The Major Automotive Companies Files Appeal of Nasdaq SmallCap Delisting

LONG ISLAND CITY, N.Y.--Nov. 2, 20036, 2003--The Major Automotive Companies, Inc. (Nasdaq SC: MAJR - news) announced today that, pursuant to the procedures set forth in the Nasdaq Marketplace Rule 4800 series, it has filed a request for an oral hearing with the Nasdaq Listing Qualifications Hearing Department. This will stay the delisting of the Company's stock pending a delisting decision by a Nasdaq Listing Qualifications Panel (the "Panel"). This was in response to the Nasdaq Staff Determination that the Company is not in compliance with Nasdaq Marketplace Rule 4310(c)(4) relating to minimum bid price per share ($1.00) that is required for continued listing on the Nasdaq SmallCap Market.

Accordingly, the Company's Common Stock will continue to be traded on the Nasdaq SmallCap Market pending the Panel's decision.

The Major Automotive Companies, Inc. is a holding company for the Major Automotive Group, a leading consolidator of automotive dealerships in the New York Metropolitan area.

For additional information, visit the Company's website at http://www.majorworld.com/