In a small private area at the E3 video game convention in Los Angeles, Majesco Entertainment's CEO Jesse Sutton met with private investors yesterday.  Apparently someone liked what they heard.  In midday trading, Majesco is up over 20%.

Majesco showed off several of its DS and Wii products including the anticipated A Boy and His Blob on the Wii, due this holiday.  Majesco, once a mighty third party publisher, converted into a low budget video game publisher in 2006.  The stock has languished since then amid investor lawsuits and the economic slowdown but in recent weeks has more than doubled in price.

Investors seem to be hoping for more success outside of Cooking Mama and Jillian Michaels' Fitness, whose sequels will release this holiday.  Sims-like title Our House: Party! for the Wii was also shown along with Flip's Twisted World and Go Play City Sports also on the Wii.  But it is the Blob title (not to be confused with THQ's de Blob) that Majesco hopes will add to its modest library of success in the value category.  Majesco sports a 60 million dollar market cap and analysts forcast a healthy profit of .14 for the year.