News | December 26, 2012

Majic Wheels Corp And Carbonomics Moving Forward With Carbon Credits

Fort Myers, FL (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, has submitted to the American Carbon Registry the carbon offset protocols prepared by Carbonomics, LLC for the use of plasma gasification technology to register and certify carbon credits for the US and International markets.

The protocols submitted to the American Carbon Registry will be used to:

  • Measure the amount of greenhouse gas reduction credits that the use of plasma gasification technology will produce over time. 
  • Certify carbon credits to be deposited with the American Carbon Registry for both the US and International carbon markets. 
  • Register the carbon credits to be available for sale and forward financing projects.

"We are very excited to be moving forward so quickly with our carbon credit projects.  We wanted to submit our first project with Carbonomics before the end of the year. We look forward to the New Year and the completion of our carbon credits project in 2013." stated 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.

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.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved.

SOURCE: Majic Wheels Corp.

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