Majic Wheels Corp Announces the Appointment of New CEO & Director David Chong and the Application to OTCIQ

May 12, 2021 1:22 PM EDT | Source: Majic Wheels Corp.

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 of and Fintech and software development by means of an acquisition and merger is pleased to announce the following updates:

Majic Wheels, Corp. is proud to announce the addition of David Chong as Chief Operating Officer and Director of the Board.

"This appointment provides the Company access to Mr. Chong's dynamic knowledge in business development and Fintech background, a strategic step for the Company," stated former CEO, Kim Halvorson and Current Director for the company. "He is an established proven leader and has expertise in early-stage growth companies in emerging industries; and will no doubt be a huge asset for us."

Shaw Cheng "David" Chong has over 30 years working experience in medium and large private and publicly listed manufacturing companies. Familiar with navigating China, US, Europe, Singapore and other capital markets, his expertise includes international financial management, operations, auditing, funding, business development, internal control maintenance, corporate governance and investor relations. He has qualifications in professional accountancy studies from ACCA (the Association of Chartered Certified Accountants). Mr. Chong was the Financial Controller for Amtek Engineering Ltd. in China From 2007 to 2010 he was Strategic Advisor to Nasdaq China Recycling Energy Corporation, and later in 2010 he became CREG's Investor Relationship Director prior to assuming the role of Chief Financial Officer from 2011 to 2015, and reverting to Strategic Advisor until May 2016. From May 2015 to March 2019, Mr. Chong served as the Managing Director (Asia) of Hover Energy LLC, and concurrently from March 2016 to December 2016, he acted as Treasurer and Interim President of Nutrastar International. Mr. Chong became board advisor to NexG Ptd Ltd. in November 2016 and was subsequently appointed as Chief Financial Officer of NexG in January 2017 until April 2018, and Chief Financial Officer of Qourier from April 2018 to December 2019. Mr Chong was Strategic Advisor to Viagoo Pte Ltd from January 2020 to June 2020 and was appointed to OTC Muliang Viagoo Technology, Inc as Chief Financial Officer from June 2020.

"I am excited to join the company as I am very passionate about the strategic marriage of the financial industry and software technology, which can generate disruptive growth in an emerging marketplace," commented David Chong, newly appointed CEO.

In addition, the Company has submitted the OTCIQ application, retained a new experienced public company team of service providers to bring positive changes to OTC Markets compliance and shareholder transparency which will increase it's value to the shareholders.

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:

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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.

SOURCE: Majic Wheels Corp.


Kim Halvorson

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