Mad Catz® Cyborg® Branded R.A.T.7 Professional Gaming Mouse Wins Prestigious IGN® ‘Best PC Accessory of 2

San Diego, January 18. 2011

Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that its critically acclaimed Cyborg branded R.A.T. 7 gaming mouse has won the coveted IGN‘Best PC Accessory of 2010’ award.

When first reviewing the R.A.T. 7 in August 2010, IGN lavished praise on gaming mouse saying,“In terms of performance, the R.A.T. 7 is top notch– it’s extremely responsive”. In revealing their Best of 2010 awards, IGN went on to comment,“The R.A.T. 7offers the best overall blend of price and customization.”

The prestigious award comes as the latest achievement in an impressive critical run from a string the world’s leading publications and websites.  ‘Maximum PC’ magazine (Future Publishing) awarded the R.A.T. 7 a staggering 10/10 score calling it the“Best gaming mouse ever”, whereas ‘PC Gamer’ magazine (Future Publishing) awarded the R.A.T. 7 98% (the highest score ever awarded by the publication for a mouse) commenting,“Astoundingly customizable, luxuriously comfortable, and loaded with brilliant features.”  In addition, internationally respected technology website‘ Engadget’ recently reviewed the R.A.T. 9 wireless professional gaming mouse, awarding it a 9/10 score, commenting,“We couldn't find a thing wrong with this sleek transforming mouse. That's not something we get to say often.”

Darren Richardson, President and Chief Executive Officer of Mad Catz commented,“We are extremely gratified that the R.A.T. 7 has been named Best PC Accessory by IGN.  This prestigious award marks the start of an exciting year ahead for our Cyborg brand of professional gaming products.  The R.A.T. branded range has been welcomed enthusiastically both critically and commercially and we fully expect to build upon this success throughout 2011.”

The Mad Catz Cyborg branded R.A.T. 7 professional gaming mouse is available at Mad Catz’s online store at http://store.gameshark.com as well as many leading retailers with an MSRP of $99.99.

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

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:

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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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