Mad Catz® Announces the R.A.T. PROX™ Gaming Mouse

Next-Generation Mouse Redefines User Customization

2015 International CES

SAN DIEGO--()--Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX: MCZ) announced today the R.A.T. PROX, the next-generation of the Company’s popular series of R.A.T. gaming mice.

Conceived to be the most advanced gaming mouse in the world, the R.A.T. PROX includes a magnesium alloy chassis to reduce weight and enhance strength and a completely reinvented Scroll Wheel system delivering new ways to play.

With numerous patents pending, the R.A.T. PROX is compatible with PC and expected to ship spring 2015. Designed to offer a future proof upgradable solution, the R.A.T. PROX is capable of growing with the gamer, incorporating Modular Sensor Units (MSU), allowing gamers to swap out the sensor of their R.A.T. PROX to suit individual styles of play or when new sensors become available.

Literally reinventing the wheel, the R.A.T. PROX features a newly designed Scroll Wheel system, allowing gamers to adjust the click force of the wheel, swap out the wheel itself and even utilize a new analogue strafe feature, affording gamers configurable analog control for the horizontal movement on the scroll wheel.

“We continue to be proud of all we achieved when we launched the R.A.T. range of gaming mice, a series of products which won critical acclaim, numerous awards and introduced several innovations for the passionate gamer. We believe the R.A.T. PROX will take PC gaming to a new level thanks to several patented innovations which we believe will change the way gamers think about customization,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “PC gaming is a sizable part of our business and one which we intend to grow considerably throughout 2015. We believe the R.A.T. PROX will prove essential to those who game at a committed level and expect the product to contribute positively towards sales in 2015.”

The R.A.T. PROX will be debuting at CES Las Vegas 2015 and can be seen via appointment only at the Mad Catz suite, located at the Westgate Las Vegas Resort & Casino, suite number: 12121. Mad Catz will also be unveiling the R.A.T. PROX at the ShowStoppers CES event, taking place the evening of January 6, 2015 at The Wynn, Las Vegas.

About Mad Catz

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz® (gaming), Tritton® (audio), and Saitek® (simulation) brands. Mad Catz products cater to passionate gamers across multiple platforms including in-home gaming consoles, handheld gaming consoles, Windows® PC and Mac® computers, smart phones, tablets and other mobile devices. Mad Catz distributes its products through its online store as well as distribution via many leading retailers around the globe. Headquartered in San Diego, California, Mad Catz maintains offices in Europe and Asia. For additional information about Mad Catz and its products, please visit the Company’s website at www.madcatz.com

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Cautionary Note Regarding Forward-Looking Statements

Information in this press release that involves the Company's expectations business prospects, plans, intentions or strategies regarding its future are forward-looking statements that are not facts and that involve substantial risks and uncertainties. You can identify these statements by the use of 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 the Company’s actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include the following: the ability to maintain or renew the Company's licenses; competitive developments affecting the Company's current products; first-party price reductions; availability of capital under our credit facility; commercial acceptance of new in-home gaming consoles; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; unanticipated product delays; or a downturn in the market or industry. A further list and description of these and other factors, risks, uncertainties and other matters can be found in the Company's most recent annual report, and any subsequent quarterly reports, filed with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. The forward-looking statements in this release are based upon information available to the Company as of the date of this release, and the Company assumes no obligation to update any such forward-looking statements as a result of new information or future events or developments. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of the Company and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.

Mad Catz, the Mad Catz logo, R.A.T. and R.A.T. PROX are trademarks or registered trademarks of Mad Catz Interactive, Inc., its affiliates and/or subsidiary companies. All other company and product names may be trademarks of their respective owners.

Contacts

Mad Catz Communications:
Alex Verrey, +44 (0) 1633 883 133
Global PR and Communications Director
averrey@madcatz.com
or
Karen McGinnis, 858-790-5008
Chief Financial Officer
kmcginnis@madcatz.com
or
Investor Relations:
JCIR
Joseph Jaffoni, Norberto Aja, Jim Leahy
+1 212-835 8500
mcz@jcir.com

Contacts

Mad Catz Communications:
Alex Verrey, +44 (0) 1633 883 133
Global PR and Communications Director
averrey@madcatz.com
or
Karen McGinnis, 858-790-5008
Chief Financial Officer
kmcginnis@madcatz.com
or
Investor Relations:
JCIR
Joseph Jaffoni, Norberto Aja, Jim Leahy
+1 212-835 8500
mcz@jcir.com