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MAJESTIC DEVELOPMENT & MANAGEMENT CORPORATION NAMES NEW PRESIDENT

 MINNEAPOLIS, June 10 /PRNewswire/ -- Majestic Development & Management Corporation announced today that it has named Steven A. Kline president of the company. Jack Deming, previous president of Majestic Development & Management Corporation will remain CEO and Chairman of Majestic's board of directors.
 Kline brings more than 25 years of business administration and marketing experience to Majestic. He previously served as sales manager and director of marketing for Heartland Energy in Rochester, Minn. During his tenure with Heartland, Kline was also involved in various real estate development projects.
 Before joining Heartland Energy, Kline owned and managed Jay Kline Chevrolet in Minneapolis where his dealership won an unprecedented 13 national sales contests established by General Motors. He also served as vice president of National Discount Credit Corporation.
 "Steve Kline brings an excellent blend of knowledge and experience to Majestic," said Jack Deming, chairman and CEO of Majestic Development &
Management Corporation. "He has proven his ability to successfully manage a multifaceted operation such as ours, and he is a welcome addition to the Majestic team."
 Kline attended the University of Minnesota where he majored in business administration, American history and art. In 1971, he graduated from the General Motors School of Merchandising and Management. Kline served for five years with the U.S. Air Force and served active duty with the Minnesota Air National Guard.
 Established in June 1992, Majestic Development & Management Corporation was formed to develop and manage gaming facilities in states that allow limited commercial gaming such as Colorado, South Dakota and Mississippi. The company also intends to work with American Indian tribes in developing and managing gaming facilities and other economic development projects. The company's common stock is traded on the Minneapolis/St. Paul local over-the-counter market.
 -0- 06/10/93
 /CONTACT: David Neuger, 612-333-6621 or (Home) 612-699-6730, or Ed Neuger, (Home) 612-929-0945 or 612-333-6621; both of Edwin Neuger & Associates, for Majestic Development and Management Corporation/


CO: Majestic Development and Management Corporation ST: Minnesota IN: CNO SU: PER

DB -- MN023 -- 0768 06/10/93 15:56 EST
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Publication:PR Newswire
Date:Jun 10, 1993
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