Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The OTCBB Garbage Dump -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (1502)	8/31/1999 11:25:00 AM
From: vagabond	Respond to of 2942

I'm assuming this is not the "big" MJXC news that's being awaited, but still encouraging... ==================== (BSNS WIRE) -- Department of Defense Transportation Officials Target Safe-T-Bar for Military Bus Use Business Editors SAN DIEGO--(BUSINESS WIRE)--Aug. 31, 1999--The Majestic Companies, Ltd. (OTCBB:MJXC) is pleased to announce that a Department of Defense group, the DoDEA (Department of Defense Education Activity), headquartered in Arlington, Va. has shown a keen interest in outfitting DoD operated buses with the SAFE-T-BAR bus passenger restraint system. Fifteen members of the DoDAE's team, including representatives from The Pacific Rim and European operations were on hand during the recent Western States School Bus Conference in Reno, NV and received an extensive presentation of the SAFE-T-BAR aboard a Company sponsored 84-passenger BlueBird bus. The group, acting on a specific agenda item to research and recommend a bus passenger restraint system, were impressed with the passive nature and straight-forward design of the SAFE-T-BAR. The program specialist for the group spent considerable time discussing the SAFE-T-BAR with Company representatives and requested that all available information regarding the safety restraint be provided to their Arlington headquarters. The Pacific (Asia) group has an immediate interest in the SAFE-T-BAR as much of their surface transportation network consists of narrow, winding mountainous terrain. A potential order of SAFE-T-BAR's for 200 buses exists with this group as indicated by a prior P.O. taken out with a contractor unable to fill an order for lap-bar styled restraints. In a related event, Majestic Transportation recently received a RFQ (request for quotation) from a Pacific Unit of the DoDEA at the Misawa Air Base to equip seventeen buses for transporting school children. Majestic Transportation's President, Adrian Corbett was extremely enthusiastic about the recent events and stated "This is great news, in addition to the tremendous school bus market that exists, the use of SAFE-T-BAR's on military buses opens up a whole new market for the product." The SAFE-T-BAR is a heavily padded lap-bar occupant restraint system designed for school buses which is similar to the type of restraint commonly found on amusement park rides. The system mounts easily onto all major OEM manufacturer's bus seat designs and is passive in design, meaning that the occupant does not have to actively engage the system for the restraint to be in use. The SAFE-T-BAR's patent pending design employs a weighted pendulum device (similar to the design of standard seat belt retractors) that activates a locking mechanism during the event of an accident, heavy braking, sudden changes in direction, or bus rollovers. Additional information on the product can be obtained by visiting the Company's two internet web sites: www.themcl.com & 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. CONTACT: Stockbroker Relations Inc. Marc Jablon, 800/546-7950