MAJESCO ENTERTAINMENT'S CRITICALLY ACCLAIMED SHOOTER 'BLAST WORKS: BUILD, TRADE, DESTROY' RECEIVES NEW LOW PRICE

EDISON, N.J., August 4, 2008 - Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of video games for the mass market, today announced that Blast Works: Build, Trade, Destroy is now available at retailers for the unbeatable price of $19.99. Developed exclusively for Wii™ by Budcat Creations, Blast Works has secured top ratings from major media outlets, including:

• 'A' rating from Electronic Gaming Monthly

• 'A' rating from 1Up.com

• 9 out of 10 from Destructoid.com that said the game was "fantastic" and "a fine example of excellence in the genre..."

• 9 out of 10 rating from GameZone.com that said Blast Works was "an unrelenting blast"

• 8.5 out of 10 from Nintendo Power that recognizes the game's "genuinely unique gameplay"

• 8.1 rating and Wii Game of the Month for June from IGN.com that said Blast Works "provides almost limitless replayability"

"Blast Works has been well received by the gaming community as one of the most innovative and creative games for Wii," said Gui Karyo, Executive Vice President of Operations, Majesco. "With the lower price point, the game is among the best values available this summer and a must-own for hardcore gamers, budding game designers and action fans alike."

Blast Works is an innovative side-scrolling 2D shooter based on Kenta Cho's popular online game Tumiki Fighters. Featuring multiple game content editors and the groundbreaking Blast Works Depot website where gamers can post and trade custom content worldwide, Blast Works also features a "sticky" element that lets players absorb the pieces and attributes of enemy ships to boost their own flying arsenal. In addition to 15 missions included in the basic game, multiple Blast Works Editors allow players to construct their own shapes, ships, levels, enemies, movement and bullet patterns. Also, Blast Works lets gamers trade their unique content directly with friends or share their content globally over BlastWorksDepot.com via the Nintendo Wi-Fi Connection and WiiConnect24. This website allows players to upload and download community-developed content with other users anytime from anywhere for endless gameplay possibilities.

Blast Works: Build, Trade, Destroy is rated E for Everyone, and is now available for a suggested retail price of $19.99. For additional information, please visit www.blastworksgame.com. and www.blastworksdepot.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 widerange of casual and family oriented video games on leading console and portable systems. Product highlights include Nancy Drew™, Cooking Mama™ and Cake Mania® 2 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.

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; our ability to complete and release our products in a timely fashion; competitive factors in the businesses in which we compete; continued consumer acceptance of our products and the gaming platforms on which our products operate; fulfillment of orders preliminarily made by customers; 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.

Contact: Audra McIver / Andrew Kelly

Bender Helper Impact

(212) 689-6360

audra_mciver@bhimpact.com/ andrew_kelly@bhimpact.com


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