Houston, Texas, Oct. 01, 2021 (GLOBE NEWSWIRE) — Majic Wheels, Corp. (OTC Pink: MJWL) (“Majic” or the “Firm”), a Delaware company, that’s positioning itself as a participant within the disruptive industries of fintech and software program improvement by the use of acquisitions, broadcasts it has signed a letter of Intent (“LOI”) with Bamboo Wellness Holdings Restricted.
Bamboo Blockchain and Analytics Competency Heart goals to create a holistic healthcare ecosystem that can drive a data-driven decision-making mannequin. Supported by Synthetic Intelligence and Machine Studying, the Bamboo ecosystem goals to drastically bridge the well being safety hole and convey insurance coverage to everybody.
In accordance with a market dimension, share & developments evaluation report by Grand View Analysis: “The worldwide insurtech market dimension was valued at USD 2.72 billion in 2020. It’s anticipated to develop at a compound annual development fee (CAGR) of 48.8% from 2021 to 2028. The growing want for digitization of insurance coverage companies is anticipated to propel the market development. The well being phase led the market and accounted for greater than 24.0% share of the worldwide income in 2020. The growing demand for digital platforms, which join exchanges, brokers, suppliers, and carriers in medical health insurance, is anticipated to gas the demand for the well being phase. Life and well being insurers are specializing in utilizing superior analytics to raised serve and perceive their clients. Quite a few medical health insurance firms are adopting insurtech options to streamline claims processing procedures.”
Supply: https://www.grandviewresearch.com/industry-analysis/insurtech-market
Bamboo’s enterprise mannequin derives its incomes streams from a number of product choices.
- Sensible Contracts for Life & Well being Insurance coverage,
- Sensible Contracts for Agriculture Insurance coverage,
- (RE)Insurance coverage Revenue Commissions Sharing,
- Meals Traceability,
- Community Price,
- Information Insights
“We now have been following Majic’s journey for a while now and couldn’t discover a Firm whose values and mission are extra aligned with ours. Blockchain as a technological infrastructure to create worth for customers and shareholders is a part of our DNA. With this primary step in direction of turning into a part of the Majic household, we anticipate our mixed journey to take us additional and better than we ever imagined after we first began Bamboo” mentioned Ian Lim Teck Quickly, Co-Founder & Government Chairman of Bamboo Wellness Holdings Restricted
“Blockchain is the long run and its profitable implementation within the insurance coverage business is past a doubt probably the most spectacular one to date. Insurance coverage can simply be certified as probably the most technophobic industries. Corporations like Bamboo are a part of the gamers spinning that narrative on its head. Strategically, this transaction can solely additional the Firm’s plan to grow to be a worldwide chief within the Fintech, Blockchain and Know-how house.” Mentioned David Chong, Chief Government Officer of Majic Wheels, Corp.
About Majic Wheels Corp.
Majic Wheels Corp., a Delaware company, intends to place itself as a participant within the disruptive industries of Fintech and software program improvement by the use of acquisitions and mergers. Majic Wheels Corp. is listed and traded on the Over-the-Counter Market below the buying and selling image “MJWL”.
For extra details about the Firm go to:
Our OTC Markets Profile: https://www.otcmarkets.com/stock/mjwl/overview
Our web site is: https://majiccorp.co/
Our Twitter account is: https://twitter.com/MajicCorp
Our Discord: https://discord.gg/apolloassets
About Bamboo Wellness Holdings Restricted
Bamboo Blockchain and Analytics Competency Heart goals to create a holistic healthcare ecosystem that can drive a data-driven decision-making mannequin. Supported by Synthetic Intelligence and Machine Studying, Bamboo ecosystem will drastically bridge the well being safety hole and convey insurance coverage to everybody. BAMBOO has a powerful basis of algorithms primarily based on Synthetic Intelligence (AI) and Machine Studying (ML) to carry out evaluation of the info. Bamboo will present Information Visualisation and Information Analytic Companies to its companions like Drug Analysis and Manufacturing firms, Govt. Organisations, and Insurance coverage Corporations.
SAFE HARBOR STATEMENT
This press launch comprises forward-looking statements that may be recognized by terminology reminiscent of “believes,” “expects,” “potential,” “plans,” “suggests,” “might,” “ought to,” “may,” “intends,” or comparable expressions. Many forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which will trigger precise outcomes to be materially totally different from any future outcomes implied by such statements. These elements embody, however usually are not restricted to, our capability to proceed to boost our merchandise and methods to handle business modifications, our capability to develop our buyer base and retain current clients, our capability to successfully compete in our market phase, the shortage of public data on our firm, our capability to boost ample capital to fund our enterprise, operations, our capability to proceed as a going concern, and a restricted public marketplace for our widespread inventory, amongst different dangers. Many elements are tough to foretell precisely and are typically past the corporate’s management. Ahead-looking statements converse solely as to the date they’re made, and we don’t undertake to replace forward-looking statements to mirror circumstances or occasions that happen after the date the forward-looking statements are made.
SOURCE: Majic Wheels Corp.
FOR MORE INFORMATION, PLEASE CONTACT:
David Chong
Electronic mail: info@majiccorp.co
