Majic Wheels Corp (MJWL)

[Bud-Wiser]

MERGER with CGCX is COMPLETE-LOOKSIE Below

Majic Acquires The Calfin Global Crypto Exchange: CGCX
Houston, Texas, June 30, 2021 (GLOBE NEWSWIRE) -- Majic Wheels, Corp. (OTC:MJWL) ("Majic" or the "Company"), a Delaware corporation, that is positioning itself as a player in the disruptive industries of fintech and software development by means of acquisitions, announces completion and closing of Calfin Global Crypto Exchange ("CGCX").

Final terms of the acquisition were satisfied with the Company becoming current and completing the last pending restructuring items. As such the Board of the Company, having completed its due diligence and sent final agreement for execution.

"Months of around the clock work went into preparing Majic for this landmark moment. We are proud to have reached this milestone by becoming current and settling previous liabilities of the Company to the satisfaction of our acquisition candidate. Now that terms have been satisfied and the acquisition is executed, we look forward to the next steps in the Majic journey." said David Chong, Chief Executive Officer of Majic Wheels, Corp.

"It is a fantastic time for CGCX. Spreading our wings globally through this merger with Majic will help expand the reach of our blockchain solutions and create an impact worldwide." said Anandh Swami, Chief Executive Officer of CGCX.

The acquisition of CGCX which is valued at USD 153.2 Million is conducted on an all-equity basis with the respective CGCX shareholders receiving Restricted and Preferred shares of Majic. With the acquisition being closed, the Company will be releasing more information and details on CGCX moving forward. To that end, the Company wishes to remind shareholders and prospective investors that it will be hosting an online presentation in the month of July. The details of which will be shared shortly. To receive updates about the specific details of the time and place, please register on our website here:

https://majiccorp.co/