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Majesco Entertainment And Paramount Pictures Bring Outrageous To The Nintendo DS With Nacho Libre



EDISON, N.J., June 15, 2006-Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of digital entertainment products and content, today announced Nacho Libre for the Nintendo DS. Based on the upcoming 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're proud to announce the first Nintendo DS wrestling game for the US and European markets," said Ken Gold , vice president of Marketing, Majesco Entertainment. " Nacho Libre is the perfect movie to translate into a handheld experience and our game captures all of the humorous wrestling action from the film."

Nacho Libre, opening in theaters on June 16 , 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 more than 10 other luchadors, all with their own unique abilities. The game also features a range of over-the-top wrestling attacks, four play modes, themed Touch Screen mini-games, 4 player wireless matches and numerous arenas from the movie in which players can battle to be the ultimate Luchador.

Developed by Budcat Creations, Nacho Libre will be available in October for a suggested retail price of $29.99. More information can be found online at 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, Héctor Jiménez, 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 (PlayStation ® Portable) system, Nintendo DS and Game Boy® Advance.Current product line highlights include Age of Empires: The Age of Kings® 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 now 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; timely development and release of our products; the ability to secure licenses to valuable entertainment properties on favorable terms; continued consumer acceptance of the gaming platforms on which our products operate and our products; competitive factors in the businesses in which we compete; fulfillment of orders preliminarily made by customers; the ability to attract and retain key personnel; 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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