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Majic Wheels is Investigating Security and Military Applications for Patented Adhesive Technology

Posted on: Monday, 20 July 2009, 07:00 CDT

TEL AVIV, Israel, July 15 /PRNewswire-FirstCall/ -- MajicWheels Inc. (MJWL.OB), a leading developer of gravity defying remote-controlled toy cars, announced today that the company is investigating additional applications in the areas of security and military for its patented climbing device technology.

MajicWheels currently holds the rights for two "climbing device" patents. A fully-approved patent has been registered to the company in Israel. A patent-pending application has similarly been filed in the United States.

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.

"MajicWheels technology is now being studied for its use in various fields," said MajicWheels CEO Asher Zwebner. "The adhesive already enables us to make great toys, and we believe that the climbing capabilities of our remote-controlled cars can eventually be utilized throughout several other areas. In particular, we are now studying the use of the adhesive to aid in security applications for buildings and reconnaissance gathering military applications."

About MajicWheels

MajicWheels brings innovation to the industry of radio-controlled toy cars through its groundbreaking, patented climbing device technology. MajicWheels intends to become a leading player in the climbing device radio- controlled toy car world, offering countless hours of fun to youth in the 6- 12 year-old age bracket. Models will be offered in several aesthetically pleasing designs, and a variety of colors. Learn more about MajicWheels at http://www.majicwheels.com.

Forward-Looking Statements

This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of MajicWheels and its technologies. Readers are cautioned not to place undue reliance on these statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated in the forward-looking statements. MajicWheels' public filings may be viewed at http://www.sec.gov.

SOURCE MajicWheels Inc

Source: PR Newswire

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