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UMAX Group Corp. - Acquisition of Trucking Company
Updated Mon, February 1, 2021, 8:31 AM
UMAX
+9.23%
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 Preferred Stock to be issued as part of this acquisition cannot be converted to the Common Stock of the Company for a period of three calendar years or Mazuma Transportation has four profitable consecutive quarters, whichever comes first. The purpose of this contractual rider is to insure that before the holders of the Series B Preferred Stock from this acquisition can convert to common stock, which will dilute ownership of the current shareholders of the Company, the subsidiary has added significantly to the top line revenue and is cash flow positive thus supporting the financial fundamentals of its parent company, UMAX."
UMAX acquired Mazuma Transportation pursuant to an equity exchange agreement executed on Friday, January 29, 2021. Pursuant to this Agreement, the Company acquired all outstanding equity of Mazuma Transportation (making it a wholly owned subsidiary) in exchange for 1,000,000 shares of Series B, Preferred Stock of the Company. Mazuma Transportation will have the following twelve (12) vehicles on its balance sheet:
Four (4) 2020 Peterbilt Cement Mixer Truck
One (1) 2010 International Day Cab
One (1) 2017 Freightliner Super 10 Dump Truck
One (1) 2008 Peterbilt Cement Mixer Truck
Two (2) 2009 Kenworth Cement Mixer Truck
One (1) 2010 Cement Powder Trailer
One (1) 1999 Freightliner Box Truck
One (1) 2009 International Box Truck
Mr. Fletcher further stated…"The Mazuma Transportation acquisition is a great transaction for UMAX in that it adds over $1,300,000 to our balance sheet in hard assets with debt of less than $200,000. This acquisition follows our business plan of acquiring operational business that have both significant assets and revenue, are in an industry that we feel has significant opportunities to generate significant profit on an ongoing basis and has cross uses with other operational subsidiaries that UMAX will eventually acquire. In passing, we plan on the possibility of retrofitting several of our older cement mixer trucks to become dump trucks due to the extreme demand for the dump truck type vehicles."
Mazuma Transportation currently has the two 26's box trucks leased out to a shutter and coating companies in the Las Vegas area. Three of the seven cement mixer trucks are currently leased out to a cement delivery company in the Los Angeles, California area. The four new 2020 cement mixer trucks, the super 10 dump truck, the 2010 International day cab and powder trailer will be leased to a new cement ready mix company estimated to open on or around April 1, 2021 in the Los Angeles metropolitan area. The company plans to add trucks as demand requires. The Las Vegas area is currently experiencing a construction boom with Super 10 dump trucks in high demand and Amazon plans on expanding to eight (8) total fulfillment warehouses in Las Vegas, Nevada which will require outside trucking contractors like Mazuma Transportation to assist them in the delivery of consumer goods pursuant to profitable daily drive contracts. Mazuma Transportation plans to fill the needs of both the Las Vegas and Los Angeles Markets as need for commercial trucks continue to grow.
About Us
UMAX Group Corp. is a Nevada corporation, is a public quoted Pink Sheet issuer under the ticker symbol "UMAX". Currently, UMAX has two wholly owned operational subsidiaries, Home Foam Corporation (Nevada Corporation) and Mazuma Transportation Company (Nevada Corporation). Home Foam which specializes in architectural foam (EPS) design products. This includes columns, caps, bases, medallions, railings, balconies, balustrades, shutters, window trims and sills, crown moldings and interior & exterior moldings. Additionally, they provide ornamental foam pop-outs such as window treatments for outside of new homes for stucco subcontractors and plaster companies. Additionally, Home Foam cuts foam for packaging inserts for shipping companies as well as geo-foam for highway and road development. The company also manufactures shutters for some of the largest regional home building companies for newly constructed residential homes. The company currently operates a 12,500 square foot warehouse located in Las Vegas, Nevada. The warehouse provides services for over 50 customer and currently has 13 full-time employees. Home Foam has plans to participate in the home building market in the Southwest Unites States during calendar year 2021. The company will eventually develop its own patented building system using EPS Foam products and a patented stucco-based coating. The coating insures higher R-values factors than traditional wood-built residences thus lower energy monthly cost. The company is also continually searching for companies that would expand the footprint in the home building industry for partnerships of acquisition. Mazuma Transportation specializes in the commercial transportation and delivery of cement, dirt, and consumer goods.
Forward Looking Statement
Certain statements that we make may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as believes, expects, anticipates, intends, plans, estimates, projects, forecasts, and future or conditional verbs such as will, may, could, should, and would, as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report and subsequent Flings, which are available on Otcmarkets.com. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events or otherwise.
SOURCE UMAX Group Corp.
UMAX GROUP CORP. - Acquisition of Home Foam Corporation
November 23, 2020
LAS VEGAS, Nov. 23, 2020 /PRNewswire/ -- UMAX Group Corp. (OTC Markets: UMAX), a Nevada corporation, has completed the acquisition of Home Foam Corporation (Nevada Corporation), a Las Vegas based custom manufacturer of EPS (polystyrene foam) shapes, shutters, coatings and castings for a variety of regional commercial clients and home builders.
Mr. Fletcher (President and CEO of the Company), states…"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. Additionally, there is contractual Ryder which states that the Series B Preferred Stock to be issued as part of this acquisition cannot be converted to the Common Stock of the Company for a period of three calendar years or Home Foam has four profitable consecutive quarters, whichever comes first. We felt by structuring the transaction in this manner the current shareholders would not face dilution if the acquired company performed less than expected."
The Company acquired Home Foam Corporation pursuant to an equity exchange agreement executed on Friday, November 20, 2020. Pursuant to this Agreement, the Company acquired all outstanding equity of Home Foam (making it a wholly owned subsidiary) in exchange for 1,000,000 shares of Series B, Preferred Stock of the Company.
Mr. Fletcher further stated…"After a little over a year of operations, Home Foam had its first profitable month in October and looks to be in position to grow its revenues significantly over the next calendar year. Additionally, the Company has well over $350,000 USD in assets (e.g. replacement value) which includes nine high speed foam cutting machines and 2 box trucks used for customer deliveries. The company has no long-term debt to service. The Company felt that Home Foam was a strategic acquisition for the Company due to the fact that its current business operations have many vertical and horizontal avenues through which we can expand our business footprint and aligns with the current business plan moving forward."
Home Foam specializes in architectural foam (EPS) design products which includes columns, caps, bases, medallions, railings, balconies, balustrades, shutters, window trims and sills, crown moldings, as well as interior & exterior moldings. Additionally, they provide ornamental foam pop-outs such as window treatments for the outside of new homes for both stucco subcontractors and plaster companies. The Company cuts foam for packaging and inserts for shipping companies as well as geo-foam for highway and road development. The company also manufactures shutters for regional home building companies for installation on newly constructed residential homes. The company currently operates a 12,500 square foot warehouse located in Las Vegas, Nevada from which it services over 35 customer clients and currently has nine full-time employees.
Disclaimer Regarding Forward Looking Statements
Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements.
SOURCE UMAX Group Corp.
$GNUS | #GenuisBrands Int Potential Continuation
Another stock that got hit while attempting to rally yesterday.
Indicators are positive but needs a volume spike.
Has a strong history of pump & dumps which maybe does scare of traders.
Needs to be traded with care, Targets =
$2.10 Fibonacci Resistance
$2.18 Horizontal and volume resistance
$2.45 Fibonacci & Horizontal price resistance
$2.81 Fibonacci Golden pocket
$GNUS | #GenuisBrands Int Potential Continuation
Another stock that got hit while attempting to rally yesterday.
Indicators are positive but needs a volume spike.
Has a strong history of pump & dumps which maybe does scare of traders.
Needs to be traded with care, Targets =
$2.10 Fibonacci Resistance
$2.18 Horizontal and volume resistance
$2.45 Fibonacci & Horizontal price resistance
$2.81 Fibonacci Golden pocket
$NFLX | #Netflix $540 Short Term Target
Indicators are turning more bullish for NFLX as volume increases.
Notable that the CMF bounced of the Zero-line.
All Moving averages are now cleared and the 7ma is rising support.
The local Fixed Range signals a drop in volume resistance above as
a result of the sudden selloff in October.
Targets as per the chart $530 & $540.
pay particular attention to the Fibonacci GP
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
$NFLX | #Netflix $540 Short Term Target
Indicators are turning more bullish for NFLX as volume increases.
Notable that the CMF bounced of the Zero-line.
All Moving averages are now cleared and the 7ma is rising support.
The local Fixed Range signals a drop in volume resistance above as
a result of the sudden selloff in October.
Targets as per the chart $530 & $540.
pay particular attention to the Fibonacci GP
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
$TWTR | Bulls Need to break major Pivot at $53 in #Twitter
TWTR channel remains well respected , having held under back-test on Friday.
The 7ma may need to catch up for the stock to make its next move higher.
Volume remains impressive.
$53.00 is key Yearly candle Pivot point from 2015 to break.
$56.00 is next target.
$62-64 is of huge importance
$TWTR | Bulls Need to break major Pivot at $53 in #Twitter
TWTR channel remains well respected , having held under back-test on Friday.
The 7ma may need to catch up for the stock to make its next move higher.
Volume remains impressive.
$53.00 is key Yearly candle Pivot point from 2015 to break.
$56.00 is next target.
$62-64 is of huge importance
$PURA | #Puration Inc Targets $26B #Hemp Market
Puration Inc.
(STOCK: PURA )
Current Price: $0.0997
Chart Analysis
Website | Recent News
About the Company
Puration , Inc. is a leading Texas-based, CBD-infused beverage provider. The Company’s flagship product, EVERx, which was introduced in 2017, targets the sports nutrition market. Puration plans to introduce new beverages as well as grow its product portfolio organically and through targeted acquisitions. The Company has spun off its cannabis cultivation segment to focus its efforts exclusively on its high-growth core CBD-infused beverage business.
PURA Hemp Lifestyle Brand Designed To Catalyze Entire Hemp Market Growth
PURA recently announced that the company is making major headway in the rollout of its new hemp lifestyle strategy, Farmersville Brands. The closing of the 72-acre land purchase contract where PURA will build the tangible centerpiece of its lifestyle strategy is anticipated to soon be complete. The centerpiece has already announced a hemp cultivation and extraction partnership with PAO Group , Inc. (Stock: PAOG ) and additional partnerships are in the works. PURA management anticipates the Farmersville Brands strategy to become the industry brand name catalyst advancing the entire hemp sector.
PURA's Chart Is Showing A Bullish Uptrend In The Making
Bullish Technical Indicators:
• Bullish downtrend break after bouncing off long-term horizontal support.
• RSI crossed above mid point.
• Momentum bullish uptrend after crossing zero-line histogram and MACD in bullish trajectory.
• Volume rising and buy side dominated.
The Bottom Line:
November has delivered a triple-whammy of great news for cannabis stocks: Several states legalized the use of recreational marijuana, Joe Biden's presidential victory could lead to more calls for decriminalization, and two leading cannabis companies reported better-than-expected results on Monday.
The timing for PURA's new hemp lifestyle brand strategy couldn't be better.
We see plenty of upside ahead for this rapidly growing company operating in a sector that is till in its infancy.By Viewing this Content, you Agree that you Have Read and are in Full Understanding of both our Disclaimer & Privacy Policy(*Remember to use a Stop-Loss Order to protect your gains, as well as limit possible losses.)
Regards
$PURA | #Puration Inc Targets $26B #Hemp Market
Puration Inc.
(STOCK: PURA )
Current Price: $0.0997
Chart Analysis
Website | Recent News
About the Company
Puration , Inc. is a leading Texas-based, CBD-infused beverage provider. The Company’s flagship product, EVERx, which was introduced in 2017, targets the sports nutrition market. Puration plans to introduce new beverages as well as grow its product portfolio organically and through targeted acquisitions. The Company has spun off its cannabis cultivation segment to focus its efforts exclusively on its high-growth core CBD-infused beverage business.
PURA Hemp Lifestyle Brand Designed To Catalyze Entire Hemp Market Growth
PURA recently announced that the company is making major headway in the rollout of its new hemp lifestyle strategy, Farmersville Brands. The closing of the 72-acre land purchase contract where PURA will build the tangible centerpiece of its lifestyle strategy is anticipated to soon be complete. The centerpiece has already announced a hemp cultivation and extraction partnership with PAO Group , Inc. (Stock: PAOG ) and additional partnerships are in the works. PURA management anticipates the Farmersville Brands strategy to become the industry brand name catalyst advancing the entire hemp sector.
PURA's Chart Is Showing A Bullish Uptrend In The Making
Bullish Technical Indicators:
• Bullish downtrend break after bouncing off long-term horizontal support.
• RSI crossed above mid point.
• Momentum bullish uptrend after crossing zero-line histogram and MACD in bullish trajectory.
• Volume rising and buy side dominated.
The Bottom Line:
November has delivered a triple-whammy of great news for cannabis stocks: Several states legalized the use of recreational marijuana, Joe Biden's presidential victory could lead to more calls for decriminalization, and two leading cannabis companies reported better-than-expected results on Monday.
The timing for PURA's new hemp lifestyle brand strategy couldn't be better.
We see plenty of upside ahead for this rapidly growing company operating in a sector that is till in its infancy.By Viewing this Content, you Agree that you Have Read and are in Full Understanding of both our Disclaimer & Privacy Policy(*Remember to use a Stop-Loss Order to protect your gains, as well as limit possible losses.)
Regards
$MGEN | #MiragenTherapeutics, Inc 30% Upside
Miragen Therapeutics , Inc. is a clinical stage biopharmaceutical company, which engages in the development of proprietary RNA-targeted therapeutics. Its product candidates include cobomarsen, which treats patients with certain cancers, including cutaneous T-cell lymphoma and adult T-cell leukemia/lymphoma; and remlarsen and MRG-229, which are made for the treatment of patients with pathological fibrosis. The company was founded by William S. Marshall and Bruce L. Booth in February 2006 and is headquartered in Boulder, CO.
$MGEN | #MiragenTherapeutics, Inc 30% Upside
Miragen Therapeutics , Inc. is a clinical stage biopharmaceutical company, which engages in the development of proprietary RNA-targeted therapeutics. Its product candidates include cobomarsen, which treats patients with certain cancers, including cutaneous T-cell lymphoma and adult T-cell leukemia/lymphoma; and remlarsen and MRG-229, which are made for the treatment of patients with pathological fibrosis. The company was founded by William S. Marshall and Bruce L. Booth in February 2006 and is headquartered in Boulder, CO.
$IMG | #ImpacMortgage Holdings, Inc. Breakout Targets
Impac Mortgage Holdings , Inc. engages in the provision of mortgage and real estate solutions. It operates through the following segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment offers mortgage lending product through lending channels, retail, wholesale and correspondent, retains mortgage servicing rights, and warehouse lending facilities. The Real Estate Services segment performs servicing, and provides loss mitigation services for securitized long-term mortgage portfolio. The Long-Term Mortgage Portfolio segment consists of residual interests in securitization trusts. The company was founded by Joseph R. Tomkinson in August 1995 and is headquartered in Irvine, CA.
$IMG | #ImpacMortgage Holdings, Inc. Breakout Targets
Impac Mortgage Holdings , Inc. engages in the provision of mortgage and real estate solutions. It operates through the following segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment offers mortgage lending product through lending channels, retail, wholesale and correspondent, retains mortgage servicing rights, and warehouse lending facilities. The Real Estate Services segment performs servicing, and provides loss mitigation services for securitized long-term mortgage portfolio. The Long-Term Mortgage Portfolio segment consists of residual interests in securitization trusts. The company was founded by Joseph R. Tomkinson in August 1995 and is headquartered in Irvine, CA.
$FLL | #FullHouseResorts, Inc. 30% Upside
Full House Resorts , Inc. engages in the ownership, leasing, development, operation, and management of gaming, hospitality, and entertainment facilities. It operates through the following segments: Silver Slipper Casino and Hotel, Bronco Billy's Casino and Hotel, Rising Star Casino Resort and Northern Nevada. The Silver Slipper Casino and Hotel segment includes gaming space, hotel rooms, fine dining restaurant, buffet, quick service restaurant, and casino bars. The Bronco Billy's Casino and Hotel segment contains slot and video poker machines, table games, hotel rooms, steakhouse, casual dining outlets, and outdoor amphitheater. The Rising Star Casino Resort segment comprises of casino space, hotels, fine dining restaurant, buffet, sports bar, quick service restaurant, coffee shop, and multi-purpose grand theater. The Northern Nevada segment covers Stockman's Casino and Grand Lodge Casino. The company was founded on January 5, 1987 and is headquartered in Las Vegas, NV.
$FLL | #FullHouseResorts, Inc. 30% Upside
Full House Resorts , Inc. engages in the ownership, leasing, development, operation, and management of gaming, hospitality, and entertainment facilities. It operates through the following segments: Silver Slipper Casino and Hotel, Bronco Billy's Casino and Hotel, Rising Star Casino Resort and Northern Nevada. The Silver Slipper Casino and Hotel segment includes gaming space, hotel rooms, fine dining restaurant, buffet, quick service restaurant, and casino bars. The Bronco Billy's Casino and Hotel segment contains slot and video poker machines, table games, hotel rooms, steakhouse, casual dining outlets, and outdoor amphitheater. The Rising Star Casino Resort segment comprises of casino space, hotels, fine dining restaurant, buffet, sports bar, quick service restaurant, coffee shop, and multi-purpose grand theater. The Northern Nevada segment covers Stockman's Casino and Grand Lodge Casino. The company was founded on January 5, 1987 and is headquartered in Las Vegas, NV.
$XSPA | #XpresSpa Group, Inc. Breakout Targets
XpresSpa Group , Inc. is a health and wellness services company. It operates through XpresSpa,is an airport retailer of spa services. The XpresSpa offers travelers spa services, including massage, nail and skin care, as well as spa and travel products. The company was founded by Jonathan Medved and David Goldfarb in January 9, 2006 and is headquartered in New York, NY.
$XSPA | #XpresSpa Group, Inc. Breakout Targets
XpresSpa Group , Inc. is a health and wellness services company. It operates through XpresSpa,is an airport retailer of spa services. The XpresSpa offers travelers spa services, including massage, nail and skin care, as well as spa and travel products. The company was founded by Jonathan Medved and David Goldfarb in January 9, 2006 and is headquartered in New York, NY.
$DGLY | #DigitalAlly, Inc. Breakout Trade
Digital Ally , Inc. engages in the design, manufacture, and sale of digital audio, video recording, and speed detection devices. Its products include in-car digital video and audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio and video surveillance and hands-free automatic activation of body-worn cameras and in-car video systems; a miniature digital video system designed to be worn on an individual’s body; and cloud storage solutions. The company was founded on December 13, 2000 and is headquartered in Lenexa, KS.
$DGLY | #DigitalAlly, Inc. Breakout Trade
Digital Ally , Inc. engages in the design, manufacture, and sale of digital audio, video recording, and speed detection devices. Its products include in-car digital video and audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio and video surveillance and hands-free automatic activation of body-worn cameras and in-car video systems; a miniature digital video system designed to be worn on an individual’s body; and cloud storage solutions. The company was founded on December 13, 2000 and is headquartered in Lenexa, KS.