Mad Catz® Ships the L.Y.N.X. ™9 Mobile Hybrid Controller

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX:MCZ) announced today the shipping of the L.Y.N.X. 9 Mobile Hybrid Controller, a radically different gamepad designed to offer uncompromised control and portability.

Designed for the passionate gamer who typically plays across multiple devices, the L.Y.N.X. 9 features a patent-pending design which allows it to fold into a compact footprint, fitting into a shirt pocket for travel without compromising on the classic console-style ergonomic feel gamers are accustomed to.

The L.Y.N.X. 9 design uniquely enables the controller to be assembled in a variety of different configurations to fit the gamers’ chosen device. Consisting of three primary components (Left Wing, Right Wing and Controller ‘Brain’), the L.Y.N.X. 9 can break apart and attach to the included tablet stand, transforming a tablet of up to seven inches into a portable games console! Configure as a standard controller and enjoy living room gaming on a compatible set-top box or PC or attach the mobile clip and dock your smart phone for console quality gaming on the go.

The L.Y.N.X. 9 is an ideal companion for Smart TVs and living room browsing. The included QWERTY Keyboard Module attaches simply to the underside of the L.Y.N.X. 9 and provides effortless on screen typing. At the top of the controller, the integrated Mouse Sensor Pad and media controls allow for all manner of traditional control and the L.Y.N.X. 9 even includes an integrated microphone allowing for voice search with compatible hardware and applications.

“We believe the L.Y.N.X. 9 represents a generational leap in mobile game controllers. Today, gaming is commonly format agnostic, with most of us playing games across a variety of platforms and locations. The L.Y.N.X. 9 is designed to offer a premium gaming experience in almost any situation. Traditionally a mobile controller meant that comfort had to be sacrificed, unsuitable for sustained play and complex software now being introduced to mobile. Thanks to the ingenious design of the L.Y.N.X. 9, Mad Catz has produced a truly portable controller that delivers a full size, uncompromised gaming experience,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “The trend towards mobile gaming continues unabated and is set to explode further into 2015. We believe that a disruptive, high-quality product like the L.Y.N.X. 9 will enable us to further cement our reputation as leaders in mobile gaming and contribute significantly to sales in 2015.”

The L.Y.N.X. 9 is designed for precision performance, featuring hard-wearing metal and premium components, with action buttons rated to one million button presses. Owners of the L.Y.N.X. 9 are encouraged to download the free L.Y.N.X. app to their Android smart device. As well as providing gamers with a constantly updated list of compatible software, the app allows gamers to tune the sensitivity of the thumb sticks and triggers, creating a custom feel for their chosen software and ideal for FPS and action titles.

The L.Y.N.X. 9 will be debuting at CES Las Vegas 2015 and can be seen via appointment only at the Mad Catz suite, located at the Westgate Las Vegas Resort & Casino, suite number: 12121. Mad Catz will also be unveiling the L.Y.N.X. 9 Controller at the ShowStoppers CES event, taking place the evening of January 6, 2015 at The Wynn, Las Vegas.

For additional information or to order your own L.Y.N.X. 9 please visit: http://store.madcatz.com/Mad-Catz-L-Y-N-X-9-Mobile-Controller-for-Android-Smartphones-Tablets-PC.html

About Mad Catz

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX:MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz® (gaming), Tritton® (audio), and Saitek® (simulation) brands. Mad Catz products cater to passionate gamers across multiple platforms including in-home gaming consoles, handheld gaming consoles, Windows® PC and Mac® computers, smart phones, tablets and other mobile devices. Mad Catz distributes its products through its online store as well as distribution via many leading retailers around the globe. Headquartered in San Diego, California, Mad Catz maintains offices in Europe and Asia. For additional information about Mad Catz and its products, please visit the Company’s website at www.madcatz.com

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Cautionary Note Regarding Forward-Looking Statements

Information in this press release that involves the Company's expectations business prospects, plans, intentions or strategies regarding its future are forward-looking statements that are not facts and that involve substantial risks and uncertainties. You can identify these statements by the use of 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 the Company’s actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include the following: the ability to maintain or renew the Company's licenses; competitive developments affecting the Company's current products; first-party price reductions; availability of capital under our credit facility; commercial acceptance of new in-home gaming consoles; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; unanticipated product delays; or a downturn in the market or industry. A further list and description of these and other factors, risks, uncertainties and other matters can be found in the Company's most recent annual report, and any subsequent quarterly reports, filed with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. The forward-looking statements in this release are based upon information available to the Company as of the date of this release, and the Company assumes no obligation to update any such forward-looking statements as a result of new information or future events or developments. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of the Company and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.

Mad Catz, the Mad Catz logo, GameSmart and L.Y.N.X. are trademarks or registered trademarks of Mad Catz Interactive, Inc., its affiliates and/or subsidiary companies. All other company and product names may be trademarks of their respective owners.

Contacts:

Mad Catz Communications:
Alex Verrey, +44 (0) 1633 883 133
Global PR and Communications Director
averrey@madcatz.com
or
Karen McGinnis, 858-790-5008
Chief Financial Officer
kmcginnis@madcatz.com
or
Investor Relations:
JCIR
Joseph Jaffoni, Norberto Aja, Jim Leahy
mcz@jcir.com
212-835-8500

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