MAJESCO AND STARBREEZE ANNOUNCE DEVELOPMENT DEAL

Creators of 'The Chronicles of Riddick(tm): Escape From Butcher's Bay' to Develop New Majesco Game for Next Generation of Console Systems

EDISON, N.J., November 2, 2004 - Majesco (OTC BB: MJSH), a provider of diversified offerings and content for digital entertainment platforms, today announced it has tabbed Swedish developer, Starbreeze, to develop content for the next generation of console systems expected to ship in 2006. Starbreeze is highly regarded and has received numerous accolades from leading industry media outlets for producing the award-winning video game, The Chronicles of Riddick: Escape From Butcher's Bay, exclusively for the Xbox(r) video game system from Microsoft.

"Having access to top-tier development talent and technology is paramount for long-term success," said Jesse Sutton, president of Majesco. "Our partnership with Starbreeze underscores our commitment in securing talented and creative studios to develop our products as well as assist us in providing content for current and future platforms."

Adds Johan Kristiansson, chief executive officer for Starbreeze, "Majesco has a fine reputation in the development community for partnering with its developers to assemble a single, cohesive team dedicated to producing quality products. We are excited to be working with them on creating content for the next generation of video game systems."