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To: Katie Kommando who wrote (54054)	7/11/2000 9:20:15 AM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

MJXC PP SAN DIEGO, July 11 /PRNewswire/ -- The Majestic Companies, Ltd. (OTC Bulletin Board: MJXC) a manufacturer of a revolutionary bar type safety restraint for the school bus industry and a state certified builder of re-locatable modular school classrooms is pleased to announce that it has closed on a private placement totaling $2.52 million. The financing has been structured as a $2 million dollar Equity Line of Credit and a $520,000 4% Convertible Debenture. The Equity Line of Credit was funded by an institutional investor and is backed by a 4% Convertible Debenture due in 2005. The $2.0 million line will become available upon the filing of an effective registration statement by the Company which registers the underlying shares. The private placement was coordinated through The May Davis Group, an investment banking firm with offices in New York and Baltimore. May Davis has been retained by the Company to provide ongoing investment banking services. Mr. Francis A. Zubrowski, Majestic's Chairman and CEO, stated, "I am extremely pleased with this recent event. This financing not only enables the Company to continue its strategy of penetrating the school bus safety market and the modular classroom construction boom, it also gives us the ability to explore additional situations that could serve to further add value for our shareholders." The Majestic Companies, Ltd. is a holding company that manufactures: re-locatable modular classrooms and commercial structures in Modesto, California through its' wholly owned subsidiary: Majestic Modular Buildings, Ltd., and; transportation related safety equipment, including the SAFE-T-BAR(TM), an innovative school bus occupant restraint system, through its' wholly owned subsidiary Majestic Transportation Products, Ltd. Additional information can be obtained by visiting the Company's websites at: www.themcl.com and www.safe-t-bar.com Note: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Majestic Transportation Products, Ltd. is a wholly owned subsidiary of The Majestic Companies, Ltd. SOURCE The Majestic Companies, Ltd. -0- 07/11/2000 /CONTACT: Investor Relations: Michael Manion, Continental Capital, 407-682-2001, for The Majestic Companies, Ltd./ /Web site: safe-t-bar.com /Web site: themcl.com (MJXC) CO: Majestic Companies, Ltd.; May Davis Group; Majestic Modular Buildings; Ltd.; Majestic Transportation Products, Ltd. ST: California IN: CST TRN SU: * end of story *