Replies to post #237 on MCZ Mad Catz Interactive Inc (MCZ)

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As previously reported, the Company completed the acquisition of the outstanding shares of Winkler Atlantic Holdings Limited (“Winkler”), a private company and owner of Saitek, on November 20, 2007. As a result of this acquisition, the Company is required to: a) submit an amendment on Form 8-K/A with the U.S. Securities and Exchange Commission to the Form 8-K filed by the Company on November 20, 2007 and a Business Acquisition Report with the Ontario Securities Commission, both including the past two years’ audited financials of Winkler and its five Saitek operating subsidiaries, along with pro forma financials showing the impact of the acquisition on Mad Catz’ financial statements for fiscal 2006, fiscal 2007, six-months ended August 31, 2007 and six-months ended August 31, 2006; b) consolidate into its interim financial statements for the three and nine month period ended December 31, 2007, the financial statements of Winkler and its five Saitek operating subsidiaries.

As a result of the extraordinary magnitude of work involved, the Company has been unable to complete and file the Form 8-K/A and Business Acquisition Report by the February 4, 2008 deadline (75 days after the date of closing the acquisition) and will not be able to complete its third quarter statements by the February 14, 2008 deadline (45 days after the end of the interim period) because additional time is needed to finalize the required consolidated financial statements. The Company expects to file the interim financial statements by February 19, 2008 and the Form 8-K/A and Business Acquisition Report no later than March 4, 2008.

The Ontario Securities Commission has indicated that in accordance with its Policy 57-603, should the Company fail to file the interim financial statements and MD&A on or before April 14, 2008, a cease trade order may be imposed by the applicable securities commissions, requiring that all trading of securities of the Company cease for such periods as may be specified in the order. It is anticipated that until the financial statements and management discussion and analysis (“MD&A”) are filed, the directors and senior officers of the Company will be subject to the cease trade order of the Ontario Securities Commission prohibiting such persons from trading in the securities of the Company. The Company intends to satisfy the provisions of the alternate information guidelines of Policy 57-603 for as long as it remains in default of the financial statement filing requirements of applicable Canadian securities laws.