Houston, Texas, Aug. 11, 2021 (GLOBE NEWSWIRE) — Majic Wheels, Corp. (OTC Pink: MJWL) (“Majic” or the “Firm”), a Delaware company, that’s positioning itself as a participant within the disruptive industries of fintech and software program growth by the use of acquisitions, proclaims shareholder replace and upcoming developments.
Since taking the helm this yr, new administration has carried out a technique to create shareholder worth by way of strategic acquisitions within the Fintech & Know-how sector. As a part of the trouble, administration proceeded with solidifying the steadiness sheet of the Firm and restoring the Good standing of its OTC Itemizing.
Within the final three months, administration has accomplished its goal to deliver the Firm to present standing on the OTC Markets. As nicely, the construction and reorganization of the Firm was accomplished to permit for a wholesome step ahead and to enter its first acquisition. The Firm closed the acquisition of CGCX, a longtime a crypto buying and selling platform, cryptocurrency mining operation and custody options supplier.
Transferring ahead, the Firm intends to finish additional acquisitions earlier than the top of the yr. The acquisition candidates shall be inside the similar business, and can complement the present providing of CGCX in addition to improve its world footprint to succeed in markets like the US of America, Canada and different a part of the world.
“Our plan is to proceed to create shareholder worth of traders of Majic by way of the acquisitions of synergistic candidates to enrich the present providing of CGCX. As nicely our intention is to make CGCX a worldwide participant within the Crypto Forex Trade Business. Past the Trade itself, we need to place CGCX as a supplier of Blockchain options. We’ve got acquired unbelievable suggestions to the iChain Decentralized Blockchain platform to date.” Mentioned David Chong, Chief Govt Officer of Majic Wheels Corp.
Our goal to up listing to the NASDAQ alternate stays on schedule with the engagement of auditors as our present subsequent step. We’re additionally enterprise a number of initiatives to extend the profile of Majic as a publicly traded firm amongst institutional traders and funding bankers. To that finish, the Firm has already been in dialogue with a famend Funding Financial institution to behave because the underwriter and advisor to the Firm. The Firm will even be taking part in focused occasions aimed toward institutional traders, funding bankers and accredited traders.
Lastly, the Firm shall be internet hosting a web-based presentation the place administration of Majic and CGCX shall be additional outlining the highway map of the Firm for the following yr and additional. As nicely, administration shall be offering an replace on CGCX revenues up to now.
About Majic Wheels Corp.
Majic Wheels Corp., a Delaware company, intends to place itself as a participant within the disruptive industries of Fintech and software program growth by the use of acquisitions and mergers. Majic Wheels Corp. is listed and traded on the Over-the-Counter Market below the buying and selling image “MJWL”.
For extra details about the Firm, go to:
Our OTC Markets Profile: https://www.otcmarkets.com/stock/mjwl/overview
Our web site is: https://majiccorp.co/
Our Twitter account is: https://twitter.com/MajicCorp
Our Discord: https://discord.gg/apolloassets
About CGCX Ltd.
Based in 2018, Calfin World Crypto Trade CGCX got down to provide a extremely subtle cryptocurrency alternate for a seamless & safe crypto buying and selling expertise. In contrast to most exchanges that supply solely cryptocurrency buying and selling, CGCX caters to the bigger blockchain neighborhood by offering 4 providers below a single platform.
CGCX Web site: https://www.cgcx.io
SAFE HARBOR STATEMENT
This press launch incorporates forward-looking statements that may be recognized by terminology similar to “believes,” “expects,” “potential,” “plans,” “suggests,” “could,” “ought to,” “might,” “intends,” or comparable expressions. Many forward-looking statements contain identified and unknown dangers, uncertainties and different elements that will trigger precise outcomes to be materially completely different from any future outcomes implied by such statements. These elements embrace, however should not restricted to, our potential to proceed to boost our merchandise and methods to deal with business adjustments, our potential to broaden our buyer base and retain current prospects, our potential to successfully compete in our market phase, the shortage of public data on our firm, our potential to boost ample capital to fund our enterprise, operations, our potential to proceed as a going concern, and a restricted public marketplace for our frequent inventory, amongst different dangers. Many elements are troublesome to foretell precisely and are usually past the corporate’s management. Ahead-looking statements converse solely as to the date they’re made, and we don’t undertake to replace forward-looking statements to mirror circumstances or occasions that happen after the date the forward-looking statements are made.
SOURCE: Majic Wheels Corp.
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