Press Release: May 24, 2017
Shareholder Update:
UMAX Group Corp (“UMAX”) has engaged an auditor to prepared the financials for fiscal year ended April 30, and 2016 (2-year audit) with the goal off filing a Form S-1 Registration Statement (“Form S-1”) with the Securities and Exchange Commission (the “SEC”). The goal of the filing of the Form S-1 is to once again provide transparency to the market, but to also become a fully reporting company. Furthermore, a consulting firm has been hired and paid to prepare the preliminary draft of the Form S-1 which upon completion will be reviewed by our recently retained SEC attorney prior to filing. The company is moving forward to becoming fully reporting once again subject to the comments and SEC effectiveness. It is the intention of the company to complete the process within the next 4-6 months hopefully, again subject to comments from the SEC.
The CEO Ian Dixon quotes, “It has been a long road with positive momentum, however, we feel the filing with the SEC will allow us to not only gain added shareholder confidence, but will open the door for future capital and new projects. As to the future and new projects, the company is already looking to open its new office in UTAH with the General Contractors Division to do solar and other commercial projects, and the mining division will soon be opening a drilling and exploration company. The future looks bright”.
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.