The new management of Majic Wheels Corp (OTCMKTS:MJWL) will apply with OTC Markets on April 30, 2021. The filing will help the company to become OTC Pink Current by uploading its financial and other disclosures.
The new management took over the control of Majic Wheels following the resignation of its CEO – Denise S. Houghtaling. It will update its profile on the OTC Markets website.
The development stage company – Majic Wheels engages in recycling and junk removal to safeguard the environment, residential/ commercial cleanup, site work, trash hauling, demolition works.
Majic Wheels purchased three roll-off trucks, more than 140 roll-off dumpsters, site clearing equipment like grading tractors, and bobcat in February 2012.
Majic Wheels took over College Hunks Moving franchises in South Florida and College Hunks Hauling Junk in April 2012.
Begins waste management operations
Majic Wheels began waste management operations in 2012 through MW Dumpster Services, Inc, its wholly-owned subsidiary.
The company clinched franchise rights for College Hunks Haul Junk in March 2012. It also took over franchise rights for College Hunks Moving and College Hunks Haul Junk for Lee Counties and Charlotte, based in South Florida.
Established in 2007 in Fort Myers, Florida, Majic Wheels stock currently trades at $0.00780 (up 85.71%) on May 1, 2021.
It refers to the collecting, treatment, transportation, and disposal of sewage, garbage, and other wastes. The increased globalization and surge in the population improves the volumes of waste.
The market for waste management depends on service, type of waste, and the area. Other companies engaged in waste management are Clean Harbors, Inc., Biffa Group, and Hitachi Zosen Corporation.
Embarks on the distribution of radio controlled toys
Majic Wheels plans to diversify into the production and distribution business of radio-controlled toy vehicles. The company will utilize its patented technology to enable the vehicle climbing vertical and inclined surfaces.
Unlike other remote-controlled toys, it will add vertical surfaces to the dimensions for entertainment and play. The product will have the capability to climb the steep walls and without falling.
The company targets to entertain kids in 6 and 12 years using its radio-controlled toys. It will offer toys in various models and designs to offer unlimited entertainment to youth.