Mad Catz® Announces Shipping of the Detonator™ Xbox 360® Headset

New Stereo Headset Xbox 360 and TRITTON^™ Co-Branded

SAN DIEGO--(BUSINESS WIRE)--Mad Catz Interactive, Inc. (“Mad Catz”) (AMEX/TSX: MCZ) announced today the shipping of the Detonator Stereo Headset, the world’s first official co-branded gaming headset designed for use with the Xbox 360 video game and entertainment system from Microsoft. In addition, the Detonator is compatible with a wide range of MP3 players, cell phones and audio devices.

“Releasing a co-branded range of headsets has enabled us to offer an enticing feature set and quality audio which we are certain will appeal to the passionate gamer this holiday season.”

“We are excited to be shipping the first product in our highly anticipated co-branded headset range.” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “Releasing a co-branded range of headsets has enabled us to offer an enticing feature set and quality audio which we are certain will appeal to the passionate gamer this holiday season.”

The Detonator Stereo Headset includes 50mm Neodymium Drivers, Detachable Boom Mic and Selectable Voice Monitoring and is expected to be joined by additional products in the range in time for the 2011 holiday season.

Additional information is available at: http://www.trittonusa.com/detonator

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 www.madcatz.com.

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This product is manufactured under license from Microsoft Corporation. Microsoft, Kinect, Xbox, Xbox LIVE, Xbox 360, and the Xbox logos are trademarks of the Microsoft group of companies.

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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.