Majesco Ships ‘Bloodrayne 2’ Video Game
Company: Majesco
EDISON, NJ, October 12, 2004 – Majesco (OTC BB: MJSH), a provider of diversified products and content for digital entertainment platforms, today announced it has shipped its action-horror sequel, BloodRayne 2.Supporting the product’s introduction is the BloodRayne 2/Headbangers Ball Launch Event on October 21, 2004 from the House of Blues in Los Angeles.

“Since its original introduction in October 2002, BloodRayne has established itself as a cross-over entertainment property that enjoys the support of a loyal fan base,” said Ken Gold, vice president of Marketing. “With enhanced game-play mechanics, graphics and engaging on-screen action, we anticipate that BloodRayne 2 will not only please current fans, but appeal toconsumers new to the game as well.”

Born from the unnatural union of vampire and human, BloodRayne is blessed with the powers of a vampire but cursed with the unquenchable thirst for blood and a weakness to sunlight. BloodRayne 2 challenges the supernatural anti-heroine with her most personal battle yet as she hunts down each of her wicked siblings who are carrying on the legacy of their dead father, Kagan.

Expanding upon the distinctive features that were the hallmark of its predecessor – fast-paced acrobatic combat and supernatural powers – BloodRayne 2 includes new in-game dynamics such as pole combat, rail sliding and advanced melee fighting with fatality moves. Built upon a modified version of the Infernal Engine, BloodRayne 2 introduces threatening new bosses, all new environments set within a huge modern day city, a range of new supernatural powers and new motion-captured movements complete with soft-body physics.

Majesco is supporting the launch of BloodRayne 2 with a marketing campaign that includes extensive cross-promotions with MTV2, targeted TV and print advertising and a consumer pre-sell initiative. More information about the game can be found online at www.bloodrayne2.com.

Developed by Terminal Reality, BloodRayne 2 is available for the PlayStation ®2 computer entertainment system and Xbox ® video game system from Microsoft for a suggested retail price of $49.99.

About Majesco
Majesco Holdings Inc. (OTC BB: MJSH) , operating through its wholly owned subsidiary, Majesco Sales Inc., is a provider of diversified applications and content for digital entertainment platforms. The Company’s 2004 lineup includes BloodRayne 2, the sequel to its popular action/horror series, and its Game Boy ® Advance Video product line which utilizes the Company’s proprietary video compression technology to enable consumers to view commercial-grade video on a standard Nintendo Game Boy Advance system. Advent Rising, the first in a trilogy of action/adventure games, is expected to ship to stores in 2005. More information about the Company can be found online at www.majescogames.com.

Safe Harbor
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by reference to a future period(s) or by the use of forward-looking terminology, such as "may," "will," "intend," "should," "expect," "anticipate," "estimate" or "continue" or the negatives thereof or other comparable terminology. The Company's actual results could differ materially from those anticipated in such forward-looking statements due to a variety of factors. These factors include but are not limited to, the demand for our products; competitive factors in the businesses in which we compete; continued consumer acceptance of the gaming platforms on which our products operate and our products; fulfillment of orders preliminarily made by customers; adverse changes in the securities markets and the availability of and costs associated with sources of liquidity. The Company does not undertake, and specifically disclaims any obligation, to release publicly the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

“PlayStation” and the “PS” Family logo are registered trademarks of Sony Computer Entertainment Inc.
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All other trademarks are the property of their respective owners.
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Title: BloodRayne 2 (Multi-Platform)
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