According to Majesco, they have received a notice from Nasdaq that the Company for the last 30 consecutive trading days preceding the date of the letter, the bid price of the Company’s common stock had closed below the $1.00 per share minimum required for continued inclusion on the Nasdaq Capital Market.

They now have until Feb. 28, 2009 to get their stock price to $1.00 for ten consecutive days. At that time Nadaq can determine whether to give them up to another 180 days to comply or to delist them altogether.