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Press Release

Lights, LumiCON, Action!; Mad Catz Now Shipping LumiCON for Xbox, an Illuminated, Glowing Controller

SAN DIEGO--(BUSINESS WIRE)--Sept. 4, 2003--Mad Catz(TM) Interactive, Inc. (AMEX/TSE: MCZ), the world's leading third party video game accessory manufacturer, today announced that the LumiCON(TM) for the Xbox(TM) has shipped to retail outlets nationwide. The second entry in the brand line, the LumiCON lets players really get into their game and experience the full ambiance. Emitting an underglow with lighted action buttons, the LumiCON is the ultimate controller for gaming in the dark! Available for a suggested $24.99 U.S., the LumiCON comes in a variety of colors including cobalt blue, emerald green, orange and smoke black.

The LumiCON is perfect for gaming in the dark with its unique lighting, advanced performance and extra cool style. Features include comfortably set fully analog joysticks, pressure-sensitive action buttons and two powerful vibration motors with realistic rumble. The powerful macro button allows players to pre-program complicated moves that require a combination of D-pad and action button sequence moves to perform intricate maneuvers. The Macro feature can be programmed on four separate buttons, each with up to 15 individual settings. Comfortable rubberized grips and a durable, braided cable provides enough room to move around. In addition, the LumiCON draws its power from the Xbox gaming system itself so there is no need for batteries.

About Mad Catz Interactive, Inc.

Mad Catz Interactive, Inc., (www.madcatz.com), designs, develops, manufactures and markets a full range of high quality, competitively priced accessories for video game consoles and portables, including the industry leading GameShark brand of video game enhancements. Mad Catz is a worldwide leader of innovative peripherals in the interactive entertainment industry, with distribution through nine of the top ten U.S. retailers offering interactive entertainment products. With operating headquarters in San Diego, California, Mad Catz has offices in Canada, the U.K. and Asia, as well as distributors in Europe and Australia.

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," "plan," "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 our current products; first party price reductions; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; market and general economic conditions. 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.

Note to editors: Mad Catz, the Mad Catz logos, and/or other Mad Catz products referenced herein are either trademarks or registered trademarks of Mad Catz, Inc. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Xbox is a trademark of Microsoft Corporation in the United States and/or other countries.

CONTACT: Mad Catz Interactive, Inc.
Aimee Mabe, 619-683-9830, ext. 308
amabe@madcatz.com

SOURCE: Mad Catz Interactive, Inc.