Majic Wheels Corp. Announces New Direction into Fintech and Software Development

May 07, 2021 1:27 PM EDT | Source: Majic Wheels Corp.

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 divisions.

Third, the board of the Company intends to position Majic as a player in the disruptive industries of Fintech and Software Development. The company is currently in discussions with a growing and revenue generating merger candidate. The company is completing the last phase of its due diligence process and negotiations. The Company believes that this merger will bring great value to the Company and its shareholders.

Fourthly, the Company has decided to be aggressive in expansion and growth acquisitions. The Company is in good standing in the State of Delaware, and the financials have been completed and will be submitted as soon as the Company has access to OTCIQ.

Despite the volatile momentums being seen since the beginning of the 2020 in the digital currency market, one reality has come to light, there is the ever-growing acceptance and growth of digital currency. The store of value and its secure network is the new standard in any robust technology stack.

Being at their highest adoption levels yet, seen as an exciting new asset class and with the institutions finally getting into the Market, the Company believes there is not a better time to enter the digital assets space.

Concurrently, the Company is also working on deploying a new website where it intends to further share Majic's new vision and direction for the company moving forward. The Company invites shareholders to follow its social media for ongoing updates.

Our Twitter account is:

About Majic Corp, Inc.

Majic Corp Inc., a Delaware corporation, intends to position itself as a player in the disruptive industries of and Fintech and software development by means of an acquisition and merger. Majic Wheels Corp. is listed and traded on the Over-the-Counter Bulletin Board of NASDAQ under the trading symbol "MJWL".

For more information about the Company visit:

Our OTC Markets Profile:

Our website is:

Our Twitter account is:


This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

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PR CONTACT: Kim Halvorson

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