MAJESCO ANNOUNCES FIRST TWO TITLES FOR NINTENDO DS

Majesco |

EDISON, NJ, October 1, 2004 - Majesco (OTC BB: MJSH), a provider of diversified applications and content for digital entertainment platforms, today announced two exclusive titles for the Nintendo DS system, Moonlight Fables and Nanostray. Both titles feature touch screen input, multiplayer network play and dual screen support and are scheduled for release next year.

"The Nintendo DS promises a very unique interface and an array of software features, including wireless connectivity and touch screen support," said Jesse Sutton, President of Majesco. "We are pleased to announce our first game offerings for the Nintendo DS and look forward to creating a variety of innovative products for the system."

Moonlight Fables is a side-scrolling, action/adventure title designed by Cyber Philharmonic Video Game Design and follows the saga of Trista Silver, a recent Strike Force officer graduate and the unwitting heir to the Wolfen Empire. Players utilize the Nintendo DS touch screen, to manipulate the phases of the moon and unlock Trista's werewolf powers.

A 3D sci-fi shooter developed by Shin'en, Nanostray boasts a wide array of weapons, un-lockable features and game modes, as well as an online ranking system that tracks the game's top players. Nanostray's touch screen features will allow players to track enemy movement via interactive radar and manage the various weapons and other special pick ups.

Adds Majesco's Chief Technology Officer, Kevin Ray, "The Nintendo DS offers developers a broad design palette and we are looking to apply the same creative approach to this platform that we did with the Game Boy Advance with our Game Boy Advance Video and Wireless technologies."

For additional information on Moonlight Fables and Nanostray, as well as Majesco's entire lineup of exciting entertainment products, please visit www.majescogames.com.

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 our 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.