Archive for the ‘Majic Wheels Corp. MJWL’ Category

MajicWheels, Inc.’s (MJWL.OB) Car gets Indication of Interest from Worldwide Distributor

Tuesday, October 27th, 2009

MajicWheels Inc., a leading developer of all surface climbing toy cars, reports that that a major worldwide distributor of toys has indicated an interest in assisting in the manufacturing and distribution of the company’s toy vehicles. Current discussions include final product details of the toy vehicles and information from advanced market research. The MajicWheels prototype can be seen by visiting http://www.youtube.com/majicwheels.

MajicWheels CEO Asher Zwebner commented on recent developments, “We are confident that selecting the right partner can propel our company to great heights and make our remote-control vehicles into household items. Several companies have shown a great deal of interest in vehicles’ technology. MajicWheels technology is attracting the interest of some of the world’s leading toy distributors.”

MajicWheels’ patented technology currently enables its remote-controlled cars to traverse a variety of surfaces, including climbs that are steep, completely vertical or inverted which includes walls or ceilings. The company has innovative patented climbing technology which it intends to leverage to become a leader in the climbing device radio-controlled toy car market. The company’s products are targeted to the 6-12 year-old age bracket and offer a variety of colors and designs.

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Majic Wheels, Inc. (MJWL.OB) Investigates Security and Military Applications for its Patented Adhesive Technology

Monday, July 20th, 2009

MajicWheels Inc., a leading developer of gravity defying remote-controlled toy cars, announced this morning that the company is investigating additional applications in the areas of security and military for its patented climbing device technology.

Currently, MajicWheels holds the rights for two patents: a fully-approved patent in Israel and a similar patent-pending application in the U.S. The company’s patented technology enables remote-controlled cars to navigate a diversity of surfaces, including those that are steeply inclined, completely vertical, or even inverted.

“MajicWheels technology is now being studied for its use in various fields,” stated MajicWheels CEO Asher Zwebner. “The adhesive already enables us to make great toys, and we believe that the climbing capabilities of our remote-controlled cars can eventually be utilized throughout several other areas. In particular, we are now studying the use of the adhesive to aid in security applications for buildings and reconnaissance gathering military applications.”

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Majic Wheels Corp. (MJWL.OB) Is ‘Climbing the Walls’

Friday, July 17th, 2009

Majic Wheels Corp. is focused on bringing innovation to the toy industry marketplace, specifically the radio-controlled toy car market. The company has introduced a groundbreaking, patent pending climbing device that allows radio-controlled toy cars to go up a wall, across the ceiling, and down the other side.

In a press release, Majic Wheels’ CEO Asher Zwebner explained, “While most cars just start spinning their wheels helplessly at the base of a wall, for MajicWheels that is where the fun begins. MajicWheels climbs walls and ceilings, leaving most remote-controlled cars behind.”

The toy industry is a huge industry worldwide. In 2006, the global toy industry generated revenues of $67 billion. In the period between July 2006 and June 2007, the toy market generated revenues of $22.5 billion in the United States alone. So we aren’t just talking about ‘kid stuff’.

In the United States, toy vehicles are considered to be one of the most promising categories. This category alone accounted for nearly 10% of all toy revenues generated in the United States from the July 2006 – June 2007 period – $2.2 billion total.

This figure, combined with the toy vehicle market’s substantial annual growth rate of approximately 10%, highlights the vast market potential for the company’s new innovative product. Majic Wheels’ annual sales goal of $21 million within five years seems to be readily achievable.

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Majic Wheels Corp. (MJWL.OB) Climbing the Walls as Prototype Nears Completion

Monday, July 13th, 2009

Long gone are the days when remote-controlled toy cars got hung up on rocks, smacked into a wall, or rolled over because of a crack in the sidewalk. As technology advances at a rapid pace for every industry under the sun, toys are not to be left out.

Majic Wheels develops radio-controlled toy cars centered on patented climbing device technology that will forever change the landscape for toy cars, raising the bar for remote-controlled toys. Majic Wheels, as the name implies, is working on the development of a wall and ceiling climbing toy car. On track for its mission to become a leading player in the toy car market, the company recently announced it is working on the final stages of prototype development.

“MajicWheels is going to offer functionality that children-and even adults-only wish that their current remote-controlled cars could achieve,” MajicWheels CEO Asher Zwebner stated in the press release. “While most cars just start spinning their wheels helplessly at the base of a wall, for MajicWheels that is where the fun begins. MajicWheels climbs walls and ceilings, leaving most remote-controlled cars behind.”

The company utilizes patented technology to create a remote-controlled toy that can climb steep inclines, as well as vertical or inverted surfaces. Majic Wheels plans on offering a range of vertically unchallenged cars on a global scale.

“We are pleased that our prototype has entered the final development stages and look forward to offering our products in a variety of shapes, colors and sizes in 2010,” Zwebner added.

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Majic Wheels Corp. (MJWL.OB) is Planning To Go Vertical

Thursday, July 9th, 2009

Majic Wheels Corporation has come up with perhaps the slickest new idea in toys since the invention of the hula hoop. The recently founded company plans to develop, manufacture, and market the world’s first radio-controlled toy car that will climb vertical walls and even run on ceilings. How does it work? The company will only say so much, but they currently have a patent pending on the groundbreaking climbing device technology, and claim to already have a working prototype which they plan to turn into a full-fledged retail product.

The potential market power of such a device is hard to exaggerate. As any parent will tell you, kids rapidly get bored with even the most expensive radio controlled toy vehicles. After all, they go forward, backward, left, right, and that’s about it. Beyond tormenting the pet cat or dog, the combination of things to do runs thin very quickly. But providing a vertical component adds an entirely new dimension to the list of possibilities.

Majic Wheels holds exclusive sublicensing, marketing, and patent-pending rights for the technology, and, as such, holds a key to one of the most promising categories in the entire $67 billion global toy market. Toy vehicles account for 10% of all toy revenues in the U.S. and continue to experience one of the biggest growth rates. As a result, the company’s annual sales goal of $21 million within 5 years is no empty dream, and initial investment money has already begun to move in. To date, approximately $300,000 has been invested in connection with the product, and the company has recently completed an initial public offering of 2 million shares, which increases the total number of shares outstanding to 10 million.

Although it is expected to take a couple of years for revenue to overtake initial costs, the effect on share price of such a successful product introduction would be huge. Let’s just say that if final product development and introduction go as expected, their little toy car won’t be the only thing that goes vertical.

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Majic Wheels Corp. (MJWL.OB) is “One to Watch”

Thursday, July 2nd, 2009

Majic Wheels Corp. is focused on bringing innovation to the industry of radio-controlled toy cars by introducing its groundbreaking, patented climbing device technology. The company aims to become a leading player in the climbing device radio-controlled toy car world, offering models in multiple aesthetically pleasing designs and a variety of colors. With the U.S. toy market generating a total of $22.5 billion a year and approximately 10% of those revenues secured by toy vehicles, Majic Wheels is targeting one of the most promising categories.

Majic Wheels has taken the classic remote control car one step further, designing remote controlled cars capable of going up a wall, across the ceiling and down the other side. The company currently holds the rights for two climbing device patents. A patent-pending application exists in the U.S. and an approved patent has been registered in Israel. By using its advanced technology and innovative developments, the company intends to gain a sustainable advantage over competitors and introduce the next hot tech toy.

The company is currently in the final stages of prototype development and projects introduction to the market next year. Initially, Majic Wheels plans to market its unique product and generate revenues through internet distributors specializing in children toys. Once positive market acceptance is confirmed, the company will gradually move to the mass production phase while it develops marketing and distribution channels to strategically create demand for its product in the U.S., Europe and Asia.

Asher Zwebner, President and CFO, is dedicated to leading the company with his years of management experience. In addition to his role as CEO of Majic Wheels, he also serves as CFO of SinoBiomed Inc. and PCMT Corporation. Previous to his current positions, Mr. Zwebner served as the Chief Financial Officer of SMC Ventures.com, a strategic consulting firm, and Britanica.com, an educational software company. A CPA in Israel and the United States, Mr. Zwebner has also served as senior manager at the Israeli branch of Ernst & Young International.

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