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 Mad Catz Interactive, Inc.
September 08, 2008 10:10 AM Eastern Daylight Time 

Mad Catz Ships the First-Ever Rock Band™ Bass Guitar

Fender Precision Bass Guitar Kicks Off a Full Line of New Rock Band Products

SAN DIEGO--(BUSINESS WIRE)--Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has begun shipping its Fender™ Precision Bass guitar for the Xbox 360™, the initial offering under its license with Harmonix and MTV Games to produce and distribute game peripherals and other products for the critically acclaimed Rock Band™ game.

“We are excited to be providing an opportunity for the millions of Rock Band fans to enhance their game-playing experience with our Fender Precision Bass guitar”

“We are excited to be providing an opportunity for the millions of Rock Band fans to enhance their game-playing experience with our Fender Precision Bass guitar,” commented Darren Richardson, President and Chief Executive Officer of Mad Catz. “This is the first in a series of Rock Band products we expect to release this fall, each of which we believe will add to the realism and enjoyment of this immensely popular game.”

This premium bass guitar provides gamers with a licensed, authentic Fender Precision Bass guitar to complete their ensemble. Compatible with both Rock Band and the upcoming Rock Band 2 games, the Fender Precision Bass can be used to play both lead and bass guitar portions of a selected track. Incorporating all the features of the standard guitar, including Solo Keys, Whammy, and Overdrive Mode, the Fender Precision Bass comes equipped with innovative features designed to enhance the Rock Band experience.

The unique Split Strum Bar allows gamers to strum and pluck notes faster and with more precision, vital for fast tempo tracks. The genuine Fender Precision Bass does not have a whammy bar. To respect the accuracy of the bass, Mad Catz has engineered whammy compatibility by discreetly incorporating it into the volume knob of the bass, providing gamers with essential functionality when playing both lead or bass guitar portions of the track while preserving the timeless authenticity of the original design.

Published by MTV Games and developed by MTV Network’s Harmonix Music Systems, Rock Band is a leading platform for music fans and gamers to interact with music, challenging users to master the lead/bass guitar, drums and vocals as solo artists or cooperatively as part of their own band. Built on deals with the world’s biggest record labels and music publishers, the music featured in Rock Band spans all genres of rock and includes many master recordings from the greatest songs and artists of all time. Rock Band is currently available for the Xbox 360, Wii™, PlayStation® 3 and PlayStation® 2 consoles in North America and for the Xbox 360 in Europe. Rock Band 2 will make its debut on Xbox 360™ video game and entertainment system from Microsoft this September and have an exclusive launch window in North America. Rock Band 2 will be available for the PLAYSTATION® 3 and PlayStation® 2 computer entertainment systems and Wii™ later this year.

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 videogame systems and publishes videogame software, including the industry-leading GameShark videogame 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 develops, manufactures and markets 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.

Contacts

Mad Catz Interactive, Inc.
Stewart Halpern, 619-321-3550
Chief Financial Officer
or
Jaffoni & Collins Incorporated
Joseph Jaffoni, David Jacoby
212-835-8500
mcz@jcir.com

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