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Mad Catz to Create Modern Warfare 2 Game Accessories

Mad Catz Interactive, Inc. (NYSEAmex/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it will produce officially branded controllers and accessories based on Activision Publishing, Inc.’s (Nasdaq: ATVI) Modern Warfare® 2 by Infinity Ward, the sequel to the best selling first person action game in history, Call of Duty® 4: Modern Warfare®. The agreement gives Mad Catz global rights to a range of accessories for all current platforms of the title, which is scheduled for worldwide release on November 10.

“We are excited to partner with Activision and Infinity Ward to create branded controllers and accessories based on what is one of the videogame industry’s preeminent franchises,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “We look forward to offering unique and exciting accessories to fans of the newest release in the Call of Duty: Modern Warfare series, as we continue to grow and diversify what we believe to be the industry’s leading portfolio of branded videogame accessories.”

“Mad Catz’s innovation and fresh approach from Day 1 has been great,” said Vince Zampella, CEO of Infinity Ward. “Their team has really poured their hearts into the new line of accessories for Modern Warfare 2 and we can’t wait for our fans to have a chance to play for themselves this November.”

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.

Activision, Call of Duty and Modern Warfare are registered trademarks of Activision Publishing, Inc. All rights reserved. All other trademarks and trade names are the properties of their respective owners.

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