Majesco Entertainment Announces Departure of Gui Karyo

EDISON, N.J., June 11 /PRNewswire-FirstCall/ -- Majesco Entertainment (Nasdaq: COOL), an innovative publisher of video games for the mass market, today announced that Gui Karyo, Executive Vice President of Operations, will be leaving the Company at the end of June to explore new opportunities.

"Gui has made a tremendous contribution to Majesco during his three year tenure," said Jesse Sutton, Chief Executive Officer, Majesco Entertainment.  "He's helped guide our overarching strategy and instituted important processes to streamline our operation and improve our execution. We sincerely value his efforts and wish him the best in his new endeavors."

"Working at Majesco, with this team of talented and passionate game professionals, has been a wonderful opportunity," said Gui Karyo. "I am enormously proud of our accomplishments building a unique mass market game company, and I look forward to following the company's success to come as a friend and a fan."

The Company is actively searching for Karyo's replacement and expects to announce a successor at a later date.

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.

SOURCE Majesco Entertainment Company

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