Mad Catz Enters into Multi-Year License Agreement with Coffin Case to Produce Cases...

Mad Catz Enters into Multi-Year License Agreement with Coffin Case to Produce Cases and Accessories for Rock Band(TM)and Guitar Hero(R) Game Peripherals

SAN DIEGO--(Business Wire)--
Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party
interactive entertainment accessory provider, announced today that it
has entered into a multi-year licensing agreement with Coffin Case
Company ("Coffin Case"). Pursuant to the agreement, Mad Catz has
secured the rights to manufacture, market, and sell the official
Coffin Case branded carrying cases for guitar controllers, drums and
videogame accessories cases, as well as guitar straps, and other
accessories, all for use with Rock Band and Guitar Hero.

"Owner and founder Jonny Edwards has built Coffin Case into one of
the most original and stylish makers of cases for musical instruments
in the business. This agreement allows Mad Catz to provide gamers the
opportunity to transport their music game accessories with the same
cool looks and protection for their gear as some of the biggest rock
artists have for their instruments," said Darren Richardson, President
and Chief Executive Officer of Mad Catz. "We believe the Coffin Case
license is an exciting complement to the range of premium instruments
we are developing for Rock Band."

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 video game systems and publishes video game
software, including the industry-leading GameShark video game
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
recently began manufacturing and marketing 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.

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

Copyright Business Wire 2008