MAJIC WHEELS CORP Financials

PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue -   -   -   -  Cost of Revenue -   -   -   -  Gross Profit -   -   -   -  Operating ExpensesResearch Development -   -   -  6  Selling General and Administrative5  11  6  10  Non Recurring -   -   -   -  Others3  3  3  3  Total Operating Expenses -   -   -   -  Operating Income or Loss(8)(14)(9)(19)Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -  1  Earnings Before Interest And Taxes(8)(14)(9)(18)Interest Expense -   -   -   -  Income Before Tax(8)(14)(9)(18)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(8)(14)(9)(18)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   - &nbs...
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MAJIC WHEELS CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. As used in this quarterly report on Form 10-Q, references to the "Majic Wheels Corp," Company," "we," "our" or "us" refer to Majic Wheels Corp. unless the context otherwise indicates. Forward-Looking Statements The following discussion should be read in conjunction with our financial statements, which are included elsewhere in this Form 10-Q (the "Report"). This Report contains forward-looking statements which relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. For a description of such risks and uncertainties, refer to our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 27, 2009. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the for...
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Major Worldwide Toy Company Interested in Distributing MajicWheels Car

TEL AVIV, Israel, October 27 /PRNewswire-FirstCall/ -- MajicWheels Inc. (OTC: MJWL - News), 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 MajicWheelsMajicWheels brings innovation to the industry of radio-controlled toy cars through its groundbreaking, patented climbing device technology. MajicWheels intends ...
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Major Worldwide Toy Company Interested in Distributing MajicWheels Car

TEL AVIV, Israel, October 26 /PRNewswire-FirstCall/ -- MajicWheels Inc. (OTC: MJWL - News), 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 MajicWheelsMajicWheels brings innovation to the industry of radio-controlled toy cars through its groundbreaking, patented climbing device technology. MajicWheels intends ...
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MAJIC WHEELS CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. As used in this quarterly report on Form 10-Q, references to the "Majic Wheels Corp," Company," "we," "our" or "us" refer to Majic Wheels Corp. unless the context otherwise indicates. Forward-Looking Statements The following discussion should be read in conjunction with our financial statements, which are included elsewhere in this Form 10-Q (the "Report"). This Report contains forward-looking statements which relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. For a description of such risks and uncertainties, refer to our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 27, 2009. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the for...
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MAJIC WHEELS CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. As used in this Form 10-Q, references to the "Majic Wheels Corp," Company," "we," "our" or "us" refer to Majic Wheels Corp. unless the context otherwise indicates. Forward-Looking Statements The following discussion should be read in conjunction with our financial statements, which are included elsewhere in this Form 10-Q (the "Report"). This Report contains forward-looking statements which relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. For a description of such risks and uncertainties, refer to our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 27, 2009. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking stateme...
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MAJIC WHEELS CORP Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Certain statements contained in this prospectus, including statements regarding the anticipated development and expansion of our business, our intent, belief or current expectations, primarily with respect to the future operating performance of Majic Wheels Corp. and the services we expect to offer and other statements contained herein regarding matters that are not historical facts, are "forward-looking" statements. Future filings with the Securities and Exchange Commission, future press releases and future oral or written statements made by us or with our approval, which are not statements of historical fact, may contain forward-looking statements, because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements speak only as of the date on which they are made. We undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they are made. This Management's Discussion and Analysis or Plan of Operations ("MD&A") section of this Report discusses our results of operations, liquidity and financial condition, and certain factors that may affect our future results. You should read this MD&A in conjunction with our audited financial statements and accompanying notes included in this Report. This plan of operation contains forward-looking statements that involve risks, uncertainties, and assumptions. The actual results may differ materially from those anticipated in these forward-looking statements as a result of certain factors, including, but not limited to, those presented under "Risk Factors" or elsewhere in this Report. Plan of Operation We are a development stage company that has licensed the technology and patent for a radi...
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MAJIC WHEELS CORP Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for MAJIC WHEELS CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MAJIC WHEELS CORP 27-Jan-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only,...
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MAJIC WHEELS CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis and Plan of Operations. USE OF NAMES In this Quarterly Report, the terms "Majic Wheels Corp. ," "Company," "we," or "our," unless the context otherwise requires, mean "Majic Wheels Corp." CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q and other reports that we file with the SEC contain statements that are considered forward-looking statements. Forward-looking statements give the Company's current expectations, plans, objectives, assumptions, or forecasts of future events. All statements other than statements of current or historical fact contained in this Quarterly Report, including statements regarding the Company's future financial position, business strategy, budgets, projected costs, and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "estimate," "plans," "potential," "projects," "ongoing," "expects," "management believes," "we believe," "we intend," and similar expressions. These statements are based on the Company's current plans and are subject to risks and uncertainties, and as such the Company's actual future activities and results of operations may be materially different from those set forth in the forward-looking statements. Any or all of the forward-looking statements in this Quarterly Report may turn out to be inaccurate and as such, you should not place undue reliance on these forward-looking statements. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs. The forw...
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