Remote-Controlled Toy Car can Traverse Walls and Ceilings

TEL AVIV, Israel, October 27 /PRNewswire-FirstCall/ -- MajicWheels Inc. (OTC: MJWL), a leading developer of gravity defying remote-controlled toy cars, announced today that a major worldwide distributor of toys has displayed interest in aiding in the manufacture and distribution of the company's toy vehicles.

Ongoing discussions are focusing on final details relating to the look and feel of the toy vehicles based on advanced market research. The MajicWheels prototype can be seen in action at http://www.youtube.com/majicwheels.

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 such as walls or ceilings. Several companies have shown a great deal of interest in vehicles' technology.

"MajicWheels technology is attracting the interest of some of the world's leading toy distributors," said MajicWheels CEO Asher Zwebner. "We are confident that selecting the right partner can propel our company to great heights and make our remote-control vehicles into household items."

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. 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.

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