BUILDING A TROPHY HOME IS NOW JUST A STYLUS STROKE AWAY AS MAJESCO ENTERTAINMENT ANNOUNCES 'OUR HOUSE' FOR NINTENDO DS™

First Game from New Majesco Studios Development Team
Offers Broad Appeal

EDISON, N.J., March 13, 2008 - Build and decorate your dream home in Our House, a new simulation for Nintendo DS™ announced today by Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of video games for the mass market. Developed by Majesco Studios Santa Monica, Our House puts players in the contractor's shoes, challenging them to manage work-for-hire jobs and then use those earnings to create their own custom residence. A companion title to the previously announced Wii™ version, Our House for DS is due in stores this holiday season.

"We are incredibly excited about the Our House franchise and this extension of it. Both DS and Wii versions leverage the innovative controls of each system to create fun, addictive games with a perennially popular theme," said Jesse Sutton, Chief Executive Officer, Majesco. "We are particularly proud that this is among the first titles to be developed by Majesco Studios whose core focus is on creating unique IP and technology with a mass market appeal."

"The central building mechanic of Our House is a perfect fit for the Touch Screen since the stylus functions as a universal improvement tool," said Bill Petro, Vice President of Internal Development and Studio Head for Majesco Studios Santa Monica. "This unique, do-it-yourself concept lets players become architect, builder, interior designer and home-owner simultaneously."

Our House allows players to design, build, remodel and decorate a wide selection of homes using the DS stylus as the ultimate building tool. Lay flooring, hang cabinets, strip wallpaper, arrange furniture and much more using the intuitive Touch Screen in 100 different mini-games.

Players choose contractor assignments from the Job Board then renovate kitchens, living rooms, bathrooms and bedrooms for eccentric homeowners with varying tastes in decor. Gamers
can also drop by the local home improvement store and spend their earnings on additional tools and furnishings, including new appliances and accessories, to boost the value of their own residence and upgrade houses throughout the game.

Our House for DS is expected to ship this holiday. For additional information, please visit the newly relaunched www.majescoentertainment.com.

About Majesco Entertainment Company
Majesco Entertainment Company is a provider of video games for the mass market. Building on 20 years of operating history, the company is focused on developing and publishing a wide range of casual and family oriented video games on leading console and portable systems. Product highlights include Nancy Drew™, Cooking Mama™ and Zoo Hospital™ for Nintendo DS™ and Cooking Mama: Cook Off for Wii™. The company's shares are traded on the Nasdaq Stock Market under the symbol: COOL. Majesco is headquartered in Edison, NJ and has an international office in Bristol, UK. More information about Majesco can be found online at www.majescoentertainment.com.

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