Majesco Entertainment announced it received a second notification from the Nasdaq staff stating the company has not met the $35 million market value of listed securities requirement for continued listing, as set forth in Marketplace Rule. As such, its common stock is subject to delisting from the Nasdaq Capital Market unless the company requests a hearing before a Nasdaq Listing Qualifications Panel (the "Panel"). The company intends to request a hearing; however, but makes no guarantees that it will be successful in its efforts.