Majic Wheels Corp. is focused on bringing innovation to the industry of radio-controlled toy cars by introducing its groundbreaking, patented climbing device technology. The company aims to become a leading player in the climbing device radio-controlled toy car world, offering models in multiple aesthetically pleasing designs and a variety of colors. With the U.S. toy market generating a total of $22.5 billion a year and approximately 10% of those revenues secured by toy vehicles, Majic Wheels is targeting one of the most promising categories.
Majic Wheels has taken the classic remote control car one step further, designing remote controlled cars capable of going up a wall, across the ceiling and down the other side. The company currently holds the rights for two climbing device patents. A patent-pending application exists in the U.S. and an approved patent has been registered in Israel. By using its advanced technology and innovative developments, the company intends to gain a sustainable advantage over competitors and introduce the next hot tech toy.
The company is currently in the final stages of prototype development and projects introduction to the market next year. Initially, Majic Wheels plans to market its unique product and generate revenues through internet distributors specializing in children toys. Once positive market acceptance is confirmed, the company will gradually move to the mass production phase while it develops marketing and distribution channels to strategically create demand for its product in the U.S., Europe and Asia.
Asher Zwebner, President and CFO, is dedicated to leading the company with his years of management experience. In addition to his role as CEO of Majic Wheels, he also serves as CFO of SinoBiomed Inc. and PCMT Corporation. Previous to his current positions, Mr. Zwebner served as the Chief Financial Officer of SMC Ventures.com, a strategic consulting firm, and Britanica.com, an educational software company. A CPA in Israel and the United States, Mr. Zwebner has also served as senior manager at the Israeli branch of Ernst & Young International.
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