Mad Catz Interactive, Inc. (NYSE Amex/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has secured a multi-year license from the owners of the Skellramics intellectual property (“Skellramics”) for the exclusive, worldwide use of Skellramics designs and trademarks in a wide range of PC and videogame accessories.

“We are excited to partner with Skellramics,” said Darren Richardson, President and Chief Executive Officer of Mad Catz, “as we seek to continue broadening our ‘lifestyle’-oriented PC and videogame accessories offerings. We believe their unique, whimsically rebellious imagery and designs are a perfect fit for Mad Catz and our recreational gamer customers.”

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.

About Skellramics

Since 1990, Skellramics has been producing an unending chain of innovative and adventurous ceramics, featuring a variety of pieces from tonic and potion bottles, mugs, jewel boxes, shot glasses, ashtrays, even hand carved chess-sets and figurines. Skellramics have a high level of craftsmanship. Their pieces reflect the off-kilter sense of humor of their colorful creators. For additional information please go to www.skellramics.com.

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.

Mad Catz Interactive, Inc.
Stewart Halpern, 800-831-1442
Chief Financial Officer
or
Jaffoni & Collins Incorporated
Joseph Jaffoni, Norberto Aja, Jim Leahy
212/835-8500 or mcz@jcir.com