Press Release
UMAX SIGNS 10M USD EZ Pass FACILITY
UMAX CORP has completed agreements with Blackridge Capital for a $10M, USD EZ Pass Facility. This agreement allows UMAX to aggressively move forward in 2016 developing and/or partnering on projects offering excellent ROI for UMAX shareholders and partners. (Subject to the terms of the agreement).
The UMAX CEO, Ian Dixon, says, “UMAX CORP will begin talks with both institutional and private accredited investors willing to partner with the company” Dixon says UMAX Corp will consider equity partnerships that are mutual win-wins and benefit UMAX stockholders. UMAX CORP will utilize the funding from the potential draws to leverage investment capital into larger projects-- offering the institution both long-term relationships and income generating properties secured by 1st trust deed and debt servicing capabilities of UMAX’s EZ Pass Facility.
UMAX CORP will begin accepting projects for review, said projects must have viable long term potential and job creation UMAX CORP is a growth company and with the EZ Pass facility, UMAX is poised to launch significant projects in 2016. CEO, Ian Dixon says, “UMAX CORP is in a very positive position and ready to step forward in a huge way in meeting and fulfilling our investors and stockholders expectations for growth and stock value.”
Under the new management and direction of CEO, Ian Dixon, UMAX CORP has actively moved the organization forward from the restructuring phase, with the intention of becoming fully SEC reporting, once again. “It has been a challenging year but, we are excited to relaunch UMAX CORP”, said CEO Dixon. Dixon also related in a meeting with staff and investors that, “UMAX can now research and locate viable income generating projects and partnerships; this is huge for UMAX CORP and for UMAX stockholders. Dixon told the group, “You cannot hurry a good foundation or you risk the collapse of the house. We have a good and solid foundation and, now, we are ready to build! Structuring the corporation for future growth opportunities is time consuming and we have been patient to ensure our UMAX shareholders are protected, their investment secure and the future bright!”
Additional News
UMAX CORP opened the UMAX Development LLC (UMAXD) Office and bank account in Utah for its joint venture partnership with Harmony Homes/Brad Gill General Contractor. For accounting purposes, UMAX D began operations effective the first week of January 2016. In the coming quarterly reports, UMAX expects to move both the parent company and UMAX Development into full project mode utilizing the general contractor license of Harmony Homes. Revenues for 2016 are very promising and will benefit both UMAX CORP and our joint venture partnership and future project partnerships. (More News to come).
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.