Saitek Pro Flight range

San Diego, May 7, 2009

Mad Catz® Interactive, Inc. (“Mad Catz” or “the Company”) (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today the expansion of the Saitek® Pro Flight range of accessories, with three exciting new products scheduled for release on PC.

The Pro Flight Instrument Panel, Pro Flight Radio Panel and Pro Flight Multi Panel each exhibit startling levels of authenticity and have been designed to greatly enhance game play of Microsoft® Flight Simulator X™ or Flight Simulator 2004™ as well as other flight simulation software. These panels simulate on-screen displays and dramatically reduce the user’s need for mouse and keyboard during play, thus greatly enhancing realism.

Eliminating the need for cumbersome in-game heads up display (HUD), the Pro Flight Instrument Panel utilizes a high resolution color LCD screen which displays real-time game content when used with Flight Simulator X. Utilizing the on-board controls, users can instantly switch between altimeter, vertical speed indicator, altitude indicator, airspeed, compass and turn & slip indicator. The Pro Flight Instrument Panel’s modular mounting system allows up to six Panels to be connected together, delivering the ultimate in cockpit realism. Users who own the Saitek® Pro Flight Yoke (sold separately) can even mount the Panels directly to the Yoke itself for a simple and highly effective appearance.

The Pro Flight Radio Panel features a unique selection of LED’s and Switches used to control various aspects of communication and radio control featured in flight simulation software. When used with Flight Simulator X or Flight Simulator 2004, the Radio Panel once more eliminates the need for on-screen radio display. Including controls for the COM1/COM2/NAV1/NAV2 functions alongside the DME/ADF/XPDR functions, The Pro Flight Radio Panel features twin concentric Adjustment Dials which adjust frequency units incrementally for quicker selection and the system is also mountable to the Pro Flight Yoke (sold separately).

Allowing users to tweak multiple in game settings, the Pro Flight Multi Panel brings detailed levels of control and customization to the fingertips of flight simulator enthusiasts. Featuring a full autopilot panel with associated setting controls for auto throttle, flaps and elevator trim wheel, the Panel once more reads real-time data directly from Flight Simulator X and Flight Simulator 2004, thus eliminating the need for on-screen auto-pilot controls and is also mountable to the Pro Flight Yoke (sold separately).

Darren Richardson, President and Chief Executive Officer of Mad Catz commented, “The Saitek brand is synonymous with flight simulation gaming. The new range of Pro Flight accessories expands the market by complimenting our existing Pro Flight Yoke and enabling enthusiasts to build-out their cockpits. Constructed from quality materials, the new Saitek Pro Flight products introduce a new level of authenticity and realism to the flight simulation genre.”

The Saitek Pro Flight Instrument Panel will be available from May 2009 and the Pro Flight Radio Panel and Pro Flight Multi Panel are each expected to be available from July in North America and selected European territories with an MSRP of $149.99 / £129.99 / €149.99 for each product.

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

Joseph Jaffoni, David Jacoby - Jaffoni & 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 brand, and designs, 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 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.