Mad Catz Interactive, Inc., a leading third party interactive entertainment accessory provider, announced today that the American Stock Exchange (“Amex”) has approved its plan, submitted on March 20, 2008, outlining the actions it has taken, or will take, to regain compliance with the Amex’s continued listing standards by no later than June 4, 2008.

As previously announced, in March 2008 Mad Catz received a letter from the Amex indicating that it was in violation of the Amex’s continued listing standards because the Company had not yet filed an amendment to the Form 8-K filed on November 20, 2007 containing the additional required financial information related to its acquisition of Winkler Atlantic Holdings Limited, a private company and owner of Saitek. To date, as a result of the extraordinary magnitude of work involved, the Company has not completed and filed the required financial information, and its listing is being continued pursuant to an extension. Mad Catz is working closely with its auditors to complete and file the information with the U.S. and Canadian regulators as soon as possible and expects to regain full compliance with Amex listing standards within the time frame specified by the Amex.