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It's A Dog Fight This Fall As Majesco Entertainment Ships 'F-24 Stealth Fighter' For The Game Boy(R) Advance

Company Announces Nintendo DS™ Version For 2007

EDISON, N.J., November 13, 2006 - Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of digital entertainment products and content, today ships F-24 Stealth Fighter, a new flight simulation game for the Game Boy® Advance. Majesco also announces that a Nintendo DS version of the game will be released in early 2007.

"F-24 Stealth Fighter is a fun, on-the-go military flight simulation at a very appealing price point," said Ken Gold, vice president of Marketing. "With a $14.99 MSRP, this is a great Holiday stocking stuffer for any GBA owner."

In F-24 Stealth Fighter, recent events in the Middle East, coupled with the continuing hostilities in Iraq have led to runaway political and military instability in Iran. Naval and Air Force aviators conducting operations in the area are at a full state of combat readiness and pilots are authorized to neutralize any threats with extreme prejudice.

With conditions worsening, it is up to players to maintain peace in this volatile region. Backed by the armed might of the F-24 Stealth Fighter, players embark on 20 different land and sea missions to combat the enemy. Pilots will be challenged to master first-person, carrier-based take-offs and landings as well as in-flight refueling. An arsenal of high powered weaponry is at their disposal, including 20mm Cannons, Sidewinder Missiles and Tomahawks.

Developed by Skyworks Technologies, F-24 Stealth Fighter for the Game Boy Advance is rated 'E10+' and available now for a suggested retail price of $14.99. The Nintendo DS version will launch in early 2007. For more information about F-24 Stealth Fighter as well as Majesco's exciting line of products, please visit www.majescoentertainment.com.

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® (PlayStation®Portable) system, Nintendo DS and Game Boy® Advance. Current product line highlights include Cooking Mama for the Nintendo DS, Guilty Gear Judgment for the PSP® (PlayStation®Portable) system and JAWS Unleashed, as well as digital entertainment products like Frogger® TV Arcade. Majesco also offers Game Boy® Advance Video versions of the beloved DreamWorks Animation movies Shrek, Shrek 2 and Shark Tale. 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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