade FightStick: Tournament Edition

San Diego, August 31, 2009

Mad Catz® Interactive, Inc. (AMEX/TSX: MCZ), a leading worldwide third-party interactive entertainment accessory provider, today announced a Limited Edition‘Femme Fatale’ Street Fighter™ IV Arcade FightStick: Tournament Edition, available for purchase at the official Capcom® booth at the 2009 Penny-Arcade™ Exposition (PAX™) taking place between September 4th to September 6th 2009, and via both the Capcom online store and the Mad Catz online‘GameShark’ store beginning on September 4th 2009.

The highly collectible FightStick features artwork, Action Buttons and packaging exclusive to the Femme Fatale design and will be limited to 650 units for the Xbox 360® console and 350 units for the PlayStation® 3 system, with each unit being sequentially numbered (1 through to 650 for Xbox 360 and 1 through to 350 for PlayStation 3).

The unique Femme Fatale artwork is a result of close collaboration between Mad Catz and Capcom with the FightStick design dramatically depicting fan-favorites such as: Cammy, Chun-Li, Crimson Viper, Sakura and Rose.

Explaining more on the development of the Femme Fatale design, Darren Richardson, President and Chief Executive Officer of Mad Catz commented,“The Street Fighter community has demonstrated its enthusiasm for our range and has been vocal in requesting specific character-based designs. The female pugilists in Street Fighter IV® feature some of the games most memorable and graceful imagery and we are pleased to honor these timeless characters with a limited edition FightStick which does justice to these iconic fighters.”

Both the Xbox 360 and the PLAYSTATION 3 Mad Catz Limited Edition Femme Fatale Street Fighter IV Arcade FightStick: Tournament Edition will sell for $159.99. The FightSticks will be made available beginning September 4th and will be available on a first come first serve basis (limited to two per customer) only from Capcom at the 2009 PAX Expo, the Capcom online store and the Mad Catz online GameShark store ( www.store.gameshark.com).

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

Joseph Jaffoni, Norberto Aja&Jim Leahy

Jaffoni&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 brand, and designs, 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 and has offices across Canada, Europe and Asia. For additional information please go to www.madcatz.com, as well as www.gameshark.com, www.airdrives.com, www.saitek.com and www.joytech.net.

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 orfinancial 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.

Street Fighter is either a registered trademark or trademark of Capcom U.S.A., Inc., in the U.S. or other countries. Capcom is either a registered trademark or trademark of Capcom Co., Ltd., in the U.S. or other countries. All other trademarks are owned by their respective owners.


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