Remote-Controlled Toy Car can Traverse Walls and Ceilings
TEL AVIV, Israel, October 26 /PRNewswire-FirstCall/ -- MajicWheels Inc.
(OTC: MJWL), a leading developer of gravity defying remote-controlled toy
cars, announced today that a major worldwide distributor of toys has
displayed interest in aiding in the manufacture and distribution of the
company's toy vehicles.
Ongoing discussions are focusing on final details relating to the look
and feel of the toy vehicles based on advanced market research. The
MajicWheels prototype can be seen in action at
http://www.youtube.com/majicwheels.
MajicWheels' patented technology currently enables its remote-controlled
cars to traverse a variety of surfaces, including those that are steeply
inclined, completely vertical, or even inverted altogether such as walls or
ceilings. 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," said MajicWheels CEO Asher Zwebner. "We are
confident that selecting the right partner can propel our company to great
heights and make our remote-control vehicles into household items."
About MajicWheels
MajicWheels brings innovation to the industry of radio-controlled toy
cars through its groundbreaking, patented climbing device technology.
MajicWheels intends to become a leading player in the climbing device radio-
controlled toy car world, offering countless hours of fun to youth in the 6-
12 year-old age bracket. Models will be offered in several aesthetically
pleasing designs, and a variety of colors. Learn more about MajicWheels at
http://www.majicwheels.com.
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. All forward-looking statements
are inherently uncertain, based on current expectations and assumptions
concerning future events or future performance of MajicWheels and its
technologies. In evaluating such statements, prospective investors should
review carefully various risks and uncertainties identified in this release,
as actual results may differ materially from those indicated in the
forward-looking statements. MajicWheels' public filings may be viewed at
http://www.sec.gov.
SOURCE MajicWheels Inc.
Contact: Alex Traiman, Media Relations, +1-646-863-9729; Asher Zwebner, CEO,
+972-54-464-6363, asher@fxmng.com
