EDISON, N.J., November 29, 2004 – Majesco (OTC BB: MJSH), a provider of diversified offerings and content for digital entertainment platforms, today announced it has secured the rights to apply its proprietary Game Boy Ã‚Â® Advance Video technology to several Disney properties.
Under terms of the agreement with Disney's Buena Vista Home Entertainment, Majesco obtains the U.S. rights to publish four initial Game Boy Advance Video products based upon such well-known properties as Disney's Kim Possible, Disney's Lilo & Stitch, The Series, TheProud Family, Super Robot Monkey Team and Brandy & Mr. Whiskers . The first product, Disney Channel Collection Vol. 1, features exciting episodes of Disney's Lilo & Stitch, The Series and Kim Possible and is scheduled to ship in time for the holidays.
"Our partnership with Disney supports our ongoing plan to bring cool new content to the Game Boy Advance Video series," said Jesse Sutton, president of Majesco. "The 23 million North American Game Boy Advance owners can soon enjoy Disney's broad offering of family entertainment on the go."
"In keeping with the commitment to nurture future technologies, Buena Vista Home Entertainment is proud to partner with a prominent leader in the portable digital entertainment platform. We look forward to seeing the opportunities this distribution avenue presents," said Lori MacPherson, Vice President, Brand Marketing and Product Development.
Each Majesco Game Boy Advance Video title carries a suggested retail price of $19.99, and more information about the company's entire lineup can be found online at www.majescogames.com
Majesco Holdings Inc. (OTC BB: MJSH) , operating through its wholly owned subsidiary, Majesco Sales Inc., is a provider of diversified offerings 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 Ã‚Â® 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.
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.