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UMAX Development Formation
Oct 05, 2015
OTC Disclosure & News Service
Henderson, NV -
Press Release: 10/5/15
The CEO Ian Dixon (UMAX) has signed documentation for the formation of UMAX Development LLC in Utah in conjunction with the General Contractor Brad Gil of Harmony Homes as per the joint venture agreement terms and conditions previously negotiated. The filing of the LLC will officially launch the UMAX operations in UTAH to develop its general contracting division. UMAX Development LLC has already identified various projects to undertake. The general contractor will now officially run the day to day operations via UMAX Development LLC in which UMAX of Nevada hold a 51% ownership in the LLC. This in turn will produce revenue for UMAX Nevada in the coming months. In light of the need to build the general contractor division and other divisions of the company, UMAX board has decided to create B Class Preferred Shares Offering to raise capital for said growth, it intends to have a higher conversion rate of 5:1 common on the B Class Preferred Shares to offer to accredited investors hopefully raising $2,000,000 USD for already identified projects. This will allow the company to move forward in growth and future earnings for its shareholders in general.
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.
Float 124,400,000 a/o Sep 22, 2015
umax.png (verkleinert auf 45%)
http://www.otcmarkets.com/stock/UMAX/news
UMAX entered into a master distribution agreement, this strategic relationship leverages UMAX opportunities to obtain solar panels and technology at significantly reduced pricing, normally, only available to solar manufacturing companies, this will allow UMAX a significant advantage in the future on bidding projects.
UMAX CEO, Ian Dixon, is quoted as saying, “this is an enormous strategic, financial and profitable opportunity for UMAX CORP and its divisions”. Dixon, also, told sources, “The Master Distributor agreement held by UMAX Corp will generate profitable revenues and other strategic alliances. These will come through spin-off contracts not only with Solar Panel Distributors within the United States but also with selected distributors in Central and South America.” Regional distributors throughout the Americas will allow the UMAX SOLAR and UMAX Development, LLC to offer clients best pricing on high-quality solar panels, technology and capacity to install system commercially as small as 50 KW up to a 1 to 20 megawatt systems.
Beginning in 2016, the UMAX real estate and solar divisions will accept contracts of commercial and residential installs. While UMAX Development--real estate division-- pursues integration of Solar in its “I” home concept, UMAX Solar will engage public companies offering municipality’s solar power capacity with installations of megawatt systems within small to medium, and/or, underserved communities. UMAX Solar, also, will provide and facilitate municipalities with larger installs and a PPA (Power Purchase Agreement). UMAX CORP is pursuing feasibility options for construction and connection cost to the various grid systems.
With the passion and enthusiasm of a visionary, CEO Dixon is quoted, “this is all in line with UMAX growth strategies, we gather people first then money later, we will begin negotiations with master electricians to potential joint venture with them, along with them licenses and qualifications needed to operate. We are here for the long haul. We are not going anywhere and we intend to earn profits for the company and put a healthy return back in the hands of our shareholders.” Dixon states the company is on track and is making steady forward progress positioning the stock company to meet and exceed business goals for 2016.
“It is important to advance the company in the renewable energy sector”, said Dixon. With significant experience in the Solar Industry, Dixon shared his vision with staff, partners and investors that the UMAX intention is to ultimately position itself to own, and operate a UMAX solar R&D division exploring and forwarding new applications for solar efficiency and effectiveness. “We have only just run our hand across the tip of this enormous iceberg called Solar. We have much to accomplish to set the stage for securing our stock and the UMAX Corp position within the solar industry, but make no mistake, we are committed and UMAX is here to stay.” The company continues to offer accredit investors the opportunity to become part of a growing green energy company for further information on this please email info@umaxcorp.com
See attachment: PDF Agreement
This release includes additional documents. Select the link(s) below to view.
Solar Distribution Agreement Content Only.pdf
Copyright © 2016 OTC Markets. All Rights Reserved
Item 1.01 – Entry into a Material Definitive Agreement
UMAX Group Corp entered into a term sheet agreement and later a full agreement to purchase shares up to 10,000,000 USD over 24 month’s period based on the terms and conditions set forth in the agreement. Once the company becomes fully reporting said EZ Pass facility is available.