MJES Majesco Holdings New (MM)

Majesco to Officially Change Corporate Name and NASDAQ Ticker Symbol Majesco CEO to Open NASDAQ Stock Market to Celebrate New Name and Ticker Symbol EDISON, N.J., April 8 /PRNewswire-FirstCall/ -- Majesco Holdings Inc. (NASDAQ:MJES), an innovative provider of diversified products and content for digital entertainment platforms, today announced that it will officially change its name and ticker symbol on April 11, 2005. (Logo: http://www.newscom.com/cgi-bin/prnh/20050408/NYF060LOGO ) The company will thereafter be known as Majesco Entertainment Company and trade under the ticker symbol "COOL." The name and ticker changes are designed to more accurately reflect the Company's identity as a diversified digital entertainment company. At the commencement of trading on April 11, 2005, the Company's common stock, which is traded on The NASDAQ National Market, will begin trading under the symbol "COOL." To inaugurate this change, Majesco management will be on hand at the NASDAQ Market Site on April 13, 2005 to ring the opening bell. Shares of the Company's common stock will no longer be traded under the symbol "MJES." Stockholders are not required to take any further action with respect to the name change. Carl Yankowski, Majesco's Chairman and Chief Executive Officer, commented, "We believe that the name Majesco Entertainment Company is indicative of our strategy to provide innovative and appealing digital entertainment products to the consumer. Furthermore, we believe our new ticker symbol COOL represents the unique culture and innovative spirit of Majesco." About Majesco Headquartered in Edison, NJ, Majesco Holdings Inc. (NASDAQ:MJES) is an innovative provider of diversified products and content for digital entertainment platforms. The Company's three main product lines include Games, which includes highly anticipated titles such as Advent Rising and Psychonauts; Videos, which highlights the Company's platform-independent video compression technology; and Gadgets, which includes innovative digital entertainment products like Frogger TV Arcade Plug and Play. More information about the Company can be found online at http://www.majescogames.com/ . Safe Harbor Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by reference to a future period(s) or by the use of forward- looking terminology, such as "may," "will," "intend," "should," "expect," "anticipate," "estimate" or "continue" or the negatives thereof or other comparable terminology. The Company's actual results could differ materially from those anticipated in such forward-looking statements due to a variety of factors. These factors include but are not limited to, the demand for our products; timely development and release of our products; the ability to secure licenses to valuable entertainment properties on favorable terms; continued consumer acceptance of the gaming platforms on which our products operate and our products; competitive factors in the businesses in which we compete; fulfillment of orders preliminarily made by customers; the ability to attract and retain key personnel; adverse changes in the securities markets; and the availability of and costs associated with sources of liquidity. The Company does not undertake, and specifically disclaims any obligation, to release publicly the results of any revisions that may be made to any forward- looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. All trademarks are properties of their respective owners. http://www.newscom.com/cgi-bin/prnh/20050408/NYF060LOGO http://photoarchive.ap.org/ DATASOURCE: Majesco Holdings Inc. CONTACT: Mary Magnani, Director, Investor Relations, MAJESCO HOLDINGS INC., +1-732-225-8910 Web site: http://www.majescogames.com/

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