Business
General Update
General Update.
About this update from Umax Group Corp
[{"type":"text","content":"UMAX Group Corp. – General UpdateLAS VEGAS (OTC Markets) March 29, 2021 - UMAX Group Corp. (the “Company” or “UMAX” - Pink Sheets Alternative Reporting Pink: UMAX) – UMAX would like to announce its third quarter ended January 31, 2021 financial results and future movement into a new industry.Mr. Fletcher (President and CEO of the Company), states…”We are pleased to announce top end revenues for the 3rd quarter ended January 31, 2021 of just under $400,000 USD. Even though we did not acquire Home Foam Corporation until the end of November 2021, UMAX have a strong quarter of revenue with only a negligible loss for the quarter ended. Additionally, with the acquisition of Home Foam and Mazuma Transportation, UMAX now has significant assets on its balance sheet which shows the quality of acquisition that the new management team is looking at moving forward. ”UMAX is still in the process of closing several acquisitions by the end of this quarter in the industries in which they are currently operating. We are also in final negotiations for the acquisition of some significant media assets that will include production concerns that focus on making content for placement on providers such as Netflix as well as various music related endeavors with top artists in the industry.Mr. Fletcher further stated…”We expect to make major acquisitions as this year progresses that will add top line revenue to UMAX. Additionally, we expect to close several long-term contracts that will add multiples of revenue quarterly from our already existing wholly owned subsidiaries. Our ongoing plans are to turn UMAX into a multi-company operation with an eye towards top line revenue growth.”About UsUMAX 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...