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Majic Wheels Corp Partners With Carbonomics

FORT MYERS, FL, Dec. 4, 2012 (GLOBE NEWSWIRE) -- Majic Wheels Corp. (OTCQB: MJWL), a Delaware corporation which operates a business line of roll off dumpster rentals, site work services, construction and foreclosure cleanup, junk removal and moving services, announced today that they have engaged with Carbonomics LLC. and cooperating on the implementation of projects under the American Carbon Registry to utilize biodiesel and plasma gasification technology. The company's carbon credit project plans to:

  • Generate greenhouse gas reduction credits and allowances in both the US and international carbon markets.
  • Estimate the expected revenue generation from carbon credit sales.
  • Gain access to carbon credit financing for company growth.

"We are pleased to be working with Mr. Baruch; he is an internationally-recognized expert in the development of methodologies to monitor greenhouse gas (GHG) reductions. We look forward to working together to developing our carbon credit project, said Denise Houghtaling, CEO of the MJWL.

About Carbonomics LLC.

Carbonomics® is a leader in helping businesses realize the potential of carbon credits in the US and international emission-trading markets. Carbonomics identifies greenhouse-gas (GHG) reduction opportunities, determines how projects can generate carbon credits, and guides companies through the entire process - from project inception to annual verification.

Seth Baruch president of Carbonomics® Seth Baruch has developed energy efficiency and renewable energy projects in Eastern Europe, the Former Soviet Union, Africa, China and India. He has more than a decade of experience helping to assemble financing packages for large-scale, clean energy projects around the world. About Majic Wheels Inc.

Majic Wheels Inc., a Delaware corporation located in Ft. Myers, Florida, is a rapidly growing company that intends to continue its growth and expansion in major US markets. The Company plans leveraging its operating division and management team to expand into additional major market sectors. The company operates the Southwest Florida Franchise of College Hunks Haul Junk and College Hunks Moving. The company's waste management and site work division provides services that include roll off dumpster rentals, site work services, construction and foreclosure cleanup and junk removal services.

Forward-Looking Statements: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

CONTACT: Investor Relations Contact: Majic Wheels Corp. Investor Relations IR@MJWL.INFO Source:Majic Wheels Corp.