Mad Catz(R) Ships the F.R.E.Q.TE(TM) 7.1 Surround Sound Gaming Headset

SAN DIEGO, Nov. 11, 2015 (GLOBE NEWSWIRE) — Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE:MCZ) (TSX:MCZ) announced today the shipping of the F.R.E.Q.TE 7.1, a new tournament quality 7.1 Surround Sound Gaming Headset optimized for competitive multiplayer gamers with an unrivaled level of audio personalization and an advanced dual microphone system for precision communication with teammates. Compatible across PC, the latest gaming consoles and smart devices, the F.R.E.Q.TE 7.1 is the ideal tournament ally no matter what game you play to win.

Part of the Company’s Tournament Edition range of high performance gaming products, the F.R.E.Q.TE 7.1 has been designed in conjunction with eSports athletes to withstand the stress of tournament play and deliver a competitive edge when gaming at home or at the professional level.

Connecting via standard USB, the F.R.E.Q.TE 7.1 delivers highly immersive 7.1 surround sound via state-of-the-art audio customization software, placing the gamer in the heart of the action and in full control over their audio landscape. High quality 50mm audio drivers present the audio with precision clarity, providing the gamer with a full 360 degrees of positional awareness. In addition, the removable boom microphone with dual-chat mic system work in unison to actively cancel out environmental background noise and boost the clarity of the gamer’s voice to teammates.

Mad Catz proprietary surround sound software allows gamers to alter, improve and personalize their audio to their liking by creating customized EQ profiles for all of their favorite media. Through audio enhancement, the clarity and previously lost audio details common to compressed audio are restored, while Dynamic Bass mode boosts low frequency response, relaying every explosion and shot with powerful precision. Voice Enhancement mode isolates and improves the clarity of voice frequency in VOIP or media, and when in VOIP mode, the Voice Effects feature even allows gamers to alter the sound of their own voice.

Compatible across PC, the latest HD gaming consoles and smart devices, the F.R.E.Q.TE 7.1 includes a 3.5 mm cable for connection to virtually any audio source, allowing gamers to enjoy their favorite games, movies, music and more in crystal-clear surround sound. Simple on-ear controls put volume, mic and ‘call/answer’ functionality at the gamers’ fingertips.

“As the next generation in our award winning F.R.E.Q. line of high performance gaming audio headsets, the F.R.E.Q.TE 7.1 exemplifies Mad Catz’ commitment to delivering products tailored to needs of today’s competitive gamers,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “In-game audio is vital to the performance of the player, and we believe that our F.R.E.Q.TE 7.1 will offer the competitive edge eSports and competitive gamers require to stay ahead of the competition. We’re confident that our strong line up of products spanning multiple gaming formats will see us build considerable momentum as we move towards the Holiday’s and into 2016.”

For additional information and to order your F.R.E.Q.TE 7.1 please visit:

http://store.madcatz.com/Mad-Catz-F-R-E-Q-TE-7-1-Stereo-Surround-Headset-for-PC

About Mad Catz

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE:MCZ) (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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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, F.R.E.Q., F.R.E.Q. TE and F.R.E.Q.TE 7.1 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.

CONTACT: Mad Catz Communications:
         Alex Verrey
         Global PR and Communications Director
         [email protected] or +44 (0) 1633 883 133
         Karen McGinnis
         Chief Financial Officer
         [email protected] or (858) 790-5008
         
         Investor Relations:
         Joseph Jaffoni, Norberto Aja, Jim Leahy
         JCIR
         [email protected] or (212) 835-8500