Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) announced today the Force Feedback Racing Wheel, a premium quality racing game controller for the Xbox One console. Designed to offer a highly authentic gaming experience, the genuine suede leather steering wheel houses a raft of technology, such as twin next generation Force Feedback motors and a luxury CNC anodized aluminum wheel face which can be removed from the wheel base should gamers wish to replace or upgrade in the future. “As we approach the Holiday season, excitement continues to mount for Xbox One and we’re pleased to announce our second premium product for the console,” said Darren Richardson, President and Chief Executive Officer of Mad Catz Interactive. “We have previously commented on how the enhanced performance of Xbox One opens up additional scope for innovation and believe that the precision engineering and customization of the Force Feedback RacingWheel will appeal to the passionate racing gamer.” Ideal for use with software such as Forza Motorsport® 5, the Force Feedback RacingWheel ships with a fully adjustable Pedal Set, allowing gamers to adjust the spring resistance, height and spacing on the gas and brake pedals. The Xbox One home entertainment system from Microsoft is expected to launch Holiday 2013. Additional information available at: www.madcatz.com/pressroom/About Mad Catz Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) is a leading global provider of innovative interactive entertainment and leisure 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™; 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 and leisure products and maintains offices in North America, Europe and Asia. For additional information about Mad Catz and its products, please visit the Company’s website at www.madcatz.com. Social Media Facebook: http://www.facebook.com/MadCatzIncTwitter: http://twitter.com/MadCatzYouTube: http://www.youtube.com/MadCatzCompanyCautionary Note Regarding Forward-Looking Statements Information in this press release that involves the Company's expectations business prospects, plans, intentions or strategies regarding its future are forward-looking statements that are not facts and that involve substantial risks and uncertainties. You can identify these statements by the use of 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 the Company’s actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include 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; unanticipated product delays; or a downturn in the market or industry. A further list and description of these and other factors, risks, uncertainties and other matters can be found in the Company's most recent annual report, and any subsequent quarterly reports, filed with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. The forward-looking statements in this release are based upon information available to the Company as of the date of this release, and the Company assumes no obligation to update any such forward-looking statements as a result of new information or future events or developments. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of the Company and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.