Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of video games for the mass market, announced today an agreement with Scholastic Interactive, a division of Scholastic Media (SM) (www.scholastic.com), to distribute the Group's console and handheld titles in North and South America. Titles under the agreement include Goosebumps HorrorLand for Wii, PlayStation 2 computer entertainment system and Nintendo DS and Ultimate I SPY for Wii, scheduled for release in October, as well as catalog titles I SPY Fun House and Animal Genius for Nintendo DS.

"The Majesco team is excited to help Scholastic bring to market games based on two of their most well known and successful franchises, Goosebumps and I SPY, as well as expand the distribution of their catalog titles," said Gui Karyo, Executive Vice President of Operations, Majesco.

Alan Waldman, SVP of Scholastic Interactive, added "Majesco's success in mass market and family oriented video games coupled with their strong retail distribution relationships strongly support Scholastic Interactive's goal of broadening our consumer reach with the expansion of our gaming business."