majesco-entertainment Archives

Majesco Entertainment Announces 1-for-6 Reverse Stock Split

By Publisher on July 29, 2016 Picture Gallery, Software

SOUTH PLAINFIELD, NJ — (Marketwired) — 07/29/16 — Majesco Entertainment Company (NASDAQ: COOL) ("Majesco", or the "Company"), an innovative provider of downloadable games for the mass market, today announced the Company has approved a 1-for-6 reverse split of its issued and outstanding common stock. The reverse stock split will be effective with The NASDAQ Capital Market ("NASDAQ") at the open of business on August 1, 2016. The par value and other terms of Compa

Majesco Entertainment Announces Above Market Registered Direct Offering

By Publisher on April 14, 2016 Picture Gallery, Software

SOUTH PLAINFIELD, NJ — (Marketwired) — 04/14/16 — Majesco Entertainment Company (NASDAQ: COOL) ("Majesco", or the "Company"), an innovative provider of downloadable games for the mass market, announced today that it accepted subscription agreements (the "Subscription Agreements") with certain accredited investors in a Registered Direct Offering (the "Offering"). The net proceeds of the Offering, before expenses, is approximately $1.5 million.Under the

Majesco Entertainment Announces Launch of New Title: Glue

By Publisher on March 22, 2016 Picture Gallery, Software

SOUTH PLAINFIELD, NJ — (Marketwired) — 03/22/16 — Majesco Entertainment Company (NASDAQ: COOL) (the "Company"), an innovative provider of downloadable games for the mass market, announced today the development launch of a new title, Glue, for the PC. Glue is a first-person puzzle-platform game with a cutting edge ragdoll physics engine. You will use your Glue gun to maneuver and manipulate objects to get from level to level. The Company expects to release the game in time for Summe

Majesco Entertainment Company Reports Fiscal 2016 First Quarter Financial Results

By Publisher on March 16, 2016 Picture Gallery, Software

SOUTH PLAINFIELD, NJ — (Marketwired) — 03/16/16 — Majesco Entertainment Company (NASDAQ: COOL)Successfully released two new award-winning games in January 2016New management has aligned themselves with shareholders as demonstrated through increased insider ownership. Insider ownership now stands at 40%, up from 6% in the comparable prior year periodCash and cash equivalents of $6.65 million as of January 31, 2016Total liabilities reduced 73.8% from the comparable prior year period; reduced f

Majesco Entertainment and Microsoft Announce Denial of Appeal Filed by Intelligent Verification Systems

By Publisher on January 25, 2016 Picture Gallery, Software

U.S. Federal Circuit Court of Appeals Affirms District Court–s Judgment Under Rule 36 in Favor of Majesco Entertainment Co. and Microsoft Corp.

Majesco Entertainment Announces New Editions and Extended Release of Two Award Winning Games

By Publisher on January 19, 2016 Picture Gallery, Software

SOUTH PLAINFIELD, NJ — (Marketwired) — 01/19/16 — Majesco Entertainment Company (NASDAQ: COOL) (the "Company"), a provider of downloadable games for the mass market, announced today the release of Gone Home: Console Edition for PlayStation 4 & Xbox One and A Boy and His Blob for PlayStation 4, PlayStation Vita, Xbox One, and PC.Gone Home, the winner of more than fifty "end of year" awards, including Polygon–s Game of the Year and IGN Entertainment–s PC Game of the Y

Majesco Entertainment Announces Special Dividend

By Publisher on January 6, 2016 Picture Gallery, Software

SOUTH PLAINFIELD, NJ — (Marketwired) — 01/06/16 — Majesco Entertainment Company (NASDAQ: COOL) (the "Company"), an innovative provider of downloadable games for the mass market, announced today that its Board of Directors has authorized a special dividend of approximately $0.33 per common share (including common share equivalents) in cash, payable on January 15, 2016 to shareholders of record as of January 14, 2016.Barry Honig, Co-Chairman and Chief Executive Officer, commented: &q

Majesco Entertainment Regains Full Compliance With NASDAQ Listing Requirements

By Publisher on December 28, 2015 Picture Gallery, Software

SOUTH PLAINFIELD, NJ — (Marketwired) — 12/28/15 — Majesco Entertainment Company (NASDAQ: COOL) (the "Company"), an innovative provider of downloadable games for the mass market, announced today that it was advised by The NASDAQ Stock Market on December 22, 2015 that the Company has regained compliance with NASDAQ–s listing requirements. The Company has satisfied the terms of the NASDAQ Listing Rule 5605(c)(2) by maintaining an Audit Committee consisting of three independent direct

Majesco Entertainment Names Barry Honig Chief Executive Officer and Closes on Funds Held in Escrow

By Publisher on October 2, 2015 Picture Gallery, Software

Appoints John Stetson as Executive Vice President and Chief Financial Officer; Appoints Barry Honig and Michael Brauser as Co-Chairmen of the Board of Directors; Edward Karr and Andrew Kaplan Named Directors

Majesco Issues Letter to Shareholders

By Publisher on August 7, 2015 Picture Gallery, Software

SOUTH PLAINFIELD, NJ — (Marketwired) — 08/07/15 — Majesco Entertainment (NASDAQ: COOL)Dear Majesco Shareholder:As you know, over the past few years Majesco Entertainment has had significant success with its "Zumba Fitness" and other titles. With the rapidly changing landscape of connected gaming, we have faced increasingly challenging market conditions while watching the high risk retail gaming business diminish in importance. Accordingly, I am writing to update you on the progress