``Guilty Gear X2 #Reload'' Comes to Xbox as Majesco Adds Popular Franchise to 2004 Lineup; Classic Fighting Game Features Xbox Live Support.

Business Editors

EDISON, N.J.--(BUSINESS WIRE)--April 29, 2004

The popular fighting franchise, Guilty Gear X2 #Reload, makes it's debut on the Xbox(TM) video game system from Microsoft this summer, courtesy of Majesco (OTC: MJSH), a leading publisher of interactive entertainment products. Developed by ARC System Works, Guilty Gear X2 #Reload features Xbox(TM) Live support, offering players head-to-head competition, real-time global rankings, and community support of voice and friends.

"Our ability to identify select properties with an established audience and publish them at an attractive price-point is an advantage we hope to exploit, and Guilty Gear X2 #Reload certainly meets those criteria," said Ken Gold, vice president of Marketing for Majesco Sales Inc. "With hardcore 2D fighting enhanced by compelling multiplayer support via Xbox Live, we are excited to add Guilty Gear X2 #Reload to our product portfolio."

In Guilty Gear X2 #Reload, a newly discovered form of energy has been used to create devastating bio-weapons from fused human and animal DNA. Known as the Gears, they are now intelligent, self-aware creatures set loose upon the populace and threaten human control of the planet.

Feature highlights for Guilty Gear X2: #Reload include:

-- Nine exciting game modes, including:

-- Arcade Mode: where players battle the CPU in elimination

battles;

-- Medal of Millionaire Mode: a brutal one-fall, medal

competition;

-- Versus Mode: two-player battles to settle scores including Xbox

Live matches;

-- Survival Mode: 1,000 levels of endurance;

-- Story Mode: featuring multiple endings, players can learn the

truth behind the Gears;

-- Mission Mode: take on opponents via certain rules and specific

conditions;

-- Training Mode: customizable training mode allows players to

fine-tune their skills;

-- 20 characters plus hidden characters and EX characters;

-- Signature Instant Kill moves for each character;

-- Thousands of moves and combos including Psych Bursts, Overdrive

Attacks and Instant Kill Techniques;

-- Progressive Scan Video Support;

-- Intense metal and rock soundtrack.

Guilty Gear X2 #Reload is scheduled to ship this summer for a suggested retail price of $19.95. More information about Majesco and their entire line up of exciting entertainment products can be found at www.majescogames.com.

About Majesco

Established in 1986 and headquartered in Edison, NJ, with offices in the United Kingdom, Majesco Holdings Inc. (OTC: MJSH), operating through its wholly owned subsidiary, Majesco Sales Inc., is a leading international developer, publisher and distributor of interactive entertainment products for the Xbox(R) video game system from Microsoft, Sony PlayStation(R)2 computer entertainment system, and Nintendo GameCube(TM) and Game Boy(R) Advance systems, as well as the personal computer. The Company's 2004 lineup includes the critically acclaimed 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(R) 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. Majesco can be found online at www.majescogames.com.

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