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Tuesday, October 24, 2006

Majesco Entertainment Brings the First Wrestling Title to the Nintendo DS With 'Nacho Libre'

Majesco Entertainment Brings the First Wrestling Title to the Nintendo DS With 'Nacho Libre'

Game and Movie DVD Both Scheduled to Release October 24

EDISON, N.J., Oct. 24 /PRNewswire-FirstCall/ -- Majesco Entertainment Company (NASDAQ:COOL), an innovative provider of digital entertainment products and content, today announced Nacho Libre for the Nintendo DS(TM) has shipped to retailers nationwide. Based on the Paramount Pictures'/Nickelodeon Movies' film starring Jack Black, Majesco's Nacho Libre video game offers fans comedic wrestling mayhem -- exaggerated moves, wacky props and lots of pratfalls, all delivered in a unique "photo puppetry" visual style.

"We are excited to introduce the first wrestling title for the Nintendo DS," said Ken Gold, vice president of Marketing, Majesco Entertainment. "With both the game and movie DVD scheduled for release on the same day, fans should put on their stretchy pants, load up on toast and head straight to their quarters for wrestling mayhem."

Nacho Libre, which opened in theaters in June and is now available on DVD, stars Jack Black as Ignacio (Nacho), a cook by day in a Mexican orphanage who moonlights as a Lucha Libre wrestler to raise money for the orphans in this comedy from the creators of "Napoleon Dynamite" and the writer of "The School of Rock."

In Majesco's Nacho Libre game, players can play as Nacho or 19 other luchadors, all with their own signature moves, based on characters from the movie. Six modes of play include Story (single-player tied to the movie plot), Team (2-on-2) and Battle Jam (2-4 player wireless brawls). Players can also use the Touch Screen to play eight related mini-games including Nachoball, Bee Swat, Bullrun and Chariot Jump.

Developed by Budcat Creations, Majesco's Nacho Libre is now available for a suggested retail price of $29.99. More information can be found online at http://www.majescoentertainment.com/.

Paramount Pictures presents a Nickelodeon Movies/Black & White production of a Jared Hess film, Nacho Libre, starring Jack Black. The film also stars Ana de la Reguera, Hector Jimenez, Richard Montoya, and Peter Stormare, and is directed by Jared Hess. The screenplay is written by Jared Hess & Jerusha Hess & Mike White. Nacho Libre is produced by Mike White, Jack Black, Julia Pistor and David Klawans. The executive producer is Steve Nicolaides.

About Majesco Entertainment Company

Headquartered in Edison, NJ, Majesco Entertainment Company (NASDAQ:COOL) is an innovative provider of digital entertainment products and content, with a focus on publishing videogames for leading portable systems such as the PSP(R) (PlayStation(R)Portable) system, Nintendo DS(TM) and Game Boy(R) Advance. Current product line highlights include Cooking Mama for the Nintendo DS(TM), Guilty Gear Judgment for the PSP(R) (PlayStation(R)Portable) system and JAWS(TM) Unleashed, as well as digital entertainment products like Frogger(R) TV Arcade. Majesco also offers Game Boy(R) Advance Video versions of the beloved DreamWorks Animation movies Shrek, Shrek 2 and Shark Tale. More information about Majesco can be found online at http://www.majescoentertainment.com/.

About Paramount Pictures

Paramount Pictures is part of the entertainment operations of Viacom Inc., one of the leading global entertainment content companies, with prominent and respected brands in focused demographics.

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 the gaming platforms on which our products operate and our products; 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.

Source: Majesco Entertainment Company

CONTACT: Gloria Quinn, HighWater Group, +1-212-338-0077, ext. 310,
gloria@highwatergroup.com

Web site: http://www.majescoentertainment.com/

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