Florida Passes Mandatory School Bus Occupant Restraint Law.
The Majestic Companies, Ltd. (OTC BB:MJXC) is pleased to announce that the push for school bus occupant restraint reform surged forward last week with the enactment of Florida legislation mandating occupant safety restraints on all Florida public school buses. HB 1837 was signed into law by Florida's Governor, Mr. Jeb Bush, and became official on July 1, 1999. The law affects all school bus purchases post December 2000. The popular consensus is that many of the Florida School Districts will look to start ordering buses outfitted with safety restraints well before the official compliance deadline. This bellwether event stands to greatly benefit the Company's patent pending school bus restraint product, the SAFE-T-BAR(TM), and confirms management's long held position that school bus occupant restraint reform is well underway. Florida's decisive action on this issue is a clear indication that individual states are actively progressing towards proactive solutions regarding school bus occupant restraint legislation. Currently, there are 25 additional states pushing for legislation requiring mandatory safety restraints on their portion of the Nations' 450,000-plus public school buses.
The SAFE-T-BAR lap-bar occupant restraint system has just completed a rigorous pilot program at the Oceanside (CA) Unified School District and received high marks from their Transportation Staff as well as the many bus drivers who drove the SAFE-T-BAR outfitted bus. Program routes accommodated over 700 student rides per day encompassing grades K thru 12. In the final report issued last week, John Farr, Oceanside's Transportation Director stated "The SAFE-T-BAR's advantage over 2-point lap restraints is that it is a passive system. Our driver's really like the system." Mr. Farr concluded his report with "the passivity of the SAFE-T-BAR will make it the hands down recommendation as the most practical device available." This sentiment has been shared by the overwhelming majority of transportation officials that have witnessed the SAFE-T-BAR restraint system to date.
On another front, Adrian Corbett - Majestic Transportation Ltd.'s President, was recently invited to visit with corporate officials at one of America's largest bus manufacturers, where he had the opportunity to present the merits of the SAFE-T-BAR. The invitation was prompted by inquiries from school districts regarding the availability of the SAFE-T-BAR on future bus orders. Samples of the SAFE-T-BAR are being forwarded to this group's engineering staff at this time, and upon successful testing by the manufacturer, Majestic expects that the SAFE-T-BAR could soon be offered as a factory option.
Currently, Majestic's management team is busily preparing for two key industry trade shows where the Company will have an opportunity to further demonstrate the benefits of the SAFE-T-BAR restraint system to industry officials. The first show, July 27th & 28th is the FLORIDA ASSOCIATION of PUPIL TRANSPORTATION (FAPT) being held at the Sawgrass Marriott, in Ponte Vedra Beach, FL. With recent legislation being passed in Florida, it is expected that officials will be looking diligently for the best occupant restraint solution to comply with the new law. The second show, one of the year's largest, is the WESTERN STATES PUPIL TRANSPORTATION Trade Show and Conference being held August 1st thru the 4th, in Reno, NV. As part of the exhibit, Majestic will be displaying a full sized 84-passenger bus outfitted with the SAFE-T-BAR, allowing industry officials to experience first hand this innovative product in the actual school bus environment. The Company is expecting a tremendous turnout for these two events and is gearing up production readiness in anticipation of near term orders.
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.