The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Majestic Files Form 10-SB Registration to Become Fully Reporting

17 November 1999

Majestic Files Form 10-SB Registration to Become Fully Reporting

    SAN DIEGO--Nov. 17, 1999--The Majestic Companies Ltd. (OTCBB:MJXC) is pleased to announce that on Friday, Nov. 12, 1999, it took the final step towards becoming a fully reporting issuer by filing the company's Form 10-SB Registration Statement with the Securities and Exchange Commission.
    Francis Zubrowski, Majestic's chairman and chief executive officer stated: "The filing of the Form 10-SB represents a significant step forward in the evolution of The Majestic Companies Ltd. as it provides for broad disclosure of the company's operations and financial information to the NASD member firms that make a market in the company's stock, as well as the growing pool of individual investors that perform their own due diligence and investment research."
    The Majestic Companies Ltd. is a holding company based in San Diego that manages a group of wholly owned manufacturing and financial subsidiaries that include: Majestic Modular Buildings Ltd. a manufacturing unit that designs, builds and markets both re-locatable modular classroom buildings for California Unified School systems and modular structures for commercial end users; Majestic Transportation Products Ltd., a group that engineers and markets school transportation related safety products including the SAFE-T-BAR(TM) school bus occupant restraint; and Majestic Financial Ltd., a lease and finance company that owns and operates a fleet of leased modular classrooms.
    Additional information can be obtained by visiting the company's Web sites at: www.themcl.com and www.safe-t-bar.com.

    Note: Certain statements in this Press Release are "forward looking statements" within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, changes in general economic conditions, risk in product technology developments, market acceptance of new product and continuing product demand, level of competition and other factors described in the company's Reports, prospectuses and other filings with the Securities and Exchange Commission.