Mad Catz® Announces New Range of Nintendo® Wii™ Compatible Video Game Controllers

San Diego, January 06. 2011

Mad Catz® Interactive, Inc. (“Mad Catz” or“the Company”) (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, today announced a new range of controllers for use with the Nintendo Wii video game system, being released under the Company’s Mad Catz casual gaming brand.

Featuring sleek aesthetics and a highly tactile soft-touch finish, the new range of Wii controllers have been designed to put the power back into the hands of the gamers, offering premium build quality, a full five year warranty and a choice between a standard full size controller or a smaller‘Micro’ variant.

Details for the new range of Nintendo Wii compatible controllers are as follows:

· REACTOR Plus Controller– Nintendo Wii

The Mad Catz REACTOR Plus Controller features state-of-the-art motion-sensing technology, delivering built-in MotionPlus™ functionality; with no need for an external dongle or adapter and all at the same size as a standard Wii remote!  Compatible with all Wii MotionPlus games and complete with responsive, high-quality action buttons, the REACTOR Plus Controller includes Mad Catz’ signature Gripz™, providing improved comfort and protection when playing.   In addition to the REACTOR Plus, Mad Catz will also be releasing the standard ‘REACTOR’ Controller, identical to the REACTOR Plus in every way but without in-built MotionPlus functionality.

MSRP: $34.99 (REACTOR PLUS) - $29.99 (REACTOR)

· REFLEX Controller– Nintendo Wii

The Mad Catz REFLEX Controller has been designed to complement either the official Nintendo Wii™ Remote or the Mad Catz REACTOR Plus Controller.  Featuring a sleek ergonomic design and a slip-resistant rubberized analog stick providing high levels of analog accuracy.

MSRP: $14.99

In addition to the new REACTOR Plus and REFLEX Controllers, Mad Catz will also be releasing each controller in separate‘Micro’ editions.  The sleek Micro controllers are designed for those who favor a smaller controller, with each Micro version featuring an identical feature set and form factor but with a 15% smaller footprint.

MSRP: $34.99 (REACTOR Plus Micro) - $29.99 (REACTOR Micro)

$14.99 (REFLEX Micro)

Darren Richardson, President and Chief Executive Officer of Mad Catz commented,“Millions of gamers continue to enjoy their Nintendo Wii system and with many games targeting families and social gaming, extra controllers are usually a necessity amongst Wii owners.  We believe our new range of REACTOR and REFLEX controllers are ideal for those seeking a highly specified, quality controller and are convinced that our new range will become the controllers of choice for gamers worldwide.”

The new range of Mad Catz Nintendo Wii compatible controllers will begin shipping world-wide from February 2011 for the full size versions and from March 2011 for the Micro versions.

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.

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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