XLI Technologies Inc (OTCMKTS:MYXY) continues to move higher in recent weeks from a start point of $0.14 the stock has moved over $0.70 and transformed into a consistent volume leader on the bb’s.
It all started on MXYX back 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.
On November 13 MYXY announced an update regarding the benefits and advantages of utilizing the Company’s LightSheets™ Nanotechnology printed lighting technology in place of outdated LED technologies in many applications.
CEO James Schramm said “Our 100% nanotech based LightSheets are printed onto paper-thin sheets that have some incredible design and operational characteristics that make them ideal in so many applications that have previously used LED lighting. This super thin design produces a clean and pure light source that can be shaped, cut, bent, and folded into almost any shape or size you can imagine and still only uses a trickle of electricity.”
He continued “LightSheets are completely different and extremely superior to traditional LED lighting for much more than just their versatility and eco-friendly status. They’re also tough as nails, smash proof, and work perfectly in both extreme hot and cold conditions. This makes them the clear choice for so many demanding, creative, and unique lighting applications in the entertainment and automotive industries.”
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Currently trading at a $53 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 owns the exclusive rights in the United States and Canada to distribute the nanotechnology, LightSheets for the entertainment sector. Clearly MYXY is a major league promotion with dollar volume topping several million dollars a week. Those benefitting the most and likely liquidating into the promotion are the forty unnamed individuals who received a total of 25 MILLION free-trading shares from ex-CEO Francisco Antonio Jerez Garcia for $0.002 a pop. 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.