Carson City, NV, June 02, 2022 (GLOBE NEWSWIRE) -- The ZICIX Corporation (OTC Pink: ZICX) has acquired 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 is a corporation registered in the State of Florida, with head office in New Jersey. Its website is www.ctip-fii.com. 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 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.
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 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).
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.
On the other hand, the 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.
ZICIX has organized two Divisions, one the Technology Division, and the other the Investments and Finance Division.
About the Corporations:
Zicix Corporation (OTC Pink: 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. www.ZicixGroup.com
CTIP First Investment, Inc. (CTIP-FII) is a private investment and project development company, involved in undertaking development projects for both the Government and Private Sectors respectively. CTIP-FII designs and brings the right financial engineering to project owners and creditors to fund construction finance and permanent mortgage. www.ctip-fii.com
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