SAN DIEGO--(BUSINESS WIRE)--April 17, 2008--Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has entered into a multi-year licensing agreement with Coffin Case Company ("Coffin Case"). Pursuant to the agreement, Mad Catz has secured the rights to manufacture, market, and sell the official Coffin Case branded carrying cases for guitar controllers, drums and videogame accessories cases, as well as guitar straps, and other accessories, all for use with Rock Band and Guitar Hero.

"Owner and founder Jonny Edwards has built Coffin Case into one of the most original and stylish makers of cases for musical instruments in the business. This agreement allows Mad Catz to provide gamers the opportunity to transport their music game accessories with the same cool looks and protection for their gear as some of the biggest rock artists have for their instruments," said Darren Richardson, President and Chief Executive Officer of Mad Catz. "We believe the Coffin Case license is an exciting complement to the range of premium instruments we are developing for Rock Band."

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.

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.

CONTACT: Mad Catz Interactive, Inc
Stewart Halpern, 800-831-1442
Chief Financial Officer
or
Jaffoni & Collins Incorporated
Joseph Jaffoni, David Jacoby
212-835-8500
mcz@jcir.com
SOURCE: Mad Catz Interactive, Inc.