Entertainment Editors

SAN DIEGO--(BUSINESS WIRE)--March 6, 2003

Mad Catz Interactive, Inc. (AMEX/TSE: MCZ), the world's leading third party video game accessory manufacturer, today announced the launch of its cutting-edge video game enhancement GameShark 2, V3.0 for PlayStation(R)2.

This highly anticipated software is the Company's first GameShark product launch since acquiring the brand in January 2003. GameShark 2, V3.0 is currently shipping to retailers and will be available at the suggested retail price of $39.99 US.

With more than 16,000 secret codes, GameShark 2, V3.0 offers more than any other video game enhancer to date, allowing players to unlock access to secret levels, new characters, a broadened array of vehicles and much more. GameShark 2, V3.0 includes a library of 312 games, giving die-hard players hours of gaming excitement and thousands of ways to improve the gaming experience.

With a dramatic new, user-friendly interface and the inclusion of preloaded game saves, GameShark 2, V3.0 blows away the competition. A powerful memory card manager allows players to format their memory card and to compress or uncompress saved files. Additionally GameShark 2 comes with hundreds of game saves for the latest hot titles. The new GameShark also includes the Region Free DVD player, enabling the PlayStation 2 to play DVDs from every one of the six different regions.

The GameShark code creators continue to discover new cheat codes, support new games as they are released, and seek other enhancements to the gaming experiences for all GameShark users. Players can input new codes to keep any version of GameShark 2 up-to-date and remain on the cutting edge of gaming. Mad Catz will continue to support all versions of GameShark.

"With its established and committed community of users, GameShark is clearly the dominant brand in video game enhancement. GameShark 2, V3.0 incorporates new features and we'll be introducing other new products to maintain the brand's leadership among gamers worldwide," noted Darren Richardson, President and Chief Operating Officer of Mad Catz, Inc. "We have a number of follow-up products in the works to be released throughout the year that combine the same great excellence to which consumers have become accustomed with the GameShark brand and Mad Catz' commitment to ground-breaking advancements."

About Mad Catz Interactive, Inc.

Mad Catz Interactive, Inc., (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.

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