In accordance with the terms of Exchange Agreement, on the Closing Date, the Registrant issued certain shares of its common stock in exchange for 100% of the issued and outstanding capital stock of Umicron.
As a result of the Exchange Transaction, Umicron became our wholly-owned subsidiary, and the Registrant acquired its business and operations.
In related news, the Company confirms the appointment of Mr. Luke Ruffell as its President, CEO and Board Chair. With a background in the arts and business marketing, he is currently responsible for all aspects of product development at Makism3D. He was previously a director of Geoh Networks Ltd., a company specializing in fiber network solutions, and was a director of Taper UK Ltd., a private company in the tobacco sector. Mr. Ruffell studied Product Design while attending Ravensbourne University and Architecture at De Montfort University.
Additional information regarding the Company and its products can be found at: www.makism3d.com.
Details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer with the Securities and Exchange Commission ("SEC") available at www.sec.gov.
About Makism 3D Corp. (
Makism 3D Corp. is a 3D printer manufacturer based in Cambridge, United Kingdom. Its mission is to design and build efficient, reliable and attractive consumer and professional grade 3D printers. The Company believes there is enormous scope for innovation within the design, usability, and engineering of 3D printers, and has identified a valuable new market segment located between the low cost professional market and the high-end consumer market. Find out more at www.makism3d.com.
Cautionary Language Concerning Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in Makism 3D Corp.'s filings with the Securities and Exchange Commission available at: www.sec.gov. Makism 3D Corp. disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
Contact: MDDD Investor Relations Tel: +011 44 01954 715030 (UK) Email Contact Website: www.makism3d.com