$UMAX Engagement of a PCAOB Qualified Auditor – On December 28, 2020, UMAX announced the plan to engage a PCAOB qualified auditor, the subsequent completion of an audit of its financial statements, and an up listing to the OTCQB once completed. UMAX is currently set to receive several engagement letters in the next ten days at which such time, we will execute and engagement letter to move forward with the preparation of our audited financial statements. As such, once a PCAOB auditor is engaged in the next two weeks or less, that is will take between sixty (6) and Ninety (90) days to complete the FYE 2020 and 2019 audited financial statements and notes thereto at which such time the application to OTC Market Groups, Inc. will be completed for UMAX to move to the OTCQB.

Mr. Fletcher (President and CEO of UMAX) further stated…"We just wanted to provide this quick update on these announced corporate governance matters so that our public shareholders know we have not forgotten to follow through on these important matters which will most certainly effect the long-term stability of the public market for our Common Stock. We feel these corporate matters are as important to the long-term stability of the market for our common stock as moving forward with negotiations of items of revenue that will affect our future bottom line."

https://www.otcmarkets.com/stock/UMAX/news/st...id=1787733