MAJESCO ENTERTAINMENT CONFIRMS SPRING RELEASE FOR NEW "GUILTY GEAR" HANDHELD TITLES

Popular Fighting Series to Debut on both the PSP(tm) System and Nintendo

DS(tm)

EDISON, N.J., January 26, 2006 - Handheld gamers have two new reasons to

fight as Majesco Entertainment Company (NASDAQ: COOL) today announced

handheld installments of the popular Guilty Gear fighting series.

Guilty Gear Dust Strikers for the Nintendo DS(tm) and Guilty Gear

Judgment for the PSP(tm) (PlayStation(r)Portable) system are due in

early spring. Both games are being developed by ARC System Works.

"Widely praised as one of the leading 2D brawler franchises, the Guilty

Gear series has a long history of offering gamers deep, character-driven

game play," said Ken Gold, vice president of Marketing for Majesco.

"These exciting new installments will provide hours of entertainment

while offering two unique new game play experiences that fans can enjoy

on the go."

Guilty Gear Dust Strikers for Nintendo DS features 21 historic Guilty

Gear characters whose intertwining stories reveal all-new insights into

each character's personality and past. Players battle on multiple levels

across both DS screens, against the computer or up to four players via

wireless networking. The game also features six modes of play including

Arcade, Story and VS Battle plus seven unique touch screen mini games

and a Robo Ky Factory where you can customize your fighting moves.

Guilty Gear Judgment for the PSP(tm) system offers gamers incredible

value by combining two games on one UMD. The game includes the

fast-paced arcade fighting of Guilty Gear X2 #Reload plus a

brand new side scrolling experience in Guilty Gear Judgment. Guilty Gear

Judgment features 20 Guilty Gear character favorites, including Sol

Badguy, Potemkin, May, and Dizzy; 18 levels of 2D side-scrolling action;

and special moves like Psych Burst, Dust Attack and Roman Cancel. In

addition, both games within Guilty Gear Judgment offer wireless

multi-player connectivity for up to two players.