Majic Wheels Corp. to Enter Blockchain & Crypto Industry Through 150M Acquisition
Houston, Texas (Newsfile Corp. - May 21, 2021) - Majic Wheels Corp. (OTC Pink: MJWL) ( Majic or the Company ), a Delaware corporation, is pleased to announce today that it has executed a binding letter of intent to acquire a USD 150M revenue producing cryptocurrency exchange and custody services platform: CGCX Ltd.
CGCX Ltd.
https://orders.newsfilecorp.com/files/7985/84855 57d730c634ec9a02 001full.jpg
Founded in 2018, Calfin Global Crypto Exchange ( CGCX ) set out to offer highly sophisticated cryptocurrencies services catering for the larger blockchain community.
CGCX has already established a crypto trading platform and custody solutions. In the latter, it is one of the first participants to offer insurance to some of its clients.
Austin, Texas (Newsfile Corp. - May 12, 2021) - Majic Wheels Corp. (OTC Pink: MJWL) ("Majic" or the "Company") a Delaware corporation, intends to position itself as a player in the disruptive industries
Majic Wheels Corp. Announces New Direction into Fintech and Software Development
Austin, Texas (Newsfile Corp. - May 7, 2021) - Majic Wheels Corp. (OTC Pink: MJWL) ( Majic ) ( MJWL or the Company ) is pleased to announce the following updates:
The Company is highlighting four significant achievements. First, Majic Wheels Corp, a Delaware corporation, has taken the decision to discontinue its efforts and intentions regarding the Company s non-lucrative waste management, cleanup and junk removal services business from the prior management.
Second, a CPA has been retained for general accounting and specific ASC and FASB standards applicable to the Company s SEC/industry accounting needs. The CPA is knowledgeable of mergers and acquisitions, share structure and optimizing the best usage of funds. The CPA can act as a guide for the Company s structuring or restructuring needs. By restructure, it means that as the company grows it will restructure assets liabilities to optimized divi