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Press Release

Mad Catz® Announces Cyborg™ F.R.E.Q.™ 5 Pro Gaming Headset for PC and Mac

New Stereo Headset Expands Award Winning Cyborg Range

SAN DIEGO--(BUSINESS WIRE)--Jan. 10, 2012-- Mad Catz Interactive, Inc. (“Mad Catz”) (AMEX/TSX: MCZ) announced today the F.R.E.Q.5 Pro Gaming Headset for PC, expected to ship Spring 2012 and being released under the Company’s Cyborg professional gaming brand.

“The new Cyborg F.R.E.Q.5 gaming headset makes a great addition the awarding winning Cyborg product range and is part of our broader strategy to grow our PC and audio market share,” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “The F.R.E.Q. is part of our on going commitment to create new and innovative products for passionate consumers.”

The F.R.E.Q.5 features a lightweight durable metal headband and 50mm Neodymium drivers for superior stereo performance. The headset is uniquely designed to match the aesthetics of the Cyborg range, including the Company’s award winning range of R.A.T. pro gaming mice.

Additional information is available at:

About Mad Catz

Mad Catz Interactive, Inc. (AMEX/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed primarily under its Mad Catz® (casual gaming), Cyborg™ (pro gaming), Tritton® (gaming audio), Saitek® (simulation), and Eclipse™ (home and office) brands. Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek brand; operates a videogame content website under its GameShark® brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. Mad Catz distributes its products through most leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to

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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.

Source: Mad Catz Interactive, Inc.

Mad Catz Communications:
Alex Verrey, +44 (0) 1908 336 538
Global PR and Communications Manager
Investor Relations:
Jaffoni & Collins Incorporated
Joseph Jaffoni, Norberto Aja, Jim Leahy