MAJESCO ENTERTAINMENT AND TIGER HILL ENTERTAINMENT ANNOUNCE NEW ACTION/HORROR FRANCHISE: DEMONIK(tm)

ACCLAIMED FILMMAKER AND WRITER CLIVE BARKER TO WRITE AND DIRECT NEXT-GENERATION VIDEO GAME AND FILM

Next-Generation Game Being Created by Award-Winning Developer Terminal Reality

EDISON, N.J., May 9, 2005 - Majesco Entertainment Company (NASDAQ: COOL), a provider of diversified products and content for digital entertainment platforms, and Tiger Hill Entertainment, an entertainment production company co-founded by acclaimed film director John Woo (Face/Off, MI:2) that produces both video games and feature films, today announced, Demonik - a next generation, third person action game franchise with acclaimed writer/director Clive Barker. The agreement furthers Majesco's expansion into developing new intellectual properties and underscores the Company's commitment to partner with Hollywood's top creative talent.

"Demonik represents the extraordinary collaboration of some of the finest creative talent working in Hollywood and video games today," said Ken Gold, vice president of Marketing for Majesco. "We're confident that this culmination of artists, storytellers, and developers will define the action/horror genre for the next-generation consoles."

Demonik is set to launch in 2006 on next generation consoles and is being developed simultaneously as a feature film by acclaimed filmmaker and writer Clive Barker. Barker is set to oversee the story, character designs, cinematics and voice talent for the game. Barker also has the option to write and direct the film.

Cliver Barker adds "Demonik will be an intense gaming experience. I'm having a lot of fun enriching the game's mythology and polishing the characters till they shine. And, of course, adding a little bit of Barker darkness. Demonik promises to be a game that you will play with clammy palms."

"Clive is known for creating great and horrific villains. In the game, you get to play the villain, and in the movie, you will be terrified by him," states Brad Foxhoven, president and co-founder of Tiger Hill Entertainment. Foxhoven further notes that there have also been discussions about a graphic novel and limited-edition statue to coincide with the game launch. No date has yet been set for the film.

Demonik is the latest game from award-winning developer Terminal Reality, creators of Majesco's hit BloodRayne series. Demonik is a detailed third-person action game that allows players to control the ultimate bad guy -- wreaking havoc with a variety of innovative and spectacular powers and abilities.