Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) announced today the TRITTON 720 + 7.1 Surround Headset , the upgrade to the Company’s TRITTON AX 720 Headset. Compatible with both the Xbox 360 ® video game and entertainment system from Microsoft and the PlayStation ®3 computer entertainment system from Sony ®, the TRITTON 720 + 7.1 Surround Headset is expected to ship in September 2012. The 720 + features a number of key enhancements designed to offer superior performance and sustained comfort. All new Neodymium drivers have increased in size from 40mm to 50mm resulting in improved bass response and audio clarity. Featuring the latest Dolby Headphone technology, the 720 + delivers rich 7.1 Surround Sound, ideal for pinpointing in-game enemy movements or for enjoying movie blockbusters. In addition, the 720 + features Selectable Voice Monitoring (SVM), allowing users to choose to hear their own voice through the headset. Sporting a lightweight and flexible design, the 720 + has been designed for extended playing sessions and comes replete in an eye-catching gloss white finish. “Following our recent announcement of the Pro + , we are pleased to continue upgrading our range of TRITTON headsets with the announcement of the 720 + . We expect the 720 + to be a key product in our range as we continue to grow our portfolio and market share within the headset sector.” said Darren Richardson, the President and Chief Executive Officer of Mad Catz. “We believe the enhanced features and upgraded design of the 720 + further demonstrate our commitment to offering market leading product which appeal to the passionate gamer.” Additional information and purchase options are available at: www.trittonaudio.com/720plus About Mad Catz Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz ® (gaming), Tritton ® (audio), and Saitek ® (simulation) brands. Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek 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. Social Media Facebook: http://www.facebook.com/MadCatzInc Twitter: http://twitter.com/MadCatzInc YouTube: http://www.youtube.com/MadCatzCompany Safe Harbor 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.