web analytics
13.3 C
Munich
Sunday, September 25, 2022

Zicix, Inc., (OTCMKTS: ZICX) On the Move Since Co Closes Acquisition of CTIP-FII, to Build a 150-bed Hospital in Uganda

Zicix, Inc., (OTCMKTS: ZICX ) is making a big move up the charts since reversing off $0.002 lows after the Company closed the acquisition of CTIP-FII, a Company engaged in project development and finance that is currently involved in the development of government infrastructure in different countries, including Africa and Latin American Countries. The Company is developing projects such as hospital (four hospital projects) and medical school buildings, hospital dormitories, roads and highways, government school buildings, bank’s head office building, Agri-tourism projects, among others. 

https://www.youtube.com/watch?v=eeQA-mes80E

CTIP-FII is about to sign a development contract to build a 150-bed hospital and medical school building in Uganda, with a project cost estimated at $84,000,000. It is also slated to begin the construction of a main office building for a commercial bank in Monrovia, Liberia as well as the development of another hospital in the Revercess County, Liberia with a projected cost of $90,000,000. This is big news for ZICX which trades at a tiny market valuation of just $5 million with 693,231,004 shares outstanding of which 381,685,152 are restricted leaving 311,545,852 free trading shares of ZICX worth $2.6 million. 

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Zicix, Inc., (OTCMKTS: ZICX ) Originally founded as a service provider to the Healthcare industry, the Zicix Corporation has recently been restructured with the intention of acquiring and developing technology applications designed for service companies in consumer, retail and other industries.  

The stock got bump back in March after the Company announced it has issued an LOI to CTIP First Investment, Inc. (CTIP-FII) to acquire controlling shares of the company. CTIP-FII is a corporation registered in the State of Florida, with the main office located in New Jersey. The company is engaged in the business of project development and project finance, currently focused on the development of government infrastructure in different countries across Africa and Latin America. 

CTIP-FII is a corporation registered in the State of Florida, with head office in New Jersey. The company is engaged in the business of project development and project finance.  It is currently involved in the development of government infrastructure in different countries, including Africa and Latin American Countries. CTIP-FII together with its strategic partners, is involved in the development projects such as hospital (four hospital projects) and medical school buildings, hospital dormitories, roads and highways, government school buildings, bank’s head office building, Agri-tourism projects, among others. 

CTIP-FII is about to sign a development contract to build a 150-bed hospital and medical school building in Uganda, with a project cost estimated at $84,000,000. It is also slated to begin the construction of a main office building for a commercial bank in Monrovia, Liberia as well as the development of another hospital in the Revercess County, Liberia with a projected cost of $90,000,000. 

ZICIX has organized two divisions: Technology and Investments and Finance. Development of PPP Projects will be managed by the Investments and Finance division of ZICIX. 

On June 2, ZICX closed the acquisition of CTIP First Investment, Inc. (CTIP- FII), thus making CTIP-FII as ZICIX’ operating company in so far as project development activities of ZICIX are concerned. 

CTIP-FII projects are in countries that are classified as developing countries, such as Africa and Asia, including Latin American countries. Infrastructure development projects in the portfolio of CTIP-FII are either government funded, or the funding is arranged and provided by CTIP-FII and its strategic  partners, under what is called Public-Private-Partnership (PPP). CTIP- FII makes more in PPP Projects especially if the projects are considered unsolicited proposal than government funded, since it will be subject of a tender. 

To Find out the inside Scoop on ZICX Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

ZICX

 

Public   Private   Partnership   is   a   contractual   concept   or arrangement between a public agency (federal, state, or local) and a private sector entity. Through this agreement, the skills, and assets of each sector (public and private) are shared in delivering a service or facility for the use of the public. In addition to the sharing of resources, each party shares in the risks and rewards potential in the delivery of the service and/or facility. 

In the development of PPP Projects, the project proponent does not rely too much on publicly listed companies to raise funding for PPP Projects in the stock market. Most government provides sovereign or government guarantees, that most project proponents can raise the needed construction finance for PPP Projects.  Moreover, projects that does not have an underlying government guarantee, can employ project securitization as an alternative way to finance such projects. 

In an interview with ZICIX Chairman, Mr. William Petty, he said that it is about time that ZICIX should establish strategic alliance with operating companies, like CTIP-FII involved in project development   especially   Governments   that   are   planning   to undertake their infrastructure development through Public-Private- Partnership (PPP). 

Chairman of CTIP-FII, the Former Mayor of the City of Paterson, NJ, Mr. Jeffery Jones said “the acquisition of ZICIX on CTIP-FII is a welcome investment as it will strengthen the position and credibility of the company in the infrastructure industry with the support of a listed company, like ZICIX. CTIP-FII as a subsidiary of ZICIX, will now be indirectly regulated as CTIP-FII project activities are construed to be ZICIX activities.” 

For More on ZICX Subscribe Right Now!

Currently trading at a $5 million market valuation ZICX has a low float with just 311.5 million free trading ZICX shares. The Company also has little debt of just $144k and is trading near the bottom of its range.  ZICX has been on fire since they closed the acquisition of CTIP-FII, a Company engaged in project development and finance that is currently involved in the development of government infrastructure in different countries, including Africa and Latin American Countries. CTIP-FII is about to sign a development contract to build a 150-bed hospital and medical school building in Uganda, with a project cost estimated at $84,000,000. It is also slated to begin the construction of a main office building for a commercial bank in Monrovia, Liberia as well as the development of another hospital in the Revercess County, Liberia with a projected cost of $90,000,000. We will be updating on ZICX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ZICX.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in ZICX either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.