MAJESCO ENTERTAINMENT RELEASES SCREENS FOR 'KarmaStar' FOR iPHONE™ AND iPOD® TOUCH

EDISON, N.J., March 11, 2009 - Master those difficult life decisions in the palm of your hand as Majesco Entertainment Company (NASDAQ: COOL) today released the first screenshots for KarmaStar, a new light-hearted strategy game for the iPhone™ and iPod® touch. Marking Majesco's first foray into the iPhone game category, KarmaStar offers visually stunning graphics and addicting gameplay that will keep players hooked. Developed by Arkane Studios, who is led by acclaimed game designer Harvey Smith, the game features a quirky, signature style and the ability to battle with human/AI players over WiFi. KarmaStar makes its debut on iPhone at the end of March.

In KarmaStar, players must hone their life skills in five personal traits - including Health, Mind, People, Love, and Money. By taking small, calculated steps, players have the ability to build these traits, or live dangerously and see where a little deviousness can take them. Each game takes no more than 10 minutes, so players must waste no time in mapping out either a constructive or combative strategy and then pursuing their chosen path in order to achieve their life goals.

KarmaStar will be available through the iPhone App Store at the end of March. For additional information about Majesco's exciting line of products, please visit: 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 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.

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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Contact:

Audra McIver/ Marisa Gross

Bender/Helper Impact

212-689-6360

audra_mciver@bhimpact.com/ marisa_gross@bhimpact.com


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