Mad Catz Signs Multi-Year License Agreement with Sony Computer Entertainment America for Wireless Rock Band Guitars

• Press Release
• Source: Mad Catz Interactive, Inc.
• On 9:05 am EDT, Friday August 28, 2009

SAN DIEGO--(BUSINESS WIRE)--Mad Catz® Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has signed a multi-year licensing agreement with Sony Computer Entertainment America Inc. (“SCEA”). Pursuant to the agreement, Mad Catz has North American rights to manufacture, market, and sell wireless Rock Band®-compatible Fender™ American Precision Bass™ replica, Fender Telecaster™ replica and Fender full-size, wooden Stratocaster™ guitar controllers for the PlayStation® 3 computer entertainment system.

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“We are excited to begin this relationship with Sony Computer Entertainment America Inc. for wireless Rock Band guitars, which we are now beginning to ship,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “We look forward to bringing to the many Rock Band fans playing on the PlayStation 3 our distinctive, realistic wireless guitar controllers to heighten the enjoyment of their gaming experiences.”

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 video game systems and publishes video game software, including the industry-leading GameShark video game 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 recently began manufacturing and marketing 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.

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

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.

Mad Catz Interactive, Inc.
Stewart Halpern, 800-831-1442
Chief Financial Officer
or
Jaffoni & Collins Incorporated
Joseph Jaffoni, Norberto Aja, Jim Leahy
212-835-8500
mcz@jcir.com