Makism 3D Corp. Completes Share Exchange and Enters 3D Printer Manufacturing Sector -- Company Commences Trading as MDDD
November 07 2013 - 9:00AM
Marketwired
Makism 3D Corp. Completes Share Exchange and Enters 3D Printer
Manufacturing Sector -- Company Commences Trading as MDDD
CAMBRIDGE, UNITED KINGDOM--(Marketwired - Nov 7, 2013) - Makism
3D Corp. (OTCBB: MDDD) ("Makism 3D" or the "Company"), a
manufacturer of consumer and professional grade 3D printers, is
pleased to announce that effective October 29, 2013, it entered
into and consummated a voluntary share exchange transaction with
Umicron Ltd., a private limited company organized under the laws of
England and Wales ("Umicron"). The Company further advises that its
common stock is quoted on the OTCBB under the symbol MDDD.
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. (OTCBB: MDDD) 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