Topic: Majesco Appoints Chairman and CEO

[LassePalle]

And his name is Carl Yankowski.

MAJESCO NAMES CARL YANKOWSKI CHAIRMAN AND CHIEF EXECUTIVE OFFICER  

Former Palm, Inc. CEO, and Sony Electronics President to Head Global Operations for Fast-Growing Video Game Publisher

EDISON, NJ, August 27, 2004 - Majesco, a leading publisher and distributor of interactive entertainment products, today announced it has appointed Carl Yankowski as Chief Executive Officer and Chairman of the Board of Directors.  A highly successful senior executive with more than 30 years experience in brand management, technology and consumer products, Mr. Yankowski will work alongside Jesse Sutton, who will remain as President.

Mr. Yankowski will team with Majesco's senior management group, including Morris Sutton, who will remain on the board as Chairman Emeritus; Jan E. Chason, Chief Financial Officer; Executive Vice President of Research and Development, Joseph Sutton; and Chief Technology Officer, Kevin Ray.

"We are thrilled to have someone of Carl's experience, vision and leadership join our management team," said Jesse Sutton, President of Majesco.  "Majesco is entering an exciting growth period and we are confident that under Carl's additional guidance, the Company will reach its full potential."

Adds Mr. Yankowski, "Majesco is a fundamentally solid company with creative people, innovative thinking, a strong product mix, great distribution, a sound balance sheet, and an exciting outlook.  I am looking forward to growing shareholder value and helping the Company maximize the potential of its current intellectual properties and technology, and help develop new markets as well."

Backed by a record of creating and implementing global brand strategies, as well as building market share, Mr. Yankowski will leverage his extensive experience gained during his tenures at 3Com/Palm, Inc, Sony Electronics, Inc, General Electric, Pepsi-Cola and Procter & Gamble among others, to assist Majesco in:

*       Developing and marketing a well-balanced mix of video game titles for all commercially viable platforms, genres and price points;

*       Leveraging its proprietary compression technology and first-mover advantage to evolve and expand the Company's Game Boy Advance(r) Video product line;

*       Pursuing innovative technology and accessory opportunities;  *       Expanding its international presence by moving to a direct publishing model in Europe;  *       Implementing and securing growth initiatives via strategic acquisitions and partnerships.  

Mr. Yankowski holds MIT degrees in Electrical Engineering and Management, with concentrations in Materials Research and Systems Modeling.  He serves on the Boards of Boston College and MIT Sloan business schools, and several smaller technology and consumer product-oriented companies.  He has multiple Fortune 1000 board, audit, and compensation committee experience.