FOR FURTHER INFORMATION: AT THE COMPANY: Clayton Chase Investor Relations 619-209-6077 fax: 619-209-6078 AT OTC FINANCIAL NETWORK: Geoff Eiten Investor Inquiries 781-444-6100 ext. 613 geiten@otcfn.com AT TRANSMEDIA GROUP: Mark Hopkinson 561-750-9800 ext.15 mhopkinson@transmediagroup.com FOR IMMEDIATE RELEASE: THE MAJESTIC COMPANIES RETAINS TRANSMEDIA GROUP TO PUBLICIZE INNOVATIVE SAFE-T-BAR™ FOR SCHOOL BUSES -Patented safety restraint aims at protecting millions of children riding school buses- SAN DIEGO, CA, January 17, 2001: The Majestic Companies, Ltd. (OTC BB: MJXC), a holding company operating two wholly-owned subsidiaries that specialize in the design and manufacture of transportation safety equipment and relocatable modular buildings, today announced that it has retained The TransMedia Group to manage the corporate public relations program for its safety products, including the SAFE-T-BAR™, a patented safety restraint for school buses that has been road tested at Oceanside Unified School District in Southern California. "School bus safety is a national issue, and the solutions developed by The Majestic Companies deserve national media attention," said Transmedia chairman, Thomas J. Madden. "We believe the SAFE-T-BAR is an innovative, practical and efficient way to protect the millions of students who are at risk because so many school buses are not equipped with seat belts. We look forward to communicating Majestic's progress to the public as the company continues to create a niche in the transportation occupant-restraint industry." Francis A. Zubrowski, chairman and CEO of The Majestic Companies, said, "We're focused on finding solutions to growing concerns regarding the transportation safety of school-aged children. With regulatory involvement increasing from the state level, New Jersey, New York, Florida, Louisiana and California have passed restraint laws that are either effective, or on the verge of being effective, requiring seating restraints in school buses. As TransMedia relays our key developments to the public and media, we are in a prime position to penetrate the market with the SAFE-T-BAR." The SAFE-T-BAR employs a passive locking system. Children simply lift, sit and lower the device. The padded bar is designed to lock in place in the event of a sudden stop, collision or rollover. The SAFE-T-BAR™ has been tested to comply with requisite Federal Motor Vehicle Safety Standards (FMVSS), and is scheduled to undergo a full-scale crash test to further substantiate the product's capability of improving school bus safety. About The Majestic Companies The Majestic Companies, Ltd. is a holding company that, through its wholly-owned subsidiary Majestic Modular Buildings, Ltd, manufactures portable modular classrooms and commercial structures in Modesto, California. The Company also manufactures transportation-related safety equipment, including the SAFE-T-BAR™, an innovative school bus occupant restraint system, through its wholly-owned subsidiary Majestic Transportation Products, Ltd. Additional information can be obtained on the Company's websites at www.themcl.com and www.safe-t-bar.com. About TransMedia Group Ranked one of the fastest growing PR firms by O'Dwyers in the United States, The TransMedia Group has received national and international recognition for media campaigns it has conducted in the U.S. and abroad for such clients as AT&T, Rexall Sundown, Boehringer Ingelheim, Biospherics Inc. (NASDAQ:BINC), Viragen Inc. (AMEX:VRA) and the City of New York. 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 Modular Buildings, Ltd. and Majestic Transportation Products, Ltd. are wholly-owned subsidiaries of The Majestic Companies, Ltd.