EDISON, N.J., February 8, 2010 - Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of video games for the mass market, today announced Greg Hastings Paintball 2 for the Xbox 360® video game and entertainment system from Microsoft, Wii™, and PlayStation®3 computer entertainment system. The latest release from the most successful name in the sport-Greg Hastings--Greg Hastings Paintball 2 introduces more than 10 single and multiplayer game modes each staged in all-new, paintball locations based on actual fields around the world. Featuring three new event branches - Tournament Speedball, Recball, and Tournament Woodsball -- the challenge will be incredibly intense as players test their skills on multiple fields where the weather conditions are constantly in flux.

"From day one the goal was to bring FPS fans around the world the most exciting and realistic paintball experience ever created in Greg Hastings Paintball 2," said Greg "Red" Hastings. "Every detail from the latest paintball weapons and gear to the hottest international fields was crafted to place gamers in the most insane paintball battles and match the intensity of a real combat experience."

"With more than five million people playing each year, paintball is easily one of the most popular extreme sports in North America,"said Gui Karyo, Executive Vice President of Operations for Majesco. "Greg Hastings has been able to inject his passion and expertise directly into the game, delivering the most authentic and riveting paintball experience to date."

In Greg Hastings Paintball 2, players take to the field in 12 global paintball locations, each containing three to six different fields. Seven single-player game modes challenge the most experienced "ballers" to hone their skills and then test them against up to 19 others in seven different multiplayer game types.

Whether playing alone or against others, Greg Hastings Paintball 2 ups the ante with game-changing weather conditions and field hazards including rain, wind and fog. While the difficulty level may have increased, so have the tools at the players' disposal as the game features an improved map editor along with the hottest new gear and weapons. When things are at their bleakest, players can even use the all-new cheat meter that lets them avoid elimination by successfully wiping away paint splatter before they're caught.

Serious "ballers" can even become general manager of their own 10-player team composed of more than 100 professional and amateur paintball players. Gamers can trade players, issue commands, and use their earnings from the field to build each player's individual stats, so the overall team is that much more competitive. The better the team assembled, the more tournaments a player stands to win, providing him with added cash to buy new gear, players and skill upgrades.

Developed by Super X Studios in collaboration with Greg Hastings himself, Greg Hastings Paintball 2 is expected to release this September. Details on downloadable content will be announced at a later date. To find out more, please register at the official site www.gregredhastings.com.

About Greg Hastings

During Greg Hastings' 23 year paintball career, he has competed all over the world and notched many wins with championship teams such as Ground Zero, Bob Long's Ironmen, XSV, and Smoke. He is a true master of speedball, woodsball, and every format in between. Greg's passion for video games started in the late 1970's while mastering coin operated shooting games such as Asteroids, Defender, and Centipede. This passion came to a pinnacle while being stationed on the nuclear powered fast attack submarine USS Gato, where he mastered "real" video games as a medal winning SONAR Supervisor during his six year tour in the US Navy. Greg earned two Southwest Asia Campaign Medals for his time spent in the combat zone during the first Gulf War, and also received a medal for being "The best SONAR operator ever inspected." Since then, Greg has dedicated himself to creating the best-selling paintball video game franchise that bears his name.

About Majesco Entertainment Company

Majesco Entertainment Company is a provider of video games for the mass market. Building on more than 20 years of operating history, the company is focused on developing and publishing a wide range of casual and family oriented video games on Wii™, Nintendo DS™ and other leading systems. Product highlights include Cooking Mama™, TETRIS® Party Deluxe, Alvin and the Chipmunks: The Squeakquel and Jillian Michaels' Fitness Ultimatum. The company's shares are traded on the Nasdaq Stock Market under the symbol: COOL. Majesco is headquartered in Edison, NJ and has an international office in Bristol, UK. More information about Majesco can be found online at www.majescoentertainment.com. @Majesco is on twitter or at www.twitter.com/majesco.

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; our ability to complete and release our products in a timely fashion; competitive factors in the businesses in which we compete; continued consumer acceptance of our products and the gaming platforms on which our products operate; 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.

Contact:

Marisa Gross / Mark Karges

Bender/Helper Impact

212-689-6360

marisa_gross@bhimpact.com / mark_karges@bhimpact.com