ZICIX AND ASIA BASED CONSTRUCTION GROUP AGREES TO FORM A CONSTRUCTION MANAGEMENT COMPANY

Rhea-AI Summary

ZICIX Corporation (OTC Pink: ZICX) announced a strategic merger with LA Global Construction and Development, Inc. to form the ZICIX-LA GLOBAL Construction Management Group, Inc.. This partnership aims to enhance project management services across various sectors including healthcare, renewable energy, and infrastructure projects valued at approximately $800 million. The merger positions ZICIX favorably in construction management, with its subsidiary CTIP First Investment, Inc. remaining focused on developing public-private partnership projects.

Positive

• Merger with LA Global expected to enhance project management capabilities.
• Portfolio includes projects worth approximately $800 million.

Negative

• None.

Carson City, NV, Nov. 28, 2022 (GLOBE NEWSWIRE) -- ZICIX Corporation’s (OTC Pink: ZICX) Chairman, Mr. William A. Petty has received a recent report from its ZICIX President, Mr. Fernando M. Sopot that in principle, ZICIX Corporation, and one of Asia’s largest construction company LA Global Construction and Development, Inc. agrees to merge or join forces together, to form ZICIX-LA GLOBAL Construction Management Group, Inc.

Construction management is a professional service that provides project owners with effective management of the project’s schedule, cost, quality, safety, scope and function. Construction management is compatible with all project delivery methods. No matter the arrangements, ZICIX-LA GLOBAL Construction Management Group is responsible to the Project Owner and to the successful completion of the Project. The Construction Manager monitors the progress of the work daily and makes at least a weekly development report of the construction of the project being undertaken by a General Contractor.

ZICIX’s operating company, CTIP First Investment, Inc. (CTIP-FII), will remain the Project Developer of infrastructure projects awarded to it, and shall be assisted by a Construction Management Company on the daily progress of the work.

ZICIX + CTIP-FII is currently having in its portfolio, managing projects to the tune of about $800 million, involving construction of buildings, hospitals, public road projects, renewable energy, and the support to various Ministry of Health (MOH) in several countries for their Disaster Preparedness Plan, by supplying emergency vehicles to the Local Government Units (LGUs) through MOH.

About the Corporations:

ZICIX Corporation (OTC Pink: ZICX) – Originally founded as a service provider to the Healthcare industry, the ZICIX Corporation has recently been restructured with the intention of acquiring and developing technology applications designed for service companies in consumer, retail, and other industries. www.ZicixGroup.com.  

CTIP First Investment, Inc. (CTIP-FII), a subsidiary and operating company of ZICIX Corporation. It is a private investment and providing investment banking services focused on Public-Private-Partnership (PPP) mode, and project development services, involved in undertaking development projects for both the Government and the Private Sectors respectively. CTIP-FII designs and brings the right financial engineering to project owners and creditors to fund development undertakings and permanent mortgage. www.ctip-fii.com.

Safe Harbor Act:  This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking Statements” describe future expectations; plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan or planned”, “will” or “should”, “expected”, “anticipates”, “draft”, eventually”, or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the “forward-looking statements” because of various factors, and other risks identified in a company’s annual report.

For additional information: Visit our website at www.ZicixGroup.com or call 830.331.0031. We are also on Twitter @ZICIXCorp.

FAQ

What is the recent merger involving ZICX?

ZICIX Corporation has merged with LA Global Construction and Development, Inc. to create the ZICIX-LA GLOBAL Construction Management Group, Inc.

What is the value of projects managed by ZICIX?

ZICIX currently manages projects worth approximately $800 million.

What sectors are impacted by the ZICX and LA Global merger?

The merger impacts sectors such as healthcare, renewable energy, and infrastructure.

Who reported the merger news for ZICIX?

The merger news was reported by ZICIX President, Mr. Fernando M. Sopot.

What is the stock symbol for ZICIX Corporation?

The stock symbol for ZICIX Corporation is ZICX.