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Majesco Inks Worldwide Publishing Deal For "Aeon Flux"; Video Game Scheduled To Release With Motion Picture Starring Charlize Theron

Game to Feature Voice and Likeness of Oscar® -Winning Actress

EDISON, N.J., April 05, 2005 - Majesco (NASDAQ: MJES), an innovative provider of diversified products and content for digital entertainment platforms, today announced it has secured the worldwide rights to publish Aeon Flux for the Xbox ® video game system from Microsoft and PlayStation ®2 computer entertainment system.

The game is scheduled to coincide with the theatrical release, which stars Oscar ®-winning actress Charlize Theron ("Monster") as Aeon Flux as well as such notable talents as Marton Csokas ("The Bourne Supremacy"), Frances McDormand ("Fargo"), Oscar ®-nominee Sophie Okonedo ("Hotel Rwanda"), Jonny Lee Miller ("Trainspotting"), and Pete Postlethwaite ("The Usual Suspects") and is directed by Karyn Kusama ("Girlfight"). Majesco's Aeon Flux ties together the animated series, which ran on MTV from 1992-1997, and the motion picture, which is slated for release in Fall 2005.

"We are excited to be partnering with MTV and Terminal Reality on such an encompassing project as Aeon Flux," said Jesse Sutton president of Majesco. "By including the voice talent and likeness of Charlize Theron, we hope to provide consumers with a product that seamlessly fits within the world of Aeon Flux yet offers an interactive component that complements its entertainment counterparts."

Developed by Terminal Reality, creators of Majesco's hit BloodRayne series, Aeon Flux is based on Peter Chung's popular futuristic MTV animated series and features a palpitating blend of stealth, speed and acrobatic combat. As beautiful as she is lethal, Aeon Flux is an agent whose abilities transcend everyday belief; she will depend upon those skills and talents to rid the city of Bregna from an evil tyranny.

Paramount Pictures'/Lakeshore Entertainment's "Aeon Flux" is set 400 years in the future, when disease has wiped out the majority of the earth's population except for one walled, protected city-state, Bregna, ruled by a congress of scientists. The story centers on Aeon Flux (Charlize Theron), the top operative in the underground 'Monican' rebellion, led by The Handler (Frances McDormand). When Aeon is sent on a mission to kill a government leader, she uncovers a world of secrets.

Paramount Pictures and Lakeshore Entertainment present a Valhalla Motion Pictures and MTV Films production, "Aeon Flux." Directed by Karyn Kusama and written by Phil Hay & Matt Manfredi based upon characters created by Peter Chung, the film is produced by Gale Anne Hurd, David Gale, Gary Lucchesi, and Greg Goodman. Tom Rosenberg and Van Toffler executive produce. The film will be distributed in the United States by Paramount Pictures.

More information about Aeon Flux as well as Majesco's entire product line can be found online at www.majescogames.com.

Paramount Pictures will also aim to showcase Aeon Flux online on the film's official website - AeonFlux.com. The site will features such elements as: interactive downloads, a timeline showing the history of the world of Aeon Flux, fan art competitions, and an interactive comic book which integrates the style of a comic book along with interactive game engines.

Paramount Pictures is part of the entertainment operations of Viacom, Inc., one of the world's largest entertainment and media companies and a leader in the production, promotion, and distribution of entertainment news, sports and music.

MTV Films is the feature film development and production division of MTV that releases films in conjunction with Paramount Pictures. Since its inception in 1995, MTV Films has established itself as a unique movie label with a slate of diverse and successful films.

About Majesco

Headquartered in Edison, NJ, Majesco Holdings Inc . ( NASDAQ : MJES ) is an innovative provider of diversified products and content for digital entertainment platforms. The Company's

three main product lines include Games, which includes highly anticipated titles such as Advent Rising and Psychonauts; Videos, which highlights the Company's platform-independent video compression technology; and Gadgets, which includes innovative digital entertainment products like FroggerTV Arcade. 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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