EDISON, N.J., June 16, 2008 /PRNewswire-FirstCall via COMTEX News Network/ — Majesco Entertainment Company Inc. (Nasdaq: COOL), an innovative provider of video games for the mass market, today reported financial results for the fiscal second quarter ended April 30, 2008.

Jesse Sutton, Chief Executive Officer of Majesco Entertainment, said, “We continue to execute on our mass market, family-friendly strategy and build on our presence in one of the industry’s fastest growing genres. Our second quarter results are in line with our expectations and reflect the impact of our release schedule and seasonality of our business. For the first six months of 2008, our combined DS and Wii business, which is at the core of our mass market strategy, is up roughly 50% versus last year. We remain on pace to achieve modest gross margin gains in 2008 and continue to believe that we can achieve cash break even or better at an operating level with full fiscal year net revenue between $53 and $58 million.

“We launched six new titles in the second quarter and 10 titles year to date. Two titles shipped for Nintendo’s Wii system, seven for Nintendo’s DS handheld, and one title for the PSP(R) (PlayStation(R)Portable), aimed to maintain our focus on the family-friendly market,” continued Sutton. “We are prudently expanding our portfolio of titles and our studio is on schedule in developing its first titles. With our targeted strategy, improved operating execution and commitment to cost controls we are well positioned to continue improving our financial performance.”
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Japan:

Nintendo Wii: – Harukanaru Jikuu no Kade 4 – Narnia Kuni Monogatari Dai-2-Shou: Caspian Ouji no Tsunobue – Super Mario Stadium: Family Baseball

Nintendo DS: – Dokusho Shitendo DS: …
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