Mad Catz To Anounce Financial Results On February 8

Mad Catz Interactive, Inc. (”Mad Catz”), the world’s leading third party video game accessory provider, announced today that it expects net sales for its fiscal 2005 third quarter ended December 31, 2004 to be in excess of $50.0 million, an increase of more than 20% over the comparable period last year.

Mad Catz attributed the strong fiscal 2005 third quarter revenue growth to the success of several new products including MC Groovz Dance Craze, the Company’s first video game release and the first dance game on the GameCube platform; licensed bundles featuring characters from the hit Disney/Pixar movie The Incredibles; a line of MicroCON wireless controllers for Playstation 2, Xbox and GameCube; and a full line of accessories for Nintendo’s very successful Nintendo DS handheld gaming system. In addition, Mad Catz’ wireless products performed strongly and the Company continued to expand its distribution in Europe.

Darren Richardson, President and CEO of Mad Catz Interactive, Inc., said, “One of our goals this fiscal year has been to add new revenue streams while leveraging the existing infrastructure. Our fiscal third quarter revenue growth demonstrates that we are making tangible progress against this goal.

“We are pleased with our fiscal third quarter sales performance given the video game industry challenges this holiday selling season, including hardware shortages. We have announced several additional exciting new product opportunities for the new year, including a range of iPod accessories and licensed NFL controllers. Our revenue growth this holiday season with newly introduced products, our projected upcoming product introductions and our full range of core accessory offerings, combined with strong industry position and deep retail penetration, support our optimistic view of Mad Catz’ future prospects.”