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Author Topic: Majesco Secures 'Game Boy Advance Video'
DiQuiRiesco
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Majesco Secures 'Game Boy Advance Video' Rights to DIC Entertainment's Hit Property 'Strawberry Shortcake'
EDISON, N.J., Apr 27, 2004 (BUSINESS WIRE) --

Top-Rated Content Continues To Utilize Company's Acclaimed Technology;
Entertainment Industry Buzzing About Majesco's Growing Phenomenon

Announcing its fourth licensing agreement within the last month in support of its Game Boy(R) Advance Video(TM) technology, Majesco Holdings Inc. (OTC:MJSH), a leading publisher and distributor of interactive entertainment products, today confirmed its agreement with DIC Entertainment, exclusive worldwide licensing agency for Strawberry Shortcake, to publish four episodes of the top-selling American Greetings brand as part of its new Game Boy Advance Video product line.

Under terms of the agreement, Majesco secures the U.S. and Canadian rights to apply its proprietary technology to the extremely successful Strawberry Shortcake brand created by American Greetings. The first product, Strawberry Shortcake Volume 1, will contain two 22-minute, edited episodes -- "Meet Strawberry Shortcake" and "Spring for Strawberry Shortcake" -- scheduled to ship in the spring.

"We are 'berry' delighted to partner with American Greetings and DIC Entertainment to bring such a highly respected and well-known property as Strawberry Shortcake to more than 20 million Game Boy(R) Advance and Game Boy(R) SP owners," said Jesse Sutton, Chief Executive Officer, Majesco. "The attention given to our Game Boy Advance Video technology by retail, Hollywood and leading entertainment companies is unprecedented in company history."

"We are excited to work with Majesco to introduce Strawberry Shortcake to the extensive Game Boy Advance audience," said Nancy Bassett, Senior Vice President, Worldwide Consumer Products, DIC Entertainment. "With this new technology now available, fans will enjoy a truly interactive experience as they follow Strawberry Shortcake and her pals on all their adventures."

"The popularity of Strawberry Shortcake resonates as deeply with little girls today as it did twenty-some years ago," says Mike Brown, Vice President, Licensing, American Greetings. "To combine her with leading edge technology demonstrates how on-target we were with updating the character for today's kids."

Majesco's new Game Boy Advance Video line-up is scheduled to debut this spring. To register to receive product updates and additional information about new releases, please visit www.gba-video.com.

Additional information about Majesco and their entire line up of exciting entertainment products can be found at www.majescogames.com.

About Majesco's Game Boy Advance Video Technology

Majesco's new video compression technology presently allows viewing of approximately 45 minutes of quality color video with the capability to view 90 minutes of color video under development. The technology fits in a standard Nintendo-manufactured, Game Boy Advance cartridge and incorporates standard 'DVD-style' player controls. The technology features color video across 100 percent of the screen.

About Majesco

Established in 1986 and headquartered in Edison, NJ, with offices in the United Kingdom, Majesco Holdings Inc. (OTC BB: 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.

About American Greetings Corporation

American Greetings Corporation (NYSE:AM) is one of the world's largest manufacturers of social expression products. Along with greeting cards, its product lines include gift wrap, party goods, reading glasses, candles, stationery, calendars, educational products, ornaments and electronic greetings. American Greetings is also the creator and owner of many celebrated character properties, including Strawberry Shortcake and Care Bears. Located in Cleveland, Ohio, American Greetings generates annual net sales of approximately $2 billion. For more information on the Corporation, visit http://corporate.americangreetings.com.

DIC Entertainment, a leading children's entertainment company, is a full-service studio dedicated to creating, developing, producing, distributing, marketing and merchandising family-based intellectual properties. DIC has distinguished itself by building one of the largest libraries of U.S. animation with more than 3,000 half-hours of renowned programming, including Stan Lee's Super 7(tm), Inspector Gadget(tm), Strawberry Shortcake(tm), Knights of the Zodiac(tm), Sabrina (tm), Madeline(tm), Liberty's Kids(tm), Where On Earth Is Carmen Sandiego?(tm), Sonic The Hedgehog(tm), Super Mario Bros(tm) and Super Duper Sumos(tm). In September 2003, DIC launched the DIC Kid's Network, a unique syndicated programming block designed to meet core FCC requirements and the only network for kids that reaches effectively 100% of U.S. households on over 400 stations, airing in every Designated Market Area across the country. As a pre-eminent supplier of kid's programming worldwide, DIC has developed strategic partnerships with key domestic and international broadcast partners throughout the U.S., Europe, Asia, Latin America, Africa and Australia. DIC is headquartered in Burbank, California with international offices in New York, Paris, London and Cologne.

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; changes in national, regional or local business conditions or economic environments; government fiscal and monetary policies; and legislative or regulatory changes that affect our business. 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.

SOURCE: Majesco Holdings Inc.

HighWater Group PR
Laura Heeb, 212-338-0077
Laura@highwatergroup.com


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The Bigfoot
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I don't generally post picks but this thing just keeps running.

check it if you like.

http://stockcharts.com/h-sc/ui?s=COOL&p=D&b=5&g=0&id=p91455150131

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No longer eligible for government service due to lack of tax issues.

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The Bigfoot
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Q1 numbers, upgraded guidance, Feb Sales in, Zacks upgrades COOL

3/8/11
Q1 results announced, Majesco raises FY 2011 guidance

quote:
For the first quarter ended January 31, 2011, Majesco's net revenues were $48.5 million versus $29.2 million in the same period a year ago. During this same period, the Company reported operating income of $8.0 million, compared to operating income of $2.5 million in the first quarter of 2010
quote:
The Company's basic and diluted net income per share for the quarter ended January 31, 2011 was $0.18, compared to basic and diluted net income per share of $0.10 in the same period last year.
quote:
The Company expects fiscal 2011 full year net revenue in a range of $100 to $110 million, up from the prior range of $85 to $90 million, and non-GAAP EPS of $0.20 to $0.25, up from $0.06 to $0.10
http://www.prnewswire.com/news-releases/majesco-entertainment-company-reports-fi rst-quarter-fiscal-2011-financial-results-117603948.html


3/11/11
NPD group reports that ZUMBA FITNESS was the 6th best selling game for the month of February.

http://www.gamespy.com/articles/115/1155066p1.html

3/11/11
ZACKS Investment Research upgrades Majesco from 'neutral' to 'outperform'

http://www.americanbankingnews.com/2011/03/11/majesco-entertainment-co-cool-upgr aded-by-zacks-investment-research-to-outperform/

19,309,042 shares were traded the week ended 3/11/11 in a 1.59-2.84 range with a 2.66 close.

39,557,000 shares outstanding

http://www.nasdaq.com/asp/SummaryQuote.asp?symbol=COOL&selected=COOL

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No longer eligible for government service due to lack of tax issues.

Posts: 5178 | From: Up North | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
buckstalker
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Moving up pre-earnings report

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It's all in the timing...

Posts: 4303 | From: DSA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
   

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