Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) announced today that its forthcoming range of GameSmart ™ headsets will utilize HD-PA components from STMicroelectronics that incorporate exciting Soundcore R3 ™ technology from Soundchip. STMicroelectronics (NYSE: STM) is a global semiconductor leader serving customers across the spectrum of electronics applications and a leading supplier of high-performance audio ICs. Soundchip is a Swiss-based innovator in audio-systems technology and originator of the High-Definition-Personal-Audio ™ (HD-PA ®) Reference. The HD-PA components to be incorporated into GameSmart headsets provide an authentic, High Definition sound experience as well as applying digitally programmable, zero-latency techniques to cancel unwanted background noise, which can often affect game play. “We’re excited to be working with technology leaders and innovators to bring truly unique products to market that are optimized for gaming,” said Darren Richardson, President and Chief Executive Officer of Mad Catz Interactive, Inc. “We believe these attributes will prove highly enticing to the passionate gamer.” Additional information available at: www.madcatz.com/gamesmart/ 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. About Soundchip SA From its base in Switzerland Soundchip offers global customers access to a broad range of solutions in audio systems technology for sound at the ear. The company is the originator of the HD-PA Reference and is committed to providing customers with solutions that demonstrate the superior qualities of high definition sound in products designed for mobility and convenience. Soundchip licenses its solutions to leading brands involved in the design and manufacture of audio codecs, processors, sound transducers, multimedia systems and consumer products. Soundchip and HD-PA are registered trademarks of Soundchip SA. All rights reserved. Further information on Soundchip can be found at www.soundchip.ch. Social Media Facebook: http://www.facebook.com/MadCatzIncTwitter: http://twitter.com/MadCatzIncYouTube: 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.