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MAJESCO ANNOUNCES FIRST PRODUCT FOR PSP ™ HANDHELD ENTERTAINMENT SYSTEM

‘Advent Shadow’ Expands Mythology of Advent Trilogy with New Handheld Game

EDISON, NJ, November 22, 2004 - Majesco (OTC BB: MJSH), a provider of diversified products and content for digital entertainment platforms, today announced Advent Shadow, its first title for the forthcoming PSP TM handheld entertainment system. Written and directed by the creators of the Advent Trilogy and developed by Full Fat, Advent Shadow is an entirely new game designed exclusively for the PSP system and scheduled for release in 2005.

"The technical capabilities of the PSP system allow us to deliver to a handheld device, the cinematic experience that embodies the Advent Trilogy," said Ken Gold, vice president of Marketing for Majesco. "We believe Advent Shadow being one of the first offerings for the PSP system gives us an advantage to succeed and grow with the platform."

Advent Shadow chronicles the gripping story of Marin Steel, a mercenary pilot thrust into a saga of intergalactic proportions. In the midst of extracting herself from a hostile negotiation, Marin is interrupted by a planetary invasion led by monstrous aliens bent on human genocide. In her efforts to escape the dying world, she encounters young Gideon Wyeth, the unlikely protagonist of Advent Rising, and together they find themselves swept up in a massive struggle against dire forces bent on the destruction of humanity.

"Advent Shadow allows us to further develop the character of 'Marin' through a completely new experience set in the same universe, but completely separate from the Advent Trilogy," said Donald Mustard, creator of the Advent Trilogy. "We've utilized the same themes and elements to expand upon some of the sub-plots of the trilogy and added compelling new game play to create a truly unique handheld experience."

About the Advent Trilogy

Scheduled for release in 2005, Advent Rising is the first of a planned trilogy of action/adventure games for the Xbox ® video game system from Microsoft and PC. An intergalactic saga created with award-winning science fiction author Orson Scott Card, the Advent series thrusts gamers into a continuously evolving series of sequences and events, where they are forced to make decisions that will affect not only the outcome of the first game, but the entire trilogy.

Additional information about Advent Shadow and the entire Advent Trilogy can be found at www.adventtrilogy.com.

About Full Fat

Established in 1996, Full Fat is a fast-growing, experienced, and respected independent game developer. Based in Coventry, U.K. the company has developed over 50 titles and built an impressively strong track record. Previously known for its work on high-profile licensed handheld products, today Full Fat develops its own proprietary multi-format technology for all major game platforms and aims to develop its own innovative and original IP.

About Majesco

Majesco Holdings Inc. (OTC BB: MJSH) , operating through its wholly owned subsidiary, Majesco Sales Inc., is a provider of diversified applications and content for digital entertainment platforms. The Company's 2004 lineup includes BloodRayne 2, the sequel to its popular action/horror series, and its Game Boy ® Advance Video product line which utilizes the Company's proprietary video compression technology to enable consumers to view commercial-grade video on a standard Nintendo Game Boy Advance system. Advent Rising, the first in a trilogy of action/adventure games, is expected to ship to stores in 2005. More information about the Company can be found online at www.majescogames.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; 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.

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