XLI Technologies Inc (OTCMKTS:MYXY) has been making a highly explosive move up in recent weeks on big volume from a start point of $0.14 to recent highs of $0.50.
All the excitement on MYXY started on October 23 when they filed an 8k that stated the Company will change their name from Mineria y Exploraciones Olympia Inc. to XLI Technologies, implement a new management team, and a new business plan.
XLI Technologies Inc (OTCMKTS:MYXY) was formed to capitalize on the anticipated huge demand for their new flagship product, nanotechnology printed lights, otherwise known as LightSheets.
In October MYXY announced it had completed the acquisition of Bosch International, LLC, a Nevada limited liability company. According to the share agreement from October 20, the Company acquired 100% of the issued and outstanding membership interest of Bosch, in exchange for 25,000,000 restricted shares of the Company’s common stock. As a result of the acquisition, Bosch became a wholly-owned subsidiary of the Company.
Bosch International, LLC holds the exclusive rights in the United States and Canada to distribute LightSheets (printed light technology/nano printed lights) for the entertainment sector including movie theaters, movie studios, actors, agencies, marketing firms, PR firms, outdoor media, motion pictures, and television. LightSheets are a truly 100% nanotechnology utilizing a specialty coating printed on a thin sheet (as thin as paper) to generate a clean and pure light that uses less than one watt of electricity per foot.
New CEO Mr. James Schramm said “The recent acquisition of Bosch International, LLC, coupled with my experience and contacts in the entertainment sector, place XLI in the unique position of being able to capitalize on the anticipated huge demand for our flagship product, LightSheets. As the exclusive distributor of LightSheets to the entertainment and automotive industries in the United States, we believe that we are uniquely positioned for rapid growth.”
LightSheets can be as small as 1 X 1 inch or as large as 800 X 800 feet. LightSheets can be bent, cut, folded and smashed without causing any affect or altering to the light. LightSheets have a heat tolerance of 200 degrees F and cold tolerance of -15 degrees below zero, can stay on continuously for 10 years, have no LEDs, no bulbs, no fuses, no glass, not even any conductive metal.
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On November 9 MYXY announced Mr. James Schramm has been appointed as its new Chief Executive Officer.
Mr. Schramm has been involved in the entertainment industry since 1995 when he founded two companies: The Legal Helpline a legal TV commercial service company, and Summit Entertainment Inc. a production and commercial distribution company. TLH grew to become a household name, with a presence in every state as well as 31 foreign countries. SEI achieved rapid growth by expanding into special commercial production and distribution/exploitation for specific markets and using different marketing techniques to achieve increased awareness. Though he sold TLH and SEI in 2002, Mr. Schramm continued to be involved and assisted with maintaining their standing in the marketplace and gaining increased exposure.
In 2007, Mr. Schramm created 41 Inc. (“41”). 41 is a service company which distributes motion pictures in a client’s name (service deals). 41 released independent to major studio feature films from one screen to 3,000 screens. This was a fantastic concept: delivering a theatrical release under the radar to the public, using only the client name as the distributor.
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Currently trading at a $31.9 million market valuation MYXY has no assets or revenues and manageable debt. The stock is up big after the Company acquired Bosch International, LLC who the exclusive rights in the United States and Canada to distribute the nanotechnology, LightSheets for the entertainment sector. We will be updating on MYXY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MYXY.
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Disclosure: we hold no position in MYXY either long or short and we have not been compensated for this article.