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UMAX Group Corp.: UMAX GROUP CORP. - Future Business Focus Finalized The Company now has three wholly-owned subsidiaries which are: Home Foam Corporation, a Nevada corporation, was acquired by the Company in November 2020 in exchange for 1,000,000 shares of Series B , Preferred Stock ( Home Foam ); Mazuma Transportation Company, a Nevada corporation, was acquired by the Company in January 2021 in exchange for 1,000,000 shares of Series B , Preferred Stock ( Mazuma ); and Funny Media, LLC, a Nevada limited liability company, was acquired by the Company in May 2021 in exchange for 1,000,000 shares of Series B , Preferred Stock ( Funny Media ). Mr. Fletcher (President and CEO of the Company), states, We are currently operating three wholly-owned subsidiaries, all of which are currently in the growth stage of their business cycle. Each of the Company s subsidiaries will take significant capital moving forward to achieve cash flow positive operations on a regula ....
Press release content from Accesswire. The AP news staff was not involved in its creation. UMAX GROUP CORP. - Future Business Focus Finalized July 13, 2021 GMT LAS VEGAS, NV / ACCESSWIRE / June 12, 2021 / UMAX Group Corp. (OTC PINK:UMAX), a Nevada corporation, would like to provide an update on the future direction of the Company and its primary business focus. The Company now has three wholly-owned subsidiaries which are: Home Foam Corporation, a Nevada corporation, was acquired by the Company in November 2020 in exchange for 1,000,000 shares of Series ‘B’, Preferred Stock (‘Home Foam’); Mazuma Transportation Company, a Nevada corporation, was acquired by the Company in January 2021 in exchange for 1,000,000 shares of Series ‘B’, Preferred Stock (‘Mazuma’); and ....
Share this article Share this article 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 ....