UMAX GROUP CORP. – Engagement of PCAOB Auditor
UMAX Group Corp. announced plans to engage a PCAOB auditor to audit its financial statements for the year ending April 30, 2021. This action is intended to prepare for an application to up-list to the OTCQB and remove its current 'Shell Status' with OTC Markets. CEO Mr. Fletcher emphasized that this step is crucial for enhancing corporate transparency and positioning the company for strategic acquisitions, which are expected to boost revenue. The engagement letter with the auditing firm is anticipated to be signed in January 2022.
- Engaging a PCAOB auditor to enhance credibility and transparency.
- Plan to remove 'Shell Status', which could attract more investors.
- Expected strategic acquisitions that may increase revenue.
- None.
LAS VEGAS, NV / ACCESSWIRE / January 11, 2022 / UMAX Group Corp. (OTC Markets:UMAX), would like to announce that the Company plans on engaging a PCAOB Auditor to audit its FYE April 30, 2021, Financial Statements and Notes thereto with a view to making application with OTC Markets, Inc. ("OTC Markets") for public quotation on the OTCQB. The Company plans on executing this engagement letter with the auditing firm during the month of January.
Mr. Fletcher (President and CEO of the Company), states…"This is the last piece of corporate action that needs to be completed to make the Company a fully functional and transparent publicly traded entity. We feel that this will allow us to make ongoing strategic acquisitions that will show top line revenue and bottom-line income that the investing public can trust to be accurate in its reporting on an ongoing basis."
The preparation of FYE April 30, 2021, audited financial statements and notes thereto will allow the Company to immediately make direct application to OTC Markets for an up list to the OTCQB. The Company will also request that OTC Markets remove the "Shell Status" on the Company which can be seen directly on our landing page with OTC Markets and will allow us to make some strategic acquisitions that are about to be completed.
Mr. Fletcher further stated…"We believe the audit and the removal of the Shell status with OTC Markets will bring in a whole new level of market activity and strength for our common stock on the OTC Market quotation system. We also believe it will bring in many new investor eyes on our Company as we start to announce a series of material acquisitions that are now in final negotiations. Again, all of the corporate structural improvements (e.g., including the previously announced cancellation of 500,000,000 shares of Common Stock and the lowering of the authorized to 500,000,000 shares of Common Stock), including the actions announced today, will not only assist us in our strategic business plan of action but will also bring increased market activity which will be a direct benefit to our current and future shareholder base."
About Us
UMAX Group Corp. is a Nevada corporation, is a public-quoted Pink Sheet issuer under the ticker symbol "UMAX". UMAX reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings (E.g., "Pink Sheet Current").
Disclaimer Regarding Forward Looking Statements
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.
Company Information:
UMAX Group Corp.
2020 Bay Avenue
Los Angeles, California 90021
Web: New website under construction
Website: https://funnymediagroup.com/
Instagram: https://www.instagram.com/funnymediagroupofficial/?hl=en
YouTube:https://www.youtube.com/c/FunnyMediaGroup
Investor Relations: Jack Zietz
Email: investors@umaxgrpcorp.com
SOURCE: UMAX Group Corp.
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