PALATKA, FL, Sept. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Majestic Oil & Gas, Inc. (OTC PINK: MJOG) (the "Company" or "MJOG") is pleased to announce management has begun the process to reorganize the company to better update its corporate vision. The company will change its name from Majestic Oil & Gas, Inc. to Majestic Group Holdings, Inc. to better reflect the Company’s refocused business plan. The Company will be established with a renewed focus on Healthcare, Biotech, and Cannabis. The corporate ticker will remain “MJOG.”
“We are extremely excited about the new direction of MJOG, with a rejuvenated direction into some of the more profitable sectors, such as Cannabis, we are looking to start fresh, that will give the current and potential shareholders a transparent and very exciting future,” stated Mr. Calvin Lewis, CEO.
“The new direction of the company will be focused on three promising, yet focused sectors. Beginning with healthcare for solution management and patient care, followed by biotech for research into the benefits of the latest developments and implementation for better delivery systems, and perhaps the hottest sector with the most potential – Cannabis. We will focus the on the further advancement of cannabis in the medical field and its availability for patients in need.”
About Majestic Group Holdings, Inc.
Majestic Group Holdings, Inc., a diversified holding company that has several operating subsidiaries in various segments, including, but not limited to, Healthcare, Cannabis, and Biotech. With the best management available to expand these companies to their maximum growth, and potential. Majestic has already acquired other companies as well, to create tremendous synergy, and to bring additional revenue, and with the greatest structure possible, the company will deliver the strongest values for their shareholders.
Safe Harbor Statement
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties, and assumptions that could cause actual results to differ from those in the forward-looking statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in the Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.