Entertainment Editors/Business Editors/High-Tech Writers

E3Expo 2004

SAN DIEGO--(BUSINESS WIRE)--May 11, 2004

Mad Catz Interactive, Inc. "Mad Catz" (AMEX/TSE: MCZ), the world's leading third party video game accessory manufacturer, announced today its official E3 2004 lineup of new video game accessories. Mad Catz will feature the newest and hottest accessories available for the PlayStation(R)2, Xbox(R), GameCube(TM), and Game Boy Advance gaming systems.

"Our new products represent a sample of the incredible innovation that our developers are bringing to the video gaming industry," said Darren Richardson, President and CEO of Mad Catz. "For example, our newest GameShark product is a true convergence device that adds multi-media capability to the PS2. We are also introducing products that capitalize on the fast-growing online gaming segment and a number of products, like the Disc Repair Kit, that represent new entries into adjacent product categories. Our goal is to develop new products that can leverage our leading brands, product design expertise, low-cost manufacturing capability and extensive distribution network to drive continued growth during the transition to the next console cycle."

Some of the innovative new products that Mad Catz will showcase are:

GameShark(R)2 Cheat Codes and Media Center (PS2)

-- Broadband enabled to keep your GameShark up-to-date with

guaranteed codes for 1st day of game releases - available on

www.GameShark.com

-- 3D graphic engine

-- Music provided by Fear Factory

-- USB storage device reader

-- MP3 file support

-- Photo and Image viewer

-- Compatible with all PS2 gaming systems

Xbox Live Pad (Xbox)

-- Integrated Xbox(R) Live(TM) controller with built-in

-- Mute/volume control

-- Quality headset included

-- Compatible with all 100+ Xbox Live titles

HipCom Wireless Headset (Xbox)

-- Wireless Xbox(R) Live(TM) headset with communicator for online

gaming

-- Compatible with all cable and wireless Xbox controllers

-- Unblockable RF technology

-- Transfers data signal to and from headset and communicator

MicroCon Wireless Control Pad (Xbox)

-- Wireless solution of the leading and original micro controller

in the market

-- Contains all the features, comfort and control of a full-size

controller

Zombie Pad (Xbox and PS2)

-- Next generation controllers in design, colors, and lighting

-- Unique crackle/ zombie skin paint job

-- Fully-functional, limited edition controllers

Light Blaster (PS2)

-- New technology light gun that works with all HDTV, LCD, and

rear projection televisions

-- Vibration kickback, rapid fire, automatic reload

-- GunCON compatible

Micro Multi-Port (PS2)

-- 4-player multi-port lets four players go head-to-head using

one controller slot

-- Sleek new space saving design fits two side-by-side

-- Built-in memory card slot

-- Compatible with all games displaying the multi-player logo

Universal Arcade Master Pro(TM)

-- Universal arcade stick for PSX, PSone, PlayStation2, Xbox and

GameCube

-- Compatible with all analog and digital fighting games that

require one joystick

-- Customizable faceplate skins downloadable at www.GameShark.com

Universal Disc Repair Kit

-- Motorized repair unit removes scratches and blemishes on any

CD or DVD - games, music and movies

-- Helps repair skipping, scrambling and disk load errors

-- Forms protective layer to prevent future blemishes

-- Works with mini-discs

Universal Ethernet Power line Wall Mount (Xbox, PS2, PC, Mac)

-- PS2 and Xbox compatible - simply plug one wall mount next to

your Ethernet modem and the other next to your game console

-- Works with any PC and Mac that has a Ethernet port

-- Utilizes existing power outlets in your house to transfer data

at higher speeds than traditional wireless solutions

-- Enables online gaming

Universal System Selector HD

-- Fully HD compatible system selector

-- Component color separation for richer, brighter colors and

high quality sound

-- Remote control

-- Unique system under glow

-- Thin, 1-inch in height

5.1 Sound System/Game Theater (Xbox, PS2, GameCube)

-- Five 30W speakers and one 50W subwoofer sound system

-- Dolby Digital, Pro-logic II and DTS decoder build in 200W RMS

-- Decodes even without home system receiver

-- Converts regular RCA output devices, such as GameCube, into

5.1 signal

-- Connects to any audio output device with RCA jacks

Liquid Game Binders

-- Unique, liquid style CD binder to store games, music, movie

-- Unique design holds manuals and CD cover art

-- Ultra-protective CD sleeves

-- Downloadable graphics at www.GameShark.com to customize cover

About Mad Catz

Mad Catz, (www.madcatz.com), designs, develops, manufactures and markets a full range of high quality, competitively priced accessories for video game consoles and portables, including the industry leading GameShark brand of video game enhancements. Mad Catz is a worldwide leader of innovative peripherals in the interactive entertainment industry, with distribution through nine of the top ten U.S. retailers offering interactive entertainment products. With operating headquarters in San Diego, California, Mad Catz has offices in Canada, the U.K. and Asia, as well as distributors in Europe and Australia.

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," "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; market and general economic conditions. 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.

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