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Majesco Entertainment Announces Cooking Mama Franchise Sales Reach 1.6 Million Units Domestically

EDISON, N.J., January 30, 2008 - Mama just keeps on cookin'! Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of video games for the mass market, today announced that the award-winning Cooking Mama franchise has reached sales of 1.6 million units in the United States. Franchise titles include: the original Cooking Mama game for Nintendo DS that launched in September 2006 and has sold more than 1 million units; Cooking Mama: Cook Off for the Wii console that launched in April 2007; and Cooking Mama 2: Dinner with Friends that released pre-holiday in November 2007.

"The success of Cooking Mama has been akin to catching lightning in a bottle," said Jesse Sutton, Chief Executive Officer, Majesco. "A unique concept, iconic main character and gameplay execution that fully utilizes the stylus and Wii Remote have proved to be a winning combination. We appreciate the continued support from all of Mama's fans and look forward to launching the fourth title in the franchise later this year."

Look for Mama's latest game, Cooking Mama 2: Dinner with Friends on the Nintendo MLB Spring Training Tour this February and March in Arizona.

The upcoming sequel to the best-selling Cooking Mama: Cook Off game for the Wii is due out later this year. Game details will be released shortly. For additional information on the Cooking Mama franchise, please visit www.CookingMama2.com

About Majesco Entertainment Company

Majesco Entertainment Company is a provider of video games for the mass market. Building on 20 years of operating history, the company is focused on developing and publishing a wide range of casual and family oriented video games on leading console and portable systems. Product highlights include Nancy Drew, Cooking Mama and Zoo Hospital for the Nintendo DS and Cooking Mama: Cook Off for the Wii console. 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.

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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