Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX: MCZ) announced today the S.U.R.F.R™, a wireless media and game controller designed to integrate seamlessly into today’s connected living room, and portable enough take with you anywhere you want to go.

Seamlessly integrating with Bluetooth® enabled devices, the S.U.R.F.R provides uncompromised control to smart TV’s running Android TV™, Android™ powered streaming media devices, such as the Amazon® Fire TV™ and the Mad Catz M.O.J.O.™ Micro-Console™ for Android™ as well as connected devices including smartphones, tablets and home theater PC’s.

Featuring a full QWERTY Keyboard and mouse capabilities along with integrated media controls, the S.U.R.F.R makes it easy to surf the web, navigate media, and stay connected via text or social media. And when you’re ready to game, the S.U.R.F.R delivers true gamepad control, with action buttons positioned around dual analog thumb sticks. Four buttons positioned on the left thumb stick mimic D-pad control, while buttons on the right serve as the traditional four action buttons commonly found on console style controllers. This unique configuration allows the controller to remain compact yet highly ergonomic during use.

“Today’s living room is rapidly evolving beyond proprietary cable boxes and gaming consoles. While consumers continue to gravitate towards connected devices as their preferred platform for streaming digital media content, gaming, surfing the web and social media, current controllers just don’t deliver on the experience they desire. The S.U.R.F.R has been designed to get the most out of these different devices we are now accustomed to in our daily lives,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “We are confident in the multiple opportunities presented by the S.U.R.F.R and look forward to it contributing to sales of our GameSmart suite of connected products throughout 2015 and beyond.”

For gaming-on-the-go, the S.U.R.F.R features a removable mobile clip for docking a smartphone.

Mad Catz’ S.U.R.F.R will debut March 1, 2015, at MobileFocus® Global 2015 in Barcelona, and will be on display the next day at Mobile World Congress in the Silicon Image®/MHL® booth, located in hall 7, number 7F31.

For additional information please visit: http://madcatz.com/gamesmart_surf_r/

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, M.O.J.O. and S.U.R.F.R 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.