Leading Toy Manufacturer Hasbro Expresses Interest in Majic Wheels Toy Car

USA - English

• USA - English

TEL AVIV, Israel, February 10 /PRNewswire-FirstCall/ -- MajicWheels Inc. (MJWL.OB), a leading developer of gravity defying remote-controlled toy cars, announced today that the company has been contacted by a senior representative of Hasbro, one of the world's largest toy manufacturers, and has expressed interest in exploring possible business opportunities with the company.

A Vice President of Design, responsible for Hasbro's Remote Controlled Vehicle Department, addressed MajicWheels in writing, to learn more about costs involved in manufacturing the toy vehicles, and to request a sample.

The request came shortly after a Hasbro engineer watched the YouTube video of the MajicWheels toy car prototype in action, in the company's YouTube video. The MajicWheels prototype can be seen 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.

"After an extensive prototype development process, our technology's ability to seemlessly scale walls and ceilings is now attracting the interest of one of the world's leading toy distributors," said MajicWheels CEO Asher Zwebner. And while discussions may not mature, cooperation with a company on the level of Hasbro could greatly increase MajicWheel's potential to distribute our remote control vehicles internationally."

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 Majic Wheels Corp