UMAX Group Corp. – General Update
LAS 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 Us
UMAX 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 companies. Additionally, Home Foam cuts foam for packaging inserts for shipping companies as well as geo-foam for highway and road development. The company also manufactures shutters for some of the largest regional home building companies for newly constructed residential homes. The company currently operates a 12,500 square foot warehouse located in Las Vegas, Nevada. The warehouse provides services for over 50 customer and currently has 13 full-time employees. Home Foam has plans to participate in the home building market in the Southwest Unites States during calendar year 2021. The company will eventually develop its own patented building system using EPS Foam products and a patented stucco-based coating. The coating insures higher R-values factors than traditional wood-built residences thus lower energy monthly cost. The company is also continually searching for companies that would expand the footprint in the home building industry for partnerships of acquisition. Mazuma Transportation specializes in the commercial transportation and delivery of cement, dirt, and consumer goods.
Forward Looking Statement
Certain statements that we make may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as believes, expects, anticipates, intends, plans, estimates, projects, forecasts, and future or conditional verbs such as will, may, could, should, and would, as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report and subsequent Flings, which are available on Otcmarkets.com. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events or otherwise.
Source
UMAX Group Corp.
Las Vegas, NV