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The Majestic Companies, Ltd. Announces Addition to Exec Management

25 January 1999

The Majestic Companies, Ltd. (OTC:BB MJXC) Announces Major Addition to Executive Management Team

    SAN DIEGO--Jan. 25, 1999--The Majestic Companies, Ltd. (OTC:BB MJXC) is pleased to announce that on January 22, 1999 Mr. Danny Y. Lee was appointed President & Chief Operating Officer of the Company.
    To accommodate this change in management, Mr. Francis Zubrowski, Majestic's current President & CEO, has assumed the title of Chairman and CEO. Mr. Lee will assist Mr. Zubrowski in all areas of the Company, and will split his time between Majestic's corporate headquarters in San Diego, and a new satellite office being established in the San Francisco Bay area. Mr. Lee has agreed to a compensation plan based on a 100% stock and option participation program.
    Mr. Lee's career includes over fifteen years of experience in the investment brokerage business. He comes directly to Majestic from his post as First Vice President - Investments with Sutro & Company, a highly regarded Broker/Dealer & Investment Banking firm headquartered in San Francisco, California. Mr. Lee's financial services background and extensive contacts in the Investment Banking community stand to greatly benefit the Company's efforts in future equity/debt financings as well as broker and investor relations going forward.
    As well as his successful financial industry background, Mr. Lee is quite active in San Francisco's civic community. Over the years, many honors have been bestowed upon Mr. Lee, including Outstanding Lion, Chairman's Circle of Excellence & Eagle's loft awards. Mr. Lee served on the Board of Managers of the San Francisco Chinatown YMCA and the Board of Directors of the Chinatown Lions Club. He has also been the subject of special features, including a cover story & feature article entitled "Capitalizing on the Corporate Treasure Trove" in Research magazine.
    During a recent manager's meeting, Mr. Lee cited his primary reasons for joining the Company as the unique positioning of Majestic's modular classroom manufacturer in the current climate of a rapidly expanding California education system, as well as the tremendous potential of the Company's "Safe-T-Bar" school bus passenger restraint product.
    The Majestic Companies, Ltd. currently owns and manages three operating subsidiaries: Majestic Modular, Ltd., which is located in Modesto, California and manufactures modular classrooms, office buildings, medical facilities and telecommunication equipment shelters; Majestic Financial, Ltd., the leasing and financing arm of the Company, which leases modular buildings to California Unified School Systems, as well as to other users of modular structures; and Majestic Transportation Products, Ltd., a product development company that designs, engineers, and markets transportation related safety equipment, including a proprietary passenger safety restraint product for the school bus industry named the "Safe-T-Bar".

    Some of the statements in this press release may constitute "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by forward looking statement.

    Source: The Majestic Companies, Ltd.