Majic acquires The Calfin Global Crypto Exchange: CGCX

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Houston, Texas, June 30, 2021 (GLOBE NEWSWIRE) – Majic Wheels, Corp. (OTC Pink: MJWL) (“Majic” or the “Company”), a Delaware corporation, positioned as a player in the fintech and software development industries through acquisitions, announces completion and closing by Calfin Global Crypto Exchange (CGCX).

The final terms of the acquisition have been met, with the company going current and completing the last outstanding restructuring items. As such, the Board of Directors of the Company, having carried out its due diligence and sent the final agreement for execution.

Months of relentless work were necessary to prepare Majic for this historic moment. We are proud to have achieved this milestone by updating and settling past liabilities of the Company to the satisfaction of our candidate for acquisition. Now that the conditions have been met and the acquisition completed, we look forward to the next steps in Majic’s journey. said David Chong, CEO of Majic Wheels, Corp.

It’s a fantastic time for CGCX. Spreading our wings globally through this merger with Majic will help extend the reach of our blockchain solutions and create impact around the world. said Anandh Swami, CEO of CGCX.

The acquisition of CGCX, valued at $ 153.2 million, is carried out on an equity basis, with the respective shareholders of CGCX receiving restricted and preferred shares of Majic. With the closing of the acquisition, the Company will release more information and details on the future of CGCX. To this end, the Company would like to remind shareholders and potential investors that it will organize an online presentation in July. Details of which will be shared shortly. To receive updates on specific time and location details, please register on our website here:

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About Majic Wheels Corp.

Majic Wheels Corp., a Delaware company, intends to position itself as a player in the disruptive fintech and software development industries through acquisitions and mergers. Majic Wheels Corp. is listed and traded on the over-the-counter market under the symbol “MJWL”.

For more information about the company, visit:

Our OTC Markets profile: https: //www.otcmarkets.com/stock/mjwl/overview Our website is: https: //majiccorp.co/ Our Twitter account is: https: //twitter.com/MajicCorp Our Discord: https: / /discord.gg/apolloassets

About CGCX Ltée.

Founded in 2018, Calfin Global Crypto Exchange CGCX has set itself the goal of offering a highly sophisticated cryptocurrency exchange for a seamless and secure crypto trading experience. Unlike most exchanges that only offer cryptocurrency exchanges, CGCX caters to the larger blockchain community by providing four services under one platform.

CGCX website: https://www.cgcx.io

SAFE PORT DECLARATION

This press release contains forward-looking statements that may be identified by words such as “believes”, “expects”, “,”, plans, “suggests,”, “or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from future results implied by such statements. These factors include, but are not limited to, our ability to continue to improve our products and systems to cope with industry changes, our ability to expand our customer base and retain existing customers, our ability to compete effectively in our market segment, the lack of public information about our company, our ability é to raise sufficient capital to fund our business, operations, ability to continue to operate and a limited public market for our common shares, among other risks. Many factors are difficult to predict with precision and are generally beyond the control of the business. Forward-looking statements speak only as of the date on which they are made, and we do not undertake to update any forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made.

SOURCE: Majic Wheels Corp.

FOR MORE INFORMATION PLEASE CONTACT:

David Chong Email: [email protected]

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