Majic Acquires The Calfin Global Crypto Exchange: CGCX

Houston, Texas, June 30, 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 improvement by the use of acquisitions, pronounces completion and shutting of Calfin World Crypto Change (“CGCX”).

Ultimate phrases of the acquisition have been glad with the Firm turning into present and finishing the final pending restructuring objects. As such the Board of the Firm, having accomplished its due diligence and despatched remaining settlement for execution. 

ʺMonths of across the clock work went into making ready Majic for this landmark second. We’re proud to have reached this milestone by turning into present and settling earlier liabilities of the Firm to the satisfaction of our acquisition candidate. Now that phrases have been glad and the acquisition is executed, we look ahead to the following steps within the Majic journey.” mentioned David Chong, Chief Govt Officer of Majic Wheels, Corp. 

ʺIt is a unbelievable time for CGCX. Spreading our wings globally by this merger with Majic will assist develop the attain of our blockchain options and create an affect worldwide.” mentioned Anandh Swami, Chief Govt Officer of CGCX. 

The acquisition of CGCX which is valued at USD 153.2 Million is performed on an all-equity foundation with the respective CGCX shareholders receiving Restricted and Most well-liked shares of Majic. With the acquisition being closed, the Firm might be releasing extra info and particulars on CGCX transferring ahead. To that finish, the Firm needs to remind shareholders and potential traders that it is going to be internet hosting a web based presentation within the month of July. The main points of which might be shared shortly. To obtain updates in regards to the particular particulars of the time and place, please register on our web site right here:

https://majiccorp.co/

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 improvement by the use of acquisitions and mergers. Majic Wheels Corp. is listed and traded on the Over-the-Counter Market underneath 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 Change CGCX got down to supply a extremely subtle cryptocurrency change for a seamless & safe crypto buying and selling expertise. Not like most exchanges that provide solely cryptocurrency buying and selling, CGCX caters to the bigger blockchain neighborhood by offering 4 companies underneath a single platform.

CGCX Web site: https://www.cgcx.io

SAFE HARBOR STATEMENT

This press launch comprises forward-looking statements that may be recognized by terminology akin to “believes,” “expects,” “potential,” “plans,” “suggests,” “could,” “ought to,” “may,” “intends,” or related expressions. Many forward-looking statements contain identified and unknown dangers, uncertainties and different components that will trigger precise outcomes to be materially completely different from any future outcomes implied by such statements. These components embrace, however should not restricted to, our skill to proceed to boost our merchandise and techniques to deal with business adjustments, our skill to develop our buyer base and retain present prospects, our skill to successfully compete in our market section, the shortage of public info on our firm, our skill to boost adequate capital to fund our enterprise, operations, our skill to proceed as a going concern, and a restricted public marketplace for our widespread inventory, amongst different dangers. Many components are troublesome to foretell precisely and are typically past the corporate’s management. Ahead-looking statements communicate solely as to the date they’re made, and we don’t undertake to replace forward-looking statements to replicate circumstances or occasions that happen after the date the forward-looking statements are made.

SOURCE: Majic Wheels Corp. 

FOR MORE INFORMATION, PLEASE CONTACT:

David Chong
Electronic mail: [email protected]