Edison, N.J. - Video game publisher Majesco (NASD: COOL) said on Thursday that it has received noticed from the Nasdaq that its shares are in danger of being delisted from the exchange, having fallen below the $1 minimum share price requirement for 30 consecutive days.

Majesco now has until Feb. 18, 2009 to regain compliance with the minimum bid price requirement, after which point its shares may be delisted.

The 20-year-old company now focuses on casual and family-oriented titles, such as its "Nancy Drew" and "Cooking Mama" franchises.

Majesco also received a delisting notice from the Nasdaq last year, but was able to regain compliance with the exchange's $35 million market value of listed securities requirement.

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