Business
Majic Signs LOI to Acquire Majority Interest in PCEX Cryptocurrency Exchange
Majic Signs LOI to Acquire Majority Interest in PCEX Cryptocurrency Exchange.
About this update from Majic Wheels Corp.
[{"type":"text","content":"\n Houston, Texas, Oct. 14, 2021 (GLOBE NEWSWIRE) -- 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 has signed a letter of Intent (“LOI”) to acquire, through its fully owned Subsidiary CGCX, a majority interest in PCEX, a Cryptocurrency Exchange & Trading Platform. Launched by Panaesha Capital, PCEX (https://www.pcex.io) is a cryptocurrency exchange that brings a novel approach to the digital currency market. PCEX is the first crypto broker in India to introduce the B2B Franchise Model in the cryptocurrency market. PCEX has succeeded in creating a network of 250+ franchises and 40+ satellite offices in different regions of India. PCEX’s unique Business Model allows interested applicants to complete a simple yet mandatory KYC process to become a PCEX Trading Member with unparalleled benefits such as:  Higher Liquidity Unmatched % of revenue share Design & Development of Web and Mobile Platform IT & Technical Support Server Setup Wallet Integration Marketing Assistance  “Cryptocurrencies are not just an innovation; they represent a revolution and, in our opinion, a catalyst to the global fintech industry. We envisioned a business model within an industry that is growing exponentially but also caters to entrepreneurs and businesses looking to establish a footprint in the crypto space. Our franchise model is the culmination of that vision.”  said Sandeep Phogat, CEO & Founder of Panaesha Capital Exchange.  “The combination of Majic’s CGCX expertise and PCEX novel approach and scalable model will further Majic’s ambition to firmly establish itself as a Fintech & Technology leader in India.” said David Chong, Chief Executive Officer of Majic Wheels, Corp. 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...