Live Breaking News & Updates on Mazuma Transportation

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LAS VEGAS, Feb. 1, 2021 /PRNewswire/  UMAX Group Corp. (the Company or UMAX - Pink Sheets Alternative Reporting Pink: UMAX) – UMAX and its wholly-owned subsidiary, Home Foam Corporation, would like to announce the acquisition of a Las Vegas, Nevada based trucking company, Mazuma Transportation Company.
Mr. Fletcher (President and CEO of the Company), states… We are pleased to announce the acquisition of Mazuma Transportation Company based in Las Vegas, Nevada. Mazuma Transportation will be the second fully owned and operational subsidiary of UMAX. Similar to the acquisition of Home Foam in November of 2020, we negotiated the acquisition through the use of our Series B Preferred Stock so that the current common stock shareholders would not experience any immediate dilution of their shares of Common Stock. Additionally, similar to the Home Foam acquisition, there is contractual rider which states that the Series B Prefe ....

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