Majic Signs Investment Banking Agreement with Donald Capital

Houston, Texas, September 10, 2021 – Majic Wheels, Corp. (OTC Pink: 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 that it has signed an agreement with New York based Investment Bank Donald Capital, LLC.

The Company is proud to announce it has signed an agreement with Donald Capital, LLC. to provide M&A Strategic Advisory and Investment Banking services to the Company as a lead placement agent. Donald Capital will assist the Company to raise capital in a private offering of up to $50,000,000.

The Company believes this agreement will further increase the scope and size of its acquisitions strategy and create a leverage to exponentially create growth and value for its shareholders.

Donald Capital, LLC is a FINRA Member Investment Bank founded with the intent to build a legacy based upon the fundamentals of Honesty & Integrity. The principals’ highly regarded Wall Street reputations, broad experience across multiple industries and geographies, plus a results-oriented approach enables Donald Capital to provide solutions to the complex problems facing companies in today’s challenging business environment. Donald Capital focuses on a market that has not been properly served for some time – the Private, Micro, Small and Midcap Markets.

“As we keep growing the Company through the organic growth of our existing business lines and the acquisition of synergistic value adding candidates, our Company will be well advised by the extensive experience of Donald Capital’s team. This is another step towards our NASDAQ up listing goal. Institutional backing is essential to a successful up list and we feel this step represents another milestone in the NASDAQ direction.” said David Chong, Chief Executive Officer of Majic Wheels Corp.

About Donald Capital, LLC

Donald Capital founded in 2019 by senior Wall Street veterans with a long-term goal to become the premiere boutique investment bank in all sectors for both domestic and foreign companies. Donald Capital is headquartered in New York City with an office in St. Petersburg, FL. Future satellite offices planned in Los Angeles, Vancouver, and Shanghai.

Contact information for Donald Capital, LLC:

Email: [email protected]
Website: www.donaldcapital-ny.com
Phone number: 914-806-2066

About Majic Wheels Corp.

Majic Wheels Corp., a Delaware corporation, intends to position itself as a player in the disruptive industries of Fintech and software development by means of acquisitions and mergers. Majic Wheels Corp. is listed and traded on the Over-the-Counter Market under the trading 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 Ltd.

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

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

SAFE HARBOR STATEMENT

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.

FOR MORE INFORMATION, PLEASE CONTACT:
David Chong
Email: [email protected]

Majic To Host Online Presentation of CGCX

Houston, Texas, August 20, 2021 – Majic Wheels, Corp. (OTC Pink: 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 it will be hosting an online presentation of its wholly owned subsidiary CGCX.

The Presentation will be hosted on the
Majic Wheels Corp, Inc. website on
August 22nd, 2021, at 19:00 Eastern Time

To view the presentation, investors are invited to register on the Majic website here:

https://majiccorp.co

“We are excited to share more about CGCX with shareholders and prospective investors alike. There has been a rising interest in CGCX’s exchange platform and its ecosystem. We couldn’t be more excited to share CGCX’s current achievements and future” said Dr. Vin Menon, founder of CGCX.

As part of the presentation the Company will be delving into further details about the current roadmap set for the Company’s subsidiary CGCX. Items discussed during the presentation will cover Actual Revenues, Projected Revenues, Business Lines and Planned Upcoming Developments.

Following the online presentation, the Company will be attending a Discord Q&A session to further discuss any questions shareholders may have about the presentation. The Q&A will be hosted on the Company’s usual Discord Channel hosted by Apollo Assets.

The Q&A will take place on August 25th, 2021, at 18:00 Eastern Time

About Majic Wheels Corp.

Majic Wheels Corp., a Delaware corporation, intends to position itself as a player in the disruptive industries of Fintech and software development by means of acquisitions and mergers. Majic Wheels Corp. is listed and traded on the Over-the-Counter Market under the trading 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 Ltd.

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

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

SAFE HARBOR STATEMENT:

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.

FOR MORE INFORMATION, PLEASE CONTACT:
David Chong
Email: [email protected]

CGCX Launches Advanced Decentralized Blockchain Platform

Houston, Texas, August 9, 2021 – McapMediaWire – Majic Wheels, Corp. (OTC Pink: 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 launch of iChain Advanced Decentralized Blockchain Platform by its wholly-owned subsidiary CGCX.

CGCX’s iChain is an ambitious Layer 2 scaling project dedicated to the establishment of a truly decentralised infrastructure. It provides one of the largest blockchain-based operating systems and offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) on the CGCX iChain ecosystem.

iChain is designed to be a complete platform for launching interoperable blockchains and offers significant transparency, security, scalability, performance, and low/no gas fees.

The first project – iBG (www.ibg.finance), a Smart DeFi Robo Advisory app that provides users with AI enabled asset management, has already gone live on CGCX iChain, with more than 3000 transactions logged in the first hour. The second project is CGCX token. CGCX is the world’s first fully insured hybrid trading platform and its native utility token will migrate from Ethereum blockchain to iChain blockchain. There are two further enterprise blockchain projects in the pipeline that are due to go live on the CGCX iChain.

Aneesha Reihana, Chief Product Strategist of iBG.finance added: “CGCX’s iChain has provided us a scalable platform to expand our service offerings at not only no cost to our consumers, but even more importantly on an insured platform.”

The go to market strategy is to help fortune 500 multinational companies move into blockchain with a highly scalable/secured low to no cost model. This provides a truly decentralised platform and offers POSI (public offering security insurance) to all the digital assets available in the iChain platform, subject to insurance premiums.

The founder of CGCX and iBG Dr Vin Menon said: “We are very proud to be the world’s first insured platform where all the digital assets are reinsured by Lloyds of London Syndicates and provide safe custody and peace of mind for our asset owners. This is unique to the market, and we have been working on developing this infrastructure for a number of years.”

The CGCX iChain is a protocol designed to help scale key Decentralized Applications (DApps) by handling transactions off the Ethereum mainnet, while taking advantage of the robust decentralised security model of the mainnet, by anchoring transaction hashes to the mainnet, which ensures that the immutability of the blockchain is maintained.

iChain seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience in terms of high speed and delayed transactions and its high gas fees. In a recent interview, Vitalik Buterin, Ethereum’s co-founder, has commented on how the Ethereum ecosystem will not work if gas fees cripple the average users and sees sidechains and parachains as playing a key role in reducing network costs, amplifying performance, and anchoring Ethereum.

About Majic Wheels Corp.

Majic Wheels Corp., a Delaware corporation, intends to position itself as a player in the disruptive industries of Fintech and software development by means of acquisitions and mergers. Majic Wheels Corp. is listed and traded on the Over-the-Counter Market under the trading 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 Ltd.

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

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

SAFE HARBOR STATEMENT:

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.

FOR MORE INFORMATION, PLEASE CONTACT:
David Chong
Email: [email protected]

Hogan Lovells to fund female led FinTechs

Hogan Lovells announces during UK FinTech Week that applications are open to its Global FinTech Mentor and Momentum Program for 2021-22. This year, the firm will focus on selecting and supporting female led FinTechs, as part of its commitment to diversity and inclusion. To date around 10% of successful applicants for the Program have had women founders or leaders, including Dozens (Gemma Steel), Flexy (Joanna Mansbridge) and Rodi (Ilia Mallioras).

The Program is open to FinTechs at any stage of development, from start-ups to more established growth players. Interested businesses, particularly in the areas of banking, lending, payments, insurance, investments, and sustainable finance, are welcome to apply throughout 2021 for complimentary or subsidised support from Hogan Lovells. The firm is committed to empowering the female FinTech community, and is aiming for at least half of successful applications from female led FinTechs.

Globally, just 3% of FinTechs were founded by women as of 2019, according to Deloitte Insights published in October 2020, which also found that funding for FinTechs founded or co-founded by women was significantly less than for men. Innovate finance reported in January this year that female founded FinTechs accounted for 17% of the UK’s total FinTech venture capital investments over 2020, up 6% from 2019. Yet KPMG’s UK FinTech Focus 2020 found that female founded FinTechs are more resilient to the pandemic, with more in cash reserves.

Commenting, Hogan Lovells Head of FinTech and Innovation Emily Reid, said: “What we are seeing is that, despite the challenges of the pandemic, female-led FinTechs represent a well-run and competitive investment proposition. However the levels of investment remain nowhere near on a par with male-led counterparts. We recognise their potential and hope to harness it through our Global FinTech Mentor and Momentum Program this year, empowering female-led FinTechs to grow and achieve a greater share of the market and investment.”

Launched at Innovate Finance Global Summit (IFGS) in April 2017, the successful Program is entering its fifth year. To date, Hogan Lovells investment has totalled over a million pounds in support of around 25 FinTechs; providing each with up to £25,000 in free legal services, together with a 30% discount to the free advice, to make it go further. This is in addition to the same discount on advice provided after or outside the scope of the program, as well as access to industry events and networking opportunities with the firm’s existing clients in the FinTech space.

Hogan Lovells Head of Financial Services Regulation, Rachel Kent, said: “We offer more than just legal advice through our Global FinTech Mentors and Momentum Program, we share our extensive industry knowledge, our connections, content and tools to help the selected applicants launch, expand and succeed within a complex regulatory framework that is constantly evolving and can be tricky to navigate, but is essential for a long term sustainable business.”

Those selected are assigned a dedicated relationship manager who will ensure they receive maximum value from Program membership by guiding them through the suite of support options on offer:

  • Commercial insight on how financial services businesses can successfully launch and scale-up
  • Access to the firm’s cross-border FinTech network
  • Networking with current and previous mentees
  • Training opportunities through a host of firm and industry events
  • A package of affordable corporate and regulatory advice, from contracts, compliance and collaboration agreements to employment law, fund raising and structuring
  • Guidance on the financial services regulatory landscape for FinTechs post-Brexit
  • Free or subsidised access to the firm’s suite of LawTech tools offered on Hogan Lovells Engage, including the Consumer Credit Academy, PISP/AISP Authorisation Toolkits, Payment Services Academy and Blockchain Tools, among others while on the program
  • Support from Hogan Lovells Consulting team for regulatory advice on everything from authorisation to building a scalable compliance framework.

Hogan Lovells is ideally placed to provide this support, long positioned at the heart of the FinTech industry. The firm advised on the establishment of the UK’s first internet only bank; on the launch of Zopa – the world’s first peer-to-peer lender; and of a mobile P2P payments service – the first of its kind in the UK market. Head of Financial Services Regulation Rachel Kent co-chaired the policy and regulation chapter of the recently published UK FinTech Strategic Review, in February 2021.

More details on the Program and how to apply can be found here.

Hogan Lovells invests in FinTech start-up Fygo

Hogan Lovells is supporting the launch of an innovative free automatic student rewards app from COVID-19 start-up Fygo, one of the firm’s FinTech Mentor and Momentum Program 2020 cohort.

Launched in April 2017, through the Program, FinTech organisations in Asia, the EU and UK at any stage of development, from start-ups to established momentum players in strong growth mode, can apply for complimentary or subsidised support from Hogan Lovells.

Recipients benefit from extensive industry knowledge from Hogan Lovells’ commercial insights, access to the firm’s global network, legal and compliance training, industry events and use of the firm’s FinTech tools, up to a maximum value of £25,000 for any one company.

Founded during the COVID-19 pandemic, Fintech start-up Fygo has conceived and brought to market, with the help of Hogan Lovells, an innovative automatic student rewards app. Launching initially at Durham University, the free mobile app allows students and staff to link their bank cards to the app through a secure interface, and instantly and automatically receive cashback when they spend using a linked card at Fygo partners, without having to say, show, or scan anything.

For participating businesses, partnering with Fygo provides an affordable cost, hassle and commitment free solution to acquire more Generation Z customers and increase revenue. The in-built tracking system providing insights to help them better understand their customers and competitive positioning, with access to customer analytics, and to improve their service and products.

Commenting, Hogan Lovells FinTech Mentor and Fygo relationship lead, counsel Oliver Irons, said: “The global pandemic has totally changed how we live and work, and whilst it has presented many challenges, some positives that can be drawn are the advancement of technology, and innovation to adapt to constantly changing circumstances. The team at Fygo identified a way to support both students and businesses through harnessing their technology, and have worked tirelessly to make their concept a reality. They are deserving recipients of our FinTech Mentor and Momentum Program support package, and it has been hugely interesting and rewarding working with them. We wish them the very best for the pilot in Durham, and look forward to a continuing relationship.”

“Being accepted onto Hogan Lovells FinTech cohort 2020 was an enormous boost for us. They have provided superb strategic advice on several of our key business activities. The team’s diligent approach has ensured we are building a product capable of launching and scaling quickly. Being amongst top European start-ups has inspired us to sharpen our product’s value proposition and continue putting everything we have into building something people want!” said Jonah Lowenstein, Co-Founder at Fygo.

For further information about Hogan Lovells FinTech Mentor and Momentum Program, see here.

Businesses will be onboarded from March 2021, and the app is expected to launch to students in early April. Businesses can find out more via blog, podcast or video. Students can join the waiting list here.