Daigo "The Beast" Umehara signing

San Diego, April 27. 2010

Mad Catz® Interactive, Inc. (“Mad Catz” or “the Company”) (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider today announced a sponsorship and promotional alliance with Daigo “The Beast” Umehara, an internationally renowned professional gamer specializing in the fighting game genre.

An avid player from the age of 11, Daigo is one of the gaming worlds’ most esteemed players, participating in tournaments for over 15 years and winning prestigious titles across no less than 10 different fighting games.

A celebrity amongst gaming enthusiasts, Daigo regularly participates in various exhibition bouts, writes his own regular gaming column and continues to participate in tournaments worldwide, including the famous Evolution series of tournaments which he has won several times. In addition, Daigo is the reigning Street Fighter® IV champion.

As part of Team Mad Catz, Daigo will represent the company at all professional gaming engagements around the globe using Mad Catz’ highly-acclaimed range of Tournament Edition FightSticks, including the new ‘Super Street Fighter™ IV Arcade FightStick: Tournament Edition “S”, recently launched to coincide with the release of the game later this month.

Working alongside the Mad Catz product designers and engineers, Daigo will offer a professional gamer’s perspective to the Mad Catz new product development process. Daigo’s role and input is consistent with Mad Catz’ commitment to bring to market accessories which represent the very highest levels of engineering and manufacturing quality and which enhance the gaming experience.

Darren Richardson, President and Chief Executive Officer of Mad Catz commented, “We are very excited about Daigo joining Team Mad Catz. His professional-gaming experience and competitive attitude complements our strategy of developing differentiated and high-quality interactive entertainment products that evoke a passionate consumer response.”

Daigo Umehara commented, “In my opinion, the Mad Catz Tournament Edition FightStick is the most realistic and authentic Arcade Stick available and continues to be my controller of choice when playing in tournaments. I’m excited to be part of Team Mad Catz and look forward to working closely alongside with them.”

For further information please contact:

Media

Alex Verrey: Global PR & Communications Manager

t. +44 (0) 1908 336 538

e. averrey@madcatz.com

Michael Greco: Vice President of Marketing

t. +1-619-321-3564

e. mgreco@madcatz.com

Investors

Stewart Halpern: Chief Financial Officer

t. +1-619-321 3550

e. shalpern@madcatz.com

Joseph Jaffoni, Norberto Aja and Jim Leahy

Jaffoni and Collins Incorporated

t. 212/835-8500

e. mcz@jcir.com

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 and Cyborg brands, and 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 across North America and Europe, and is increasing its distribution reach in Asia. For additional information please go to www.madcatz.com, as well as www.gameshark.com, www.airdrives.com and www.saitek.com.

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

Street Fighter is either a registered trademark or trademark of Capcom U.S.A., Inc., in the U.S. or other countries. Capcom is either a registered trademark or trademark of Capcom Co., Ltd., in the U.S. or other countries. All other trademarks are owned by their respective owners.

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