$TMXN
EXTENSIVE UPDATE FROM COMPANY
Trimax Corp. (TMXN) Addresses Recent Filings, and Work in Progress
DUBAI, EMIRATES / ACCESSWIRE / April 23, 2015 / Trimax Corporation (PINKSHEETS: TMXN) is providing this general update to its followers regarding TMXN recent filings and various corporate actions the TMXN has made.
(1) The China Yacht manufacturing facility. This is not a merger. This is an agreement TMXN has made to produce yachts under a while label program. In other words the China manufacturing company will make the yachts TMXN will sell them under the Trimax brand. Each of these vessels carry a price tag of at least $1 million dollars to as high as $7 million. Our followers should not expect us to sell "yacht a day." That is an unrealistic expectation, however management feels that it can in fact sell a few vessels a year. TMXN enjoys a 150% to 350% mark up so just 1 sale per annum is quite attractive to TMXN bottom line. In preparation of the sales campaign we opened a Valencia Spain sales office. As we launched our sales efforts it became clear that the buyers saw "Made in China" as a deterrent notwithstanding that many items even items like iPhone and American flags are made in China. (Source: http://www.globalsources.com/ST/Made-In-China-101.html) TMXN management made a proposal to the China manufacturing company to acquire all the assets and relocate the entire manufacturing facility to USA (or to a jurisdiction a financier will approve to advance TMXN the necessary funds). To that end in order to finance this asset purchase and relocate to a different jurisdiction or out of China TMXN filed a Reg D Rule 506 http://www.otcmarkets.com/edgar/GetFilingHtml...D=10580481.
(2) As TMXN commenced its Reg D Rule 506 endeavors we commenced dialogue with many accredited investors in Dubai The Emirate’s. As our discussions continue with these accredited investors, this is the primary reason TMXN relocated its offices from Canada to Emirate’s. See news release of July 16, 2014 and April 20 2015 which are self-explanatory. We are pleased to report that we are making progress. Every few weeks, for example April 2 to 7 and upcoming April 30 to May 5 TMXN financing reps revisit new and existing accredited investors in order to advance the process.
(3) The core business of Trimax is the fractional yacht sales. The Company sees Dubai and Valencia as a perfect vacation playground for its products. Obviously USA and N America is the next logical step. The only reason the Company is not doing its business worldwide is the lack of funds to do so and the management’s decision to grow the Company in a normal manageable fashion.
(4) The Agro Commerce and import and export business is a work in progress. Organic farming is a huge industry. USDA does not have official statistics on U.S. organic retail sales, but information is available from industry sources. U.S. sales of organic products were an estimated $28.4 billion in 2012-over 4 percent of total food sales-and will reach an estimated $35 billion in 2014, according to the Nutrition Business Journal. (Source http://www.ers.usda.gov/topics/natural-resour...view.aspx) Again in reliance of Reg D Rule 506http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10580481 we are in talks with other accredited investors to facilitate this project
(5) Stock issuances, stock price, and future dilutions. Many retail shareholders are inquiring about TMXN share structure and our plans to dilute or reverse split the stock. Firstly there are no plans to reverse the stock. There is no reason. This is a development stage Company. Our share structure remains the same and more or less undisturbed since 2012.
Authorized Shares 500,000,000 a/o Mar 08, 2011
Outstanding Shares 335,853,840 a/o Feb 12, 2009
Restricted 285,000,000
Unrestricted 50,000,000
Held at DTC 15,853,840
Float 15,853,840 a/o Feb 09, 2009
We cannot comment on our share price other then to say if our financing and all aforementioned plans come to a fruition or even part of it TMXN will be in a league of its own. Multiple dollar range is quite possible, according to some company backers. Of the 335 Million shares approximately 300 million shares are held by Bayern Industries . Additionally 30 million shares is held by a group of investors since 2012 who have financed TMXN and made many business introductions and opened many doors for the Company. They have held their stock since 2012 and truly view TMXN with a long term investment outlook.
(5) Working hours . We have received inquiries from our N American followers that we do not answer the phone during "regular business hours." TMXN business hours are Valencia Spain and Dubai Emirate’s hours. We are open 7am to 4 Pm CET. In N America this would be less 6 hours so approximately 1am to 9am. We have multiple USA UK Spain and Dubai numbers that point all to our two offices in Spain and Emirates.
(6) It is clear to us that with all these moving parts in TMXN we will need to withdraw our previous 8k filed of March 18 2015 http://www.otcmarkets.com/edgar/GetFilingHtml...D=10572954 and do a much more comprehensive and detailed one.
More details will follow via SEC filings and OTC Markets update shortly, and on more timely basis.
corporate@trimaxcorporate.com
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of TMXN that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. TMXN. cautions you that any forward-looking information provided by or on behalf of TMXN. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. TMXN actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond TMXN control. In addition to those discussed in TMXN press releases, public filings, and statements by TMXN management, but not limited to, TMXN estimate of the sufficiency of its existing capital resources, TMXN ability to raise additional capital to fund future operations, TMXN ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match TMXN capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. TMXN does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
SOURCE: Trimax Corporation
<<<< End of TMXN Update >>>>
Stilted language results from Chinese translation provided by Company
Until
EXTENSIVE UPDATE FROM COMPANY
Trimax Corp. (TMXN) Addresses Recent Filings, and Work in Progress
DUBAI, EMIRATES / ACCESSWIRE / April 23, 2015 / Trimax Corporation (PINKSHEETS: TMXN) is providing this general update to its followers regarding TMXN recent filings and various corporate actions the TMXN has made.
(1) The China Yacht manufacturing facility. This is not a merger. This is an agreement TMXN has made to produce yachts under a while label program. In other words the China manufacturing company will make the yachts TMXN will sell them under the Trimax brand. Each of these vessels carry a price tag of at least $1 million dollars to as high as $7 million. Our followers should not expect us to sell "yacht a day." That is an unrealistic expectation, however management feels that it can in fact sell a few vessels a year. TMXN enjoys a 150% to 350% mark up so just 1 sale per annum is quite attractive to TMXN bottom line. In preparation of the sales campaign we opened a Valencia Spain sales office. As we launched our sales efforts it became clear that the buyers saw "Made in China" as a deterrent notwithstanding that many items even items like iPhone and American flags are made in China. (Source: http://www.globalsources.com/ST/Made-In-China-101.html) TMXN management made a proposal to the China manufacturing company to acquire all the assets and relocate the entire manufacturing facility to USA (or to a jurisdiction a financier will approve to advance TMXN the necessary funds). To that end in order to finance this asset purchase and relocate to a different jurisdiction or out of China TMXN filed a Reg D Rule 506 http://www.otcmarkets.com/edgar/GetFilingHtml...D=10580481.
(2) As TMXN commenced its Reg D Rule 506 endeavors we commenced dialogue with many accredited investors in Dubai The Emirate’s. As our discussions continue with these accredited investors, this is the primary reason TMXN relocated its offices from Canada to Emirate’s. See news release of July 16, 2014 and April 20 2015 which are self-explanatory. We are pleased to report that we are making progress. Every few weeks, for example April 2 to 7 and upcoming April 30 to May 5 TMXN financing reps revisit new and existing accredited investors in order to advance the process.
(3) The core business of Trimax is the fractional yacht sales. The Company sees Dubai and Valencia as a perfect vacation playground for its products. Obviously USA and N America is the next logical step. The only reason the Company is not doing its business worldwide is the lack of funds to do so and the management’s decision to grow the Company in a normal manageable fashion.
(4) The Agro Commerce and import and export business is a work in progress. Organic farming is a huge industry. USDA does not have official statistics on U.S. organic retail sales, but information is available from industry sources. U.S. sales of organic products were an estimated $28.4 billion in 2012-over 4 percent of total food sales-and will reach an estimated $35 billion in 2014, according to the Nutrition Business Journal. (Source http://www.ers.usda.gov/topics/natural-resour...view.aspx) Again in reliance of Reg D Rule 506http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10580481 we are in talks with other accredited investors to facilitate this project
(5) Stock issuances, stock price, and future dilutions. Many retail shareholders are inquiring about TMXN share structure and our plans to dilute or reverse split the stock. Firstly there are no plans to reverse the stock. There is no reason. This is a development stage Company. Our share structure remains the same and more or less undisturbed since 2012.
Authorized Shares 500,000,000 a/o Mar 08, 2011
Outstanding Shares 335,853,840 a/o Feb 12, 2009
Restricted 285,000,000
Unrestricted 50,000,000
Held at DTC 15,853,840
Float 15,853,840 a/o Feb 09, 2009
We cannot comment on our share price other then to say if our financing and all aforementioned plans come to a fruition or even part of it TMXN will be in a league of its own. Multiple dollar range is quite possible, according to some company backers. Of the 335 Million shares approximately 300 million shares are held by Bayern Industries . Additionally 30 million shares is held by a group of investors since 2012 who have financed TMXN and made many business introductions and opened many doors for the Company. They have held their stock since 2012 and truly view TMXN with a long term investment outlook.
(5) Working hours . We have received inquiries from our N American followers that we do not answer the phone during "regular business hours." TMXN business hours are Valencia Spain and Dubai Emirate’s hours. We are open 7am to 4 Pm CET. In N America this would be less 6 hours so approximately 1am to 9am. We have multiple USA UK Spain and Dubai numbers that point all to our two offices in Spain and Emirates.
(6) It is clear to us that with all these moving parts in TMXN we will need to withdraw our previous 8k filed of March 18 2015 http://www.otcmarkets.com/edgar/GetFilingHtml...D=10572954 and do a much more comprehensive and detailed one.
More details will follow via SEC filings and OTC Markets update shortly, and on more timely basis.
corporate@trimaxcorporate.com
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of TMXN that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. TMXN. cautions you that any forward-looking information provided by or on behalf of TMXN. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. TMXN actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond TMXN control. In addition to those discussed in TMXN press releases, public filings, and statements by TMXN management, but not limited to, TMXN estimate of the sufficiency of its existing capital resources, TMXN ability to raise additional capital to fund future operations, TMXN ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match TMXN capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. TMXN does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
SOURCE: Trimax Corporation
<<<< End of TMXN Update >>>>
Stilted language results from Chinese translation provided by Company
Until
