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Mad Catz Unveils GameShark Media Manager for the PSP

PC Software Tool to Simplify, Optimize Multi-Media Use of the Sony PSP

For Immediate Release

SAN DIEGO, CA --- (May 13, 2005) --- Mad Catz Interactive, Inc., (AMEX/TSX: MCZ), the world's leading third-party video game accessory provider, today unveiled the GameShark Media Manager for PSP , a windows-based PC software application, which is expected to ship to stores this summer. The GameShark Media Manager for PSP is an easy-to-use tool for managing, storing, accessing and organizing game, video, music and other files on the PSP handheld gaming system.

"The PSP is a revolutionary product that has the potential to transform the portable entertainment market,* said Darren Richardson, President and CEO of Mad Catz. "The GameShark Media Manager represents another product extension that leverages the strength of our GameShark brand."

The GameShark Media Manager:

  • Converts .jpg and .gif format pictures for slideshow playback on the PSP handheld gaming system
  • Allows users to download, convert and copy .MPEG 1 and 2, .avi, .mov, divx, format movies for playback on the PSP handheld gaming system
  • Features a user-friendly, drag and drop interface to manage and back up music, videos, pictures and game saves
  • Searches and transfers media files between PC, memory stick and the GameShark online database
  • Creates MP3 play lists and categorizes music by artist or genre for playback on the PSP
  • Offers the ability to easily transfer archived movies and photos from a PC to the PSP Memory Stick Duo
  • Contains a unique Mcode login system to access content on GameShark.com to prevent piracy
  • Includes an RSS news feed that constantly keeps players current on the latest PSP news
  • Features a capacity bar to show available free space on memory sticks

Mad Catz plans to distribute the GameShark Media Manager for PSP gaming system to its major retailers for a suggested retail price of $29.99. The software will ship with a USB cable for connecting PC to PSP. For further information on the GameShark Media Manager for PSP, or any of Mad Catz' other GameShark products, visit www.gameshark.com.

About Mad Catz Interactive, Inc.

Mad Catz is a worldwide leader of innovative peripherals in the interactive entertainment industry. Mad Catz designs and markets a full range of accessories for video game systems and publishes video game software, including the industry leading GameShark brand of video game enhancements. Mad Catz has distribution through most leading retailers offering interactive entertainment products. Mad Catz has its operating headquarters in San Diego, California and offices in Canada, Europe and Asia. For additional information go to www.madcatz.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 manufac!

turing; 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.

Contact:

Melissa Tomlinson

Mad Catz Interactive, Inc.

619/683-9830 x360

or Mtomlinson@madcatz.com

Purdy Tran, Joseph Jaffoni

Jaffoni & Collins Incorporated

212/835-8500

or mcz@jcir.com

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