Anime excitement shines on Game Boy(R) Advance as Majesco (OTC BB: MJSH), a leading publisher and distributor of interactive entertainment products, today announced it has shipped Dragon Ball GT(R) Vol. 1, the Company's first Dragon Ball GT(R) title in its Game Boy Advance Video lineup.

One of the most popular properties to date, the Dragon Ball(R) franchise has created a new standard for animated action series having achieved sales of more than $3 billion in related merchandising worldwide and more than 20 million home videos. Web sites for the Dragon Ball franchise receive more than eight million hits per day, and the term "Dragon Ball" was a Top 10 search term on the Lycos 50 Daily Report for a total of 200 consecutive weeks. For additional information on Dragon Ball GT(R) visit http://www.dragonballgt.com .

"With more than $3 billion in merchandise sales worldwide, the Dragon Ball franchise has clearly had a tremendous impact on its audience," said Jesse Sutton, President, Majesco. "With Dragon Ball GT(R) Vol. 1 now available for Game Boy Advance Video, fans can watch two of their favorite episodes anywhere they go."

Majesco's Dragon Ball GT Vol. 1 features the following two episodes:

A Grand Problem

Goku and Trunks are on the verge of defeat, finding themselves in the sinister grip of a mad scientist who wishes to use their Saiyan bodies in his twisted experiments.

Pan's Gambit

Goku and Trunks are captives of General Rilldo and it's up to Pan to save them. Disguised as a robot, Pan's cover is blown and she must battle Nat, a member of the Mega Cannon Sigma Force.

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 http://www.majescogames.com .

About FUNimation
FUNimation Productions, Ltd. is a full-service brand management company and one of the nation's leading independent home video entertainment companies. FUNimation accomplishes all this with in-house production, licensing, Internet, marketing, and home video sales and distribution divisions. The company manages brands such as the international phenomenon Dragon Ball Z(R); Dragon Ball(R), the precursor to Dragon Ball Z; Dragon Ball GT(R), the long awaited sequel to Dragon Ball Z(R) currently airing on Cartoon Network; Yu Yu Hakusho(R), the hit series seen by millions on Cartoon Network; Case Closed(TM), known in Japan as Detective Conan, currently airing on Cartoon Network; the recently announced mega-hit Fullmetal Alchemist(TM), which will debut on Cartoon Network on November 6, 2004; and many other fan favorites. For additional information on FUNimation and its properties visit http://www.funimation.com .

About Majesco
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(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 BloodRayne 2, the sequel to its popular action/horror series, and 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. Advent Rising, the first in a trilogy of action/adventure games, will ship to stores in 2005. More information about our Company can be found online at http://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.

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February 14, 2005