MAJESCO ENTERTAINMENT NAMES MICHAEL VESEY CHIEF FINANCIAL OFFICER

EDISON, N.J., March 8, 2011 -- Majesco Entertainment Company (Nasdaq: COOL), an innovative provider of video games for the mass market, today appointed Michael Vesey as its Chief Financial Officer. 

Mr. Vesey, 48, has been with Majesco for over four years, and has been acting as the company's interim CFO since August 2010.  Prior to that, he was Senior Vice President, Corporate Controller, and Chief Accounting Officer.  Before coming to Majesco in 2006, Michael was Chief Financial Officer at Nuvim, Inc., a maker of dietary supplement beverages. Mr. Vesey's experience includes over twenty years of senior financial management positions in the software and wireless industries. He is a certified public accountant and holds a BBA from Pace University.

Jesse Sutton, Chief Executive Officer of Majesco, said, "I am very happy to announce that Mike is our CFO.  Mike has been with Majesco for over four years now, and has proven to be a valuable asset to the company.  We are fortunate to have someone with his experience to oversee and lead our financial strategy.  We are confident in his ability to manage our finances, and drive our goals of strengthening our balance sheet while continuing to invest in our product pipeline and strategic growth plan."

"I am extremely pleased to officially be named the CFO of Majesco," said Mr. Vesey. "This is an exciting time for the company, and I look forward to helping Majesco build on the solid foundation already in place, and help the management team execute on all of its strategic goals."

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 Kinect for Xbox 360®, PlayStation®Move motion controller, Wii TM, Nintendo 3DS TM and DS TM, Facebook® Platform, mobile and other leading platforms. Product highlights include  Cooking Mama TMBabysitting Mama TMTETRIS® Party Deluxe and  Zumba Fitness®. 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 info can be found online at www.majescoentertainment.com or on Twitter at  www.twitter.com/majesco.

 


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