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