MAJIC WELCOMES NEW MEMBERS TO ITS BOARD OF DIRECTORS

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Houston, TX, December 23, 2021 (GLOBE NEWSWIRE) – Majic Wheels, Corp. (OTC Pink: MJWL) (“Majic” or the “Company”), a Delaware corporation positioned as a player in the disruptive fintech and software development industries through acquisitions, announces the appointment of new directors on the board of directors.

Majic Wheels Corp warmly welcomes Mr. Sathyanandham Anguswami as Executive Director and COO, Mr. Subramanyeswara Sarma Vempati as Executive Director and CFO, Mr. Kottarapattil Asok Don as Executive Director and CTO and Mr. Amir Dossal as as an independent director.

Mr. Anguswami, Director and COO, brings with him 30 years of fund management experience specializing in technical analysis of global currency futures and options and crypto markets. Since joining CGCX in 2017, Mr. Anguswami has been instrumental in the rapid growth of Calfin Global Crypto Exchange. Previously, he managed a member firm of the Dubai Gold and Commodities Exchange for about a decade and had successfully launched a Sharia-compliant managed commodities account, the first of its kind for gold futures in the region. Mr. Anguswami’s primary role will be to maximize the synergies of the Company’s contemplated acquisitions.

As Chief Financial Officer of Majic, Mr. Vempati will lead a leading finance and accounting team to implement prudent financial strategies to accelerate business expansion and profitable growth. Mr. Vempati is currently CFO of CGCX and prior to that he was CFO at Octagon International, Dubai, United Arab Emirates. He also has training and experience as an Investment Analyst through his previous roles at Al Rostamani Capital, Dubai, United Arab Emirates and as a Research Analyst at Anush Shares and Securities, Chennai, India. Mr. Vempati’s extensive experience in fast growing companies and his solid background in audit and financial control will be valuable assets in the next stages of Majic’s development.

Mr. Don brings deep technical experience to the team with his comprehensive experience in blockchain, big data, machine learning, data analytics, multimedia, software architecture design and digital consulting. In addition, he brings new energy in his capacity as CTO to propel Majic into its next phase of growth. Don’s true visionary mindset, combined with the suite of innovative technologies, will drive Majic’s continued investments in fintech.

In addition, Amir Dossal, a UK based public accountant and 25 year United Nations veteran, joined Majic Wheels Corp as an independent director. With numerous global recognitions and laurels to his credit, Dossal will play a decisive role in the development of growth strategies, global expansions to further strengthen internal controls, improve corporate governance and prepare the company for its next stage. growth. He would also be Chairman of the Audit Committee of Majic.

The new team of board directors have a wealth of experience in managing various aspects of global fintech companies, in addition to formulating strategies for the digital transformation of companies. They provide rich insights into strategy, execution, stakeholder management, risk management and regulatory affairs. Their diverse knowledge and expertise will surely help us move forward on our journey into the future.. “said David Chong, CEO of Majic Wheels Corp.

As a Delaware holding company that pushes the boundaries of disruptive fintech and software industries with multiple acquisitions, Majic Wheels Corp continues its successful journey to record growth with a globally recognized and experienced management team.

About Majic Wheels Corp.

Majic Wheels Corp Inc., a Delaware holding company that has positioned itself as a player in the disruptive fintech and software development industries through multiple acquisitions. The company’s first acquisition is the cryptocurrency exchange, cryptocurrency mining farm, and custodial service platform: Calfin Global Crypto Exchange (CGCX). Majic Wheels Corp. is listed and traded on the over-the-counter market under the symbol “MJWL”.

For more information about the Company, visit:

Our OTC market profile: https://www.otcmarkets.com/stock/mjwl/overview
Our website is: https://majiccorp.co/
Our Twitter account is: https://twitter.com/MajicCorp
Our Discord: https://discord.gg/apolloassets

About CGCX Ltd.
Founded in 2018, Calfin Global Crypto Exchange CGCX has set itself the goal of offering a highly sophisticated cryptocurrency exchange for a seamless and secure crypto trading experience. Unlike most exchanges that only offer cryptocurrency exchanges, CGCX caters to the larger blockchain community by providing four services under one platform.

CGCX website: https://www.cgcx.io

SAFE PORT DECLARATION

This press release contains forward-looking statements which can be identified by words such as “believes”, “expects”, “, ‘,”. , “or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from future results implied by such statements. These factors include, but are not limited to limited thereto, our ability to continue to improve our products and systems to cope with industry changes, our ability to expand our customer base and retain existing customers, our ability to compete effectively in our market segment, the lack of public information about our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue our business and a limited public market for our common shares, among other risks. Many factors are difficult to predict with precision and are generally beyond the control of the company. Forward-looking statements speak only as of the date on which they are made, and we do not undertake to update any forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made.

SOURCE: Majic Wheels Corp.

FOR MORE INFORMATION PLEASE CONTACT:

David chong

E-mail: [email protected]



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