EDISON, NJ, June 30, 2004 – Maintaining the strong momentum generated by the impressive sales success of its initial Game Boy ® Advance Video products, Majesco Holdings Inc. (OTC BB: MJSH), a leading publisher and distributor of interactive entertainment products, today announced it is shipping The Adventures of Jimmy Neutron, Boy Genius. “The strategically tiered introduction of our Game Boy Advance Video lineup continues with our latest introduction,” said Jesse Sutton, Chief Executive Officer, Majesco. “We will continue our planned roll-out of family-friendly titles, while simultaneously looking to grow the category by publishing more mature content in the future.” The Adventures of Jimmy Neutron, Boy Genius containsfour exciting episodes starring everyone’s favorite genius, including “Brobot,” “The Big Pinch,” “Granny Baby” and “Time is Money.” As part of Majesco’s expanded Game Boy Advance Video roll-out, Jimmy Neutron joins other popular Nickelodeon properties such as SpongeBob SquarePants, The Fairly OddParents and All Grown Up! and Dora the Explorer. 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 About Nickelodeon Nickelodeon, which is celebrating its landmark 25 th anniversary this year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon’s U.S. television network is seen in more than 86 million households and has been the number-one-rated basic cable network for more than eight consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom International Inc. About Majesco Established in 1986 and headquartered in Edison, NJ, with offices in the United Kingdom, Majesco Holdings Inc., operating through its wholly owned subsidiary, Majesco Sales Inc., is a leading developer, publisher and distributor of interactive entertainment products for the Xbox ® video game system from Microsoft, Sony PlayStation ®2 computer entertainment system, and Nintendo GameCube ™ and Game Boy ® Advance systems, as well as the personal computer. The Company’s 2004 lineup includes Advent Rising, the first in a trilogy of action/adventure games; BloodRayne 2, the sequel to its popular action/horror series, as well as the launch of 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. More information about our 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. (C) 2004 Viacom International, Inc. All Rights Reserved. Nickelodeon, The Adventures of Jimmy Neutron, Boy Genius and all related titles, logos and characters are trademarks of Viacom, International Inc.