MAJESCO AND MARVEL TO OFFER CONSUMERS THE RIDE OF A LIFETIME WITH ‘GHOST RIDER’ VIDEO GAME

EDISON, N.J., July 14, 2005 – Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of digital entertainment products and content, announced today that they are in active development on a video game based on Marvel’s ever-popular cult Super Hero Ghost Rider. The game rises out of the licensing deal finalized earlier this year between Majesco and Marvel Enterprises, Inc. (NYSE: MVL) through which Majesco acquired the worldwide rights to publish video games based on the popular Marvel super hero for the PlayStation®2 computer entertainment system, PSP™ (PlayStation®Portable) and the Xbox® video game system from Microsoft. Currently under development by Climax Group, Ghost Rider is scheduled to ship in summer 2006 in conjunction with Sony Pictures/Marvel Studios’ cinematic release starring Nicolas Cage as the Ghost Rider.

“Given its unique mix of motorcycle combat, supernatural themes and popular Marvel characters, Ghost Rider is the perfect property to translate into a video game,” said Jesse Sutton, president of Majesco. “The simultaneous release of our game and the feature film event will ensure that Ghost Rider is next summer’s biggest Super Hero.”

Adds Ames Kirshen, Marvel’s Vice President of Interactive: “Ghost Rider is one of our flagship properties and we are excited to work with Majesco and Climax to deliver an authentic and truly unique Marvel game experience to gamers next year.”

Ghost Rider sets the big screen on fire! Motorcycle stunt rider Johnny Blaze was born to ride! Desperate to save the life of his father, Johnny strikes a deal with the vile Mephistopheles for the most precious of commodities, his immortal soul. Mephistopheles keeps his promise, but in return, Johnny is forever destined to ride through the night, avenging evil as the Ghost Rider, never to be re-united with the love of his life.

Reflecting the stylized action of the Marvel comic series and Sony Pictures’ upcoming film, Ghost Rider offers a unique game play combination that includes deep combo-based combat and fast-paced motorcycle action on the supernatural Hell Cycle. Penned by famed comic writers Garth Ennis and Jimmy Palmiotti, the game’s high-octane storyline unleashes Ghost Rider on familiar villains from the comic universe.

First released into the spotlight in 1972, Marvel’s Ghost Rider comic series has sold more than 45 million copies to date. A new limited series comic written by Garth Ennis and illustrated by Clayton Crain is due out in September 2005.

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Ghost Rider and All Related Comic Book Characters: TM & © 2005 Marvel Characters, Inc. All rights reserved.  Ghost Rider, Motion Picture Copyright 2005 Columbia Pictures Industries, Inc. All Rights Reserved.  Super Hero(es) is a co-owned registered trademark.  Xbox is a registered trademark of Microsoft Corporation in the United States and/or other countries.

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