$UMAX PRNewswire/ -- UMAX Group Corp. (Pink Sheets Alternative Reporting Pink: UMAX) – UMAX and its wholly-owned subsidiary, Home Foam Corporation, would like to announce it is moving to a new facility. The facility is almost twice the size of its current operational footprint. The move is anticipated during the first quarter of calendar year 2021.
Mr. Fletcher (President and CEO of the Company), states…"Home Foam initially moved into its current 12,500 square foot facility off Pecos and Cheyenne, in the industrial corridor of the Las Vegas Valley, during the last quarter of 2019. Home Foam expected this facility would meet its operational needs for several years. It became evident in the middle of 2020, less than nine months into since its formation, that Home Foam would need a much larger facility to meet the growing needs of its current client base as well as potential new client contracts that are being negotiated. These new contracts, which are to be announced in the coming weeks and months, will be a macro change in the top line revenue of Home Foam Corporation. As such, UMAX and Home Foam have signed the necessary lease agreement for the new facility and has a planned move in date on April 1, 2020. This brand-new facility is state of the art and encompasses in excess of 24,000 square feet of office and warehouse space. The new location, which is on Cheyenne Road, right of the busy I-15 industrial corridor, will meet the needs of UMAX and Home Foam for the next couple of years based upon its forecasted revenue growth. It has been a genuinely exciting initial year and a half of operations for the Home Foam management and employees as we strive to meet the increasing demands of our current client base and land new clients moving forward."
Mr. Fletcher (President and CEO of the Company), states…"Home Foam initially moved into its current 12,500 square foot facility off Pecos and Cheyenne, in the industrial corridor of the Las Vegas Valley, during the last quarter of 2019. Home Foam expected this facility would meet its operational needs for several years. It became evident in the middle of 2020, less than nine months into since its formation, that Home Foam would need a much larger facility to meet the growing needs of its current client base as well as potential new client contracts that are being negotiated. These new contracts, which are to be announced in the coming weeks and months, will be a macro change in the top line revenue of Home Foam Corporation. As such, UMAX and Home Foam have signed the necessary lease agreement for the new facility and has a planned move in date on April 1, 2020. This brand-new facility is state of the art and encompasses in excess of 24,000 square feet of office and warehouse space. The new location, which is on Cheyenne Road, right of the busy I-15 industrial corridor, will meet the needs of UMAX and Home Foam for the next couple of years based upon its forecasted revenue growth. It has been a genuinely exciting initial year and a half of operations for the Home Foam management and employees as we strive to meet the increasing demands of our current client base and land new clients moving forward."
