MAJESCO EUROPE, DEVOLVER DIGITAL AND CROTEAM ANNOUNCE‘SERIOUS SAM HD’ FOR XBOX LIVE ARCADE FOR XBOX 360

Legions of long-time fans and a whole new generation of gamers around the world can now experience serious shooting mayhem as Majesco Europe, an innovative provider of video games for the mass market, today announced that Serious Sam: The First Encounter HD is coming to Xbox LIVE® Arcade for the Xbox 360® video game and entertainment system from Microsoft. Developed by Croteam, the creators of the Serious Sam franchise, and produced in partnership with Devolver Digital, Serious Sam: The First Encounter is re-tooled and re-vamped in glorious High Definition with an all-new version of the CroTech engine.

“We are really excited to update our hero and recreate Sam in stunning high definition for Xbox LIVE Arcade players,” said Roman Ribaric, CEO of Croteam.“The fans have lobbied us hard to do this, so we are stoked about bringing Sam back as big, bold and bad as he ever was.”

The game is being produced by Devolver Digital, a brand new production and publishing company based in Austin, Texas, specialising in delivering top quality entertainment to gamers worldwide at affordable prices by any and all means available.

“We are almost inappropriately excited that this fun and robust game is our first humble offering to gamers worldwide,” said an unnamed, masked spokesperson for Devolver Digital.“And bridging the gap between the fine folks at Croteam and Majesco feels good too. It’s a long way from Croatia to New Jersey, but worth the walk.”

“Xbox LIVE Arcade is an important platform in our overall strategic plan,” said Gui Karyo, Executive Vice President of Operations for Majesco.“Serious Sam has a long history of console success and this graphically enhanced version is a great first title to kick off our Xbox Live Arcade initiative.”

Serious Sam HD is not your mother’s generic, large-scale, orchestral scored, Space Marine-themed epic FPS with dialogue that pretends it’s an RPG...instead, Serious Sam HD is a grab you by the jibblies run and gun, twitch FPS: BIG guns, TONS of enemies, 4-Player Online Co-Op and stunningly superfluous HD graphics that rival retail boxed games. You've waited forever but Serious Sam is back from the nether with its award-winning game play that will remind you why you play FPSs in the first place.

For more information please contact:-

Tony Coles, Peppermint P

@: tony.coles@peppermintp.com

t: +44 (0) 207 240 2645

About Croteam

Croteam are the creative force behind the massively successful Serious Sam series, which is recognized across the globe for its all-action and entertaining game design and its powerful Serious Engine technology. Founded in Zagreb, Croatia in 1993, Croteam has grown to become one of the most successful and respected developers in Eastern Europe.

About Devolver Digital

Devolver Digital is a small, laser-focused production and publishing company based in Austin, Texas, (also with one very lonely desperado in London) from an unnamed group of industry veterans/outlaw refugees. The company aims to take large wads of fun created by great game developers worldwide, and help create large wads of cash from it by getting it into the hands of rich, entertainment-starved gamers around the world, wherever they happen to be hanging out, and for whatever currency is handy.

About Majesco Entertainment Company

Majesco Entertainment Company is a provider of video games for the mass market. Building on more than 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 Cooking Mama™ and Cake Mania®2 for Nintendo DS™, and Cooking Mama World Kitchen and Jillian Michaels’ Fitness Ultimatum 2009 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. @Majesco is on twitter or at www.twitter.com/majesco. Majesco Europe’s website can be found at http://www.majescoeurope.com. Majesco Europe is on twitter at http://twitter.com/majescoeurope

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.

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