Majesco Entertainment and Twentieth Century Fox Licensing and Merchandising Announce the Shipment of 'Alvin and The Chipmunks: The Squeakquel' to Retail Outlets Nationwide

Majesco Entertainment and Twentieth Century Fox Licensing and Merchandising Announce the Shipment of 'Alvin and The Chipmunks: The Squeakquel' to Retail Outlets Nationwide

All-New Video Game For Wii(TM) And Nintendo DS(TM) Based On The Highly-Anticipated Theatrical Release Challenges Players' Rhythm This Holiday Season

EDISON, N.J., Dec. 1 /PRNewswire-FirstCall/ -- Celebrate the holidays with The Chipmunks and The Chipettes! Majesco Entertainment Company (NASDAQ:COOL), an innovative provider of video games for the mass market, Twentieth Century Fox Licensing & Merchandising (Fox Licensing) and Bagdasarian Productions, today announced that Alvin and The Chipmunks: The Squeakquel for Wii and Nintendo DS is now available at retailers nationwide. Hitting stores just weeks before Fox's highly-anticipated theatrical release of the same name opening December 23rd, Alvin and The Chipmunks: The Squeakquel puts players' rhythmic skills to the test as they jet around the world performing to packed stadiums filled with thousands of adoring fans.

Featuring award-winning songs from The Chipmunks' library and hits from popular artists, Alvin and The Chipmunks: The Squeakquel lets players star as The Chipmunks, their girl-group counterparts The Chipettes, or both as they rock out on the ultimate worldwide tour. Performers can unlock and choose from a variety of pulse-pounding concert locations including 25 different venues on Wii and 11 in the Nintendo DS version.

Using the Wii Remote and Nunchuk or Nintendo DS stylus, players must keep the bands on tempo through songs that grow increasingly challenging in two modes of difficulty - Normal and Expert - to gain fans and set attendance records. Performers can also choose from a variety of gameplay modes including Multiplayer, that lets them compete against two friends on Wii or up to three friends on Nintendo DS, and Jukebox, where they can play their favorite unlocked songs while watching and singing along to music videos. Offering hours of fun for the entire family, Alvin and The Chipmunks: The Squeakquel lets fans of all ages boogie their way to the top this holiday season.

Developed by ImaginEngine, Alvin and The Chipmunks: The Squeakquel for Wii and Nintendo DS is rated E for Everyone and is available now for the suggested retail price of $39.99 and $29.99 respectively. To watch the trailer and find out more, please visit the official site at www.alvinandthechipmunksgame.com.

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 Wii(TM), Nintendo DS(TM) and other leading systems. Franchise highlights include Cooking Mama(TM), Cake Mania® and Jillian Michaels' Fitness Ultimatum. 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.

About Bagdasarian Productions

A leading producer of high quality, family-oriented programming, Bagdasarian Productions, helmed by Ross Bagdasarian and Janice Karman, is best known for its ownership of Alvin and The Chipmunks, The Chipettes, and other related characters. Originally created in 1958, The Chipmunks are now among the very few characters with a multi-generational, international following.

About Twentieth Century FOX Licensing & Merchandising

A recognized industry leader, Twentieth Century FOX Licensing and Merchandising licenses and markets properties worldwide on behalf of Twentieth Century FOX Film Corporation, Twentieth Television and FOX Broadcasting Company, as well as third party lines. The division is aligned with Twentieth Century FOX Television, one of the top suppliers of primetime entertainment programming to the broadcast networks.

About ImaginEngine

ImaginEngine is a leading brand in the development of quality children's titles and value software. The studio is known for its award-winning, commercially successful CD-ROMs, online, and casual games. ImaginEngine specializes in creating entertaining tools and experiences for kids and adults to enjoy and use to express themselves in software and the online world. The studio has shipped over 155 titles across major learning platforms. ImaginEngine is a Foundation 9 Entertainment studio, and is located in Framingham, MA. For more information please visit: www.imaginengine.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.

Source: Majesco Entertainment Company

CONTACT: Marisa Gross, Bender/Helper Impact, +1-212-689-6360,
marisa_gross@bhimpact.com, for Majesco Entertainment Company

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

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