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Majestic Capital Announces Commencement of Reporting Company Deregistration Process and Commencement of Trading of its Common S

^{Published on 2011-05-13 06:40:31 - Market Wire}
 

HAMILTON, Bermuda--([ BUSINESS WIRE ])--Majestic Capital, Ltd. (Majestic Capital) (Pink Sheets: MAJC) today announced that on May 9, 2011, it commenced the process of deregistration as a aReporting Companya under the rules of the Securities Exchange Act of 1934 (the aExchange Acta) by filing a Certification and Notice of Termination of Registration on SEC Form 15.

In accordance with applicable SEC rules, deregistration will become effective on August 8, 2011. However, due to the fact that Majestic Capital has less than 300 shareholders of record, its periodic reporting obligations under the Exchange Act were immediately suspended pursuant to those same rules, and such suspension shall remain in effect through the effective date of deregistration.

Trading in Majestica™s common stock has commenced on the OTC Pink Tier of the electronic marketplace maintained by OTC Markets Group, Inc.

About Majestic Capital, Ltd.

Majestic Capital, through its subsidiaries, is a specialty provider of workersa™ compensation insurance products and services. Further information about Majestic Capital and its business can be found on Majestic Capitala™s website at [ http://www.MajesticCapital.com ].