U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 1-K

ANNUAL REPORT PURSUANT TO REGULATION A

OF THE SECURITIES ACT OF 1933

For the fiscal year ended December 31, 2023

JPX Global, Inc.

(Exact name of issuer as specified in its charter)

Commission File Number: 024-12285

8330 Lyndon B. Johnson Fwy, Ste 208

Dallas, Texas 75243

(Full mailing address of principal executive offices)

424-358-1046

(Issuer’s telephone number, including area code)

Common Stock

(Title of each class of securities issued pursuant to Regulation A)

TABLE OF CONTENTS

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

The information contained in this report includes some statements that are not historical and that are considered “forward-looking statements.” Such forward-looking statements include, but are not limited to, statements regarding our development plans for our business; our strategies and business outlook; anticipated development of the Company; and various other matters (including contingent liabilities and obligations and changes in accounting policies, standards and interpretations). These forward-looking statements express our expectations, hopes, beliefs, and intentions regarding the future. In addition, without limiting the foregoing, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipates”, “believes”, “continue”, “could”, “estimates”, “expects”, “intends”, “may”, “might”, “plans”, “possible”, “potential”, “predicts”, “projects”, “seeks”, “should”, “will”, “would” and similar expressions and variations, or comparable terminology, or the negatives of any of the foregoing, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this report are based on current expectations and beliefs concerning future developments that are difficult to predict. We cannot guarantee future performance, or that future developments affecting the Company will be as currently anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

All forward-looking statements attributable to us are expressly qualified in their entirety by these risks and uncertainties. These risks and uncertainties, along with others, are also described below under “Item 1. Business—Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You should not place undue reliance on any forward-looking statements and should not make an investment decision based solely on these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

ITEM 1. BUSINESS

Overview

JPX Global, Inc., (a.k.a. Jasper Explorations, Inc.) (the “Company”) (“JPEX”), seeks to become a multimedia business operation that would acquire TV and radio stations for Hispanic and Christian programming and independent production of programs. JPX Global, Inc. was organized under the laws of the State of Nevada on December 18, 2008, as Jubilee Resources, Inc., to explore mineral properties in North America. The name of the Company was subsequently changed to Jasper Explorations, Inc. on December 16, 2010. The name of the Company was again changed on January 3, 2013, from Jasper Explorations, Inc. to JPX Global, Inc. The Company operation was historically focused on the development of waste management services including the storage, recycling, and disposal of waste. From 2017 to 2021, the Company had abandoned its business and failed to take steps to dissolve, liquidate and distribute its assets which resulted in its Nevada charter being revoked. The Company also failed to provide adequate current public information as defined in Rule 144, promulgated under the Securities Act of 1933. On February 01, 2019, the Company file Form 15 to terminate the registration of its securities under Section 12(g) of the Securities and Exchange Act of 1934 or suspend its duty to file reports under sections 13 and 15(d) of the Securities and Exchange Act of 1934.

On May 25, 2021, Alpharidge Capital LLC, a shareholder filed a petition for custodianship with the District Court, Clark County, Nevada and was appointed as the custodian of the Company on July 07, 2021.

On July 07, 2021, the Custodian appointed Ambrose O Egbuonu, who is associated with Alpharidge Capital, LLC, as the Company’s sole officer, secretary, treasurer, and director.

On July 7, 2021, the Company filed a Certificate of Revival with the Secretary State of the State of Nevada, which reinstated the Company’s charter and appointed a new Resident Agent in Nevada.

On July 07, 2021, pursuant to a Securities Purchase Agreement (SPA) the Custodian granted to Community Economic Development Capital, LLC (CED Capital), 5 Series A preferred shares (convertible at 1 into 2,000,000,000 common shares, and super voting rights of all votes) in exchange for $35,000 which the Company used partly to fund the reinstatement of the Company with the State of Nevada, settlement of the Stock Transfer Agent’s balance. CED Capital also undertook to make all reasonable efforts to provide adequate current public information to meet the requirements under the Securities Act of 1933.

On July 28, 2021, CED Capital, LLC entered into a definite agreement to sell its control stake in the Company to Katee Capital with the purpose of combining JPEX with VeeMost Technologies LTD.

Following a notification of certain shareholders to show evidence of purchase of shares of the Company or risk cancellation by the Court-Appointed Custodian or the current management of the Company. Mr. Mitchell Hovendick, a beneficial shareholder was identified as owning: (a) 75,250,000 of the Common Stock; (b) 10,000,000 shares of the Series B Preferred, which constitute the total issued and outstanding of that class; and 1,000 share of the Series A Preferred, which constitute the total issued and outstanding of that class. In addition, Mr. Hovendick asserted a claim to $327,305 plus interest owed to him by the Company based on several dealings with the previous management of the Company several years ago. After some attempted negotiations, the Court-Appointed Custodian and the new board, believing that Mr. Hovendick’s shares were issued without consideration, resolved to cancel all shares of the Company owned by Mr. Hovendick because the board believed that the shares and the claimed debts were a result of certain failed acquisition by the Company and that Mr. Hovendick was partner with the previous management of the Company when the acquisition was made. Mr. Hovendick, having disagreed with the resolution of the Court-Appointed Custodian sued to assert his rights and reinstate his shares. While the lawsuit was going on, Veemost waited to have it resolved prior to continuing its planned merger. Then Mr. Hovendick obtained from the Court, a Temporary Restraining Order (TRO), that blocked the merger with Veemost, at which point, Veemost asked for a refund of the purchase prices which was promptly refunded, and Veemost walked away from the merger.

On March 21, 2022, VeeMost Technologies LTD, announced its decision to walk away from consummating a proposed reverse merger with the Company. Previously, VeeMost Technologies LTD had purchased from CED Capital, LLC, the preferred stock that carries a 60% controlling vote in all of the Company. CED Capital, LLC promptly refunded to VeeMost Technologies LTD, the money it originally paid to purchase the shell. The reasons for VeeMost Technologies LTD’s decision was not necessarily unrelated with the lawsuit filed by Mr. Hovendick, a long-term control shareholder, who was granted an injunction blocking/preventing the completion of the merger between VeeMost Technologies LTD and JPX Global, Inc.

Upon Veemost’s decision to walk away, Alpharidge Capital refunded the purchase price to Veemost and took back control of JPEX.

After several months of litigation, the Company and Mr. Hovendick reached a settlement as follows: (1) Company would reinstate Mr. Hovendick’s 75,250,000 shares of common stock; (2) Company would convert the 10,000,000 Series B Preferred Stock into 100,000,000 shares for common stock for Mr. Hovendick; (3) Mr. Hovendick would withdraw the asserted claim for $327,305 plus interest owed to him by the Company based on several dealings with the previous management of the Company several years ago; (4) Mr. Hovendick would surrender the 1,000 Series A Preferred to the company to cancel; and (3) Mr. Hovendick would dismiss the lawsuit and dissolve the TRO. The settlement agreement was executed, the lawsuit dismissed with prejudice, and the TRO dissolved.

On October 10, 2022, the Company entered into a settlement agreement with Mr. Hovendick, for the company to rescind the cancelation of Mr. Hovendick’s shares in the Company’s Common and Preferred stocks, and for Mr. Hovendick to withdraw/dismiss all litigation, convert his 10 million preferred B into 100 million of Common, surrender his 1,000 Preferred A for cancelation, and forfeited all indebtedness claims against the Company.

On October 10, 2022, subsequent to a settlement of a protracted lawsuit by a shareholder, the Company formally launched itself into the media and entertainment industry, becoming a holding company for a multi-media entertainment platform. Since October 10, 2022, in accordance with its business plan, the Company has devoted substantial energy, time, and resources reviewing and rewriting agreements with partners, customers, vendors, and manufacturers, reviewing licenses and sublicense agreements with potential licensors, creating/evaluating contents, interviewing and hiring employees, and conducting research and due diligence on potential partners, Joint-ventures, and acquisitions in the entertainment industry.

On March 9, 2023, pursuant to an agreement to purchase the five preferred shares control block of JPEX in exchange for $475,000, secured and memorialized in a convertible note of $475,0000, Alpharidge agreed to sell and transfer control of JPEX to Kuldip Singh, Jagandeep Kaur and Maria Guel.. The convertible note could convert at the discretion of the holder at $0.0004 per share. The Note has a 2-year term with 12% interest rate. Both principal and interest payments are deferred until maturity, or whenever the Company decides to pay off the Note. At the request of the Noteholder, the Company is required to increase the number of shares it is authorized to issue to the amount needed to accommodate the conversion of the Note.

The material terms of the $475,000 Convertible Note includes (1) Annual Interest of 12% payable at maturity in 24 months from date of issue, (2) the Note is convertible into the Company’s common stock at $0.0004 per share, (3) until the total $475,000 and accrued interest is paid off, and the note has zero outstanding balance, note-holder receives 50% of all/any funds raised through any means including shares issuance, note issuance, or traditional borrowing from local banks, and (4) the note could be paid off at any time before maturity because it has no prepayment penalty.

Following the consummation of the March 9, 2023, acquisition agreement for JPEX, JPEX entered into a new agreement to acquire Mekaddesh Group Corporation (“MGC”) in an all-stock reverse merger deal. This merger was envisaged to close on May 15, 2023, but could not close as scheduled because the inability to obtain the required approval from the board of directors of the two companies. The deal has not closed as at the date of this report. Both parties to the transactions are still continuing with their due diligence, after which the board of directors of both companies would approve the transaction prior to closing the deal and effect change of control. MGC is a Dallas, Texas, entertainment operation formed in 2015 to operate and promote TV and radio stations for Hispanic programming alongside their affiliates such as Hispanic Family Christian Network Inc. MGC’s current programming includes: La La Nueva and La Mejor. Once the acquisition closes, Mekaddesh Group would reverse-merge into and take over JPEX to become the operating entity, and MGC officer, Maria Guel, who has already been appointed as the President and CEO of JPEX would continue to run all the operations.

Following the agreement reverse-merger with MGC, the Company pivoted its business plan to fit that of Mekaddesh, Radio & Television Stations operations.

Mekaddesh presently has several broadcasting licenses that it needs to build out. Mekaddesh is presently working to create a Radio and TV Stations platform for the independent production of programs, such as soap operas, movies, and news. It plans on presenting high-tech studio digital platforms in major cities in the United States.

Mekaddesh’s goal for 2024 is to finish the construction of several television Stations with 6-8 Sub-Channel independent broadcasting programs on each station. In addition, by 2025, the Company’s goal is to build at least 20 television Stations combined with high power FM stations in the most important cities within the territory of the United States. Thereafter, by 2026 it plans to acquire properties to build own communication towers, and thus become completely independent from leasing properties, and at that point, to start providing space for television and radio stations.

Mekaddesh Group Corporation is a multi-faceted company, with the potential to branch into new venues as the company grows. There are currently three phases to development of Television Stations. Beginning with our first phase, development in this Phase is to include five Radio and twelve Television station. We have Permits to start and operate TV Stations in 12 major cities of US. In the first phase we will have these stations on air, after compilation of this work we can generate enough revenue to assist in the growth of two other Phases -- construction of Towers for Antenna’s and Studio’s for Stations in our second phase. However, we will need additional funding to accomplish this plan.

The First Phase -- constructing twelve digital Television Stations, each TV Station will be able to relay/broadcast on 6 to 8 live local channels at one time. Our efforts will be to lease the available channels to national clients, and we will generate the revenue needed to allow us flexibility in accepting other projects more commonly associated with the Radio and Television broadcasting industry.

The Second & Third Phase -- Mekaddesh Group Corporation, will provide/construct high rise Towers to install transmitter antenna in all cities and towns where Mekaddesh have operations and plans to build Television/Radio Stations. specialized production on a wide range of hand-picked projects, depending upon the needs and demands of projects. This division will lease tower space to various Media companies for their broadcasting and wireless communication use of local interests. We will develop this division into a self-sufficient branch within the first two years.

Mekaddesh Group Corporation is a U.S based having 6-8 digital sub-channels on each TV station in metropolitan cities which will be broadcasting with Local Live Events, News, Educational, Community, Religious, Political, and sports TV channels. Mekaddesh Group Corporation’s headquarters will continue to be located in Dallas-Texas. We have an already-acquired office facility in a major business district on Lyndon B Johnson Freeway, Dallas, TX 75243.

Competition

There are virtually dozens if not hundreds of competitive broadcast operations for the Company in most of the 50 states.

Employees

As of the date of this report, the Company alongside with its affiliates have 5 employees and 5 contract labor, including its officers, both of whom are W2’s and 1099’s which devote more than 30 hours per week to the operation. There is no collective agreement between JPEX and its employees. The employment relationship between employees and the Company is individual and standard for the industry.

After the closing of the reverse merger with Mekaddesh, the Company plans to hire more qualified and competent hands to occupy the following positions:

• Chief Operating Officer
• Creative Director
• Advertising cum Digital Marketing Specialist
• Human Resources and Admin Manager
• Sports Presenters
• Sales and Marketing Executive
• Accountant
• Content Creator
• Client Service Executive
• Sales and Marketing Executive
• Acquisitions Executive

Regulation

While JPEX has zero regulatory assets, Mekaddesh presently has about more than 8 broadcast licenses that it needs to build out. Mekaddesh is presently working to create a Radio and TV Stations platform for the independent production of programs, such as soap operas, movies, and news. It plans on presenting high-tech studio digital platforms in major cities in the United States.

Intellectual Property

JPEX does not presently have any intellectual property, and the Company has not ascertained whether MGC has any intellectual property in its portfolio.

Litigation

JPEX is not presently subjected to any litigation of any sort.

Property

JPEX has a temporary office at 370 Amapola Avenue, Suite 200A Torrance, CA 90501. The company’s permanent office will relocate to the same facility as Mekaddesh Group Corporation (MGC) following the March 9, 2023, SPA. MGC’s, headquarters is located in Dallas,Texas. The office facility is in a major business district on Lyndon B Johnson Freeway, Suite 208 Dallas, TX 75243. At this address, the Company occupies office premises sufficient for its current needs.

Conflicts of Interest

Until the closing of the Reverse-Merger between MGC and JPEX, the company is, and will continue to be subject to various conflicts of interest arising out of the relationship between JPEX and MGC as Maria Guel is President of both companies and she would also have substantial influence on the board of directors of both companies in their decision to approve or disapprove the Reverse-Merger. Once the Reverse-Merger closes and change of control occurs, this conflict of interest would be eliminated.

Risk Factors

Risks Related to the Company and Its Business

We have a limited operating history.

Our operating history is limited. There can be no assurance that our proposed plan of business can be realized in the manner contemplated and, if it cannot be, shareholders may lose all or a substantial part of their investment. There is no guarantee that we will ever realize any significant operating revenues or that our operations will ever be profitable.

We are dependent upon management, key personnel, and consultants to execute our business plan.

Our success is heavily dependent upon the continued active participation of our current planned management team, Kuldip Singh, Jagandeep Kaur and Maria Guel. The loss of any one of these individuals could have a material adverse effect upon our business, financial condition, or results of operations. Further, our success and the achievement of our growth plans depends on our ability to recruit, hire, train, and retain other highly qualified technical and managerial personnel. Competition for qualified employees among companies in our industry, and the loss of any of such persons, or an inability to attract, retain, and motivate any additional highly skilled employees required for the expansion of our activities, could have a materially adverse effect on our business. If we are unable to attract and retain the necessary personnel, consultants, and advisors, it could have a material adverse effect on our business, financial condition, or operations.

Although we are dependent upon certain key personnel, we do not have any key man life insurance policies on any such people.

We are dependent upon management in order to conduct our operations and execute our business plan; however, we have not purchased any insurance policies with respect to those individuals in the event of their death or disability. Therefore, should any of those key personnel, management die or become disabled, we will not receive any compensation that would assist with any such person’s absence. The loss of any such person could negatively affect our business and operations.

We are subject to income taxes as well as non-income-based taxes, such as payroll, sales, use, value-added, net worth, property, and goods and services taxes.

Significant judgment is required in determining our provision for income taxes and other tax liabilities. In the ordinary course of our business, there are many transactions and calculations where the ultimate tax determination is uncertain. Although we believe that our tax estimates will be reasonable: (i) there is no assurance that the final determination of tax audits or tax disputes will not be different from what is reflected in our income tax provisions, expense amounts for non-income based taxes and accruals and (ii) any material differences could have an adverse effect on our financial position and results of operations in the period or periods for which determination is made.

We are not subject to Sarbanes-Oxley regulation and lack the financial controls and safeguards required of public companies.

We do not have the internal infrastructure necessary, and are not required to, complete an attestation about our financial controls that would be required under Section 404 of the Sarbanes-Oxley Act of 2002. There can be no assurances that there are no significant deficiencies or material weaknesses in the quality of our financial controls. We expect to incur additional expenses and diversion of management’s time if and when it becomes necessary to perform the system and process evaluation, testing, and remediation required in order to comply with the management certification and auditor attestation requirements.

Changes in employment laws or regulations could harm our performance.

Various federal and state labor laws govern the Company’s relationship with our employees and affect operating costs, including labor laws of non-USA jurisdictions. These laws may include minimum wage requirements, overtime pay, healthcare reform and the implementation of various federal and state healthcare laws, unemployment tax rates, workers’ compensation rates, citizenship requirements, union membership and sales taxes. A number of factors could adversely affect our operating results, including additional government-imposed increases in minimum wages, overtime pay, paid leaves of absence and mandated health benefits, mandated training for employees, changing regulations from the National Labor Relations Board and increased employee litigation including claims relating to the Fair Labor Standards Act.

Our business plan is speculative.

Our present business and planned business are speculative and subject to numerous risks and uncertainties. There is no assurance that the Company will generate significant revenues or profits.

The Company will likely incur debt.

The Company has incurred debt in the past and expects to incur future debt in order to fund operations. Complying with obligations under such indebtedness may have a material adverse effect on the Company and on your investment.

Our expenses could increase without a corresponding increase in revenues.

Our operating and other expenses could increase without a corresponding increase in revenues, which could have a material adverse effect on our financial results and on your investment. Factors which could increase operating and other expenses include but are not limited to (1) increases in the rate of inflation, (2) increases in taxes and other statutory charges, (3) changes in laws, regulations or government policies which increase the costs of compliance with such laws, regulations or policies, (4) significant increases in insurance premiums, and (5) increases in borrowing costs.

Computer, website, or information system breakdown could negatively affect our business.

Computer, website and/or information system breakdowns as well as cyber security attacks could impair the Company’s ability to service its customers leading to reduced revenue from sales and/or reputational damage, which could have a material adverse effect on the Company’s financial results as well as your investment.

Changes in the economy could have a detrimental impact on the Company.

Changes in the general economic climate could have a detrimental impact on consumer expenditure and therefore on the Company’s revenue. It is possible that recessionary pressures and other economic factors (such as declining incomes, future potential rising interest rates, higher unemployment, and tax increases) may adversely affect customers’ confidence and willingness to spend. Any such events or occurrences could have a material adverse effect on the Company’s financial results and on your investment.

Should the Company’s expectations about various matters prove to be incorrect, the Company’s actual operating results may be materially different from our forecasted results.

Whether actual operating results and business developments will be consistent with the Company’s expectations and assumptions as reflected in its forecast depends on a number of factors, many of which are outside the Company’s control, including, but not limited to:

Unfavorable changes in any of these or other factors, most of which are beyond the Company’s control, could materially and adversely affect its business, results of operations and financial condition.

Our operations may not be profitable.

The Company may not be able to generate significant revenues in the future. In addition, we expect to incur substantial operating expenses in order to fund the expansion of our business. As a result, we may experience substantial negative cash flow for at least the foreseeable future and cannot predict when, or even if, the Company might become profitable.

IN ADDITION TO THE RISKS LISTED ABOVE, BUSINESSES ARE OFTEN SUBJECT TO RISKS NOT FORESEEN OR FULLY APPRECIATED BY THE MANAGEMENT. IT IS NOT POSSIBLE TO FORESEE ALL THE RISKS THAT MAY AFFECT THE COMPANY. MOREOVER, THE COMPANY CANNOT PREDICT WHETHER THE COMPANY WILL SUCCESSFULLY EFFECTUATE THE COMPANY’S CURRENT BUSINESS PLAN. EACH PROSPECTIVE PURCHASER IS ENCOURAGED TO CAREFULLY ANALYZE THE RISKS AND MERITS OF AN INVESTMENT IN THE SECURITIES AND SHOULD TAKE INTO CONSIDERATION WHEN MAKING SUCH ANALYSIS, AMONG OTHER FACTORS, THE RISK FACTORS DISCUSSED ABOVE.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are forward-looking statements. These forward-looking statements generally are identified by the words believes, project, expects, anticipates, estimates, intends, strategy, plan, may, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations and future prospects on a consolidated basis include but are not limited to changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

JPEX does not have any significant revenue at present. The Company’s business charter was revived on July 7, 2021, and it designed and redesigned its business plan until October 10, 2022, when it completed the latest design and moved into implementation. So far, the Company has devoted substantial energy, time and resources reviewing and rewriting agreements with partners, customers, vendors, programmers and producers, reviewing licenses and sublicense agreements with potential licensors, creating/evaluating contents, interviewing potential new hires and consultants, and conducting research and due diligence on potential partners, Joint-ventures, and acquisitions in the entertainment industry. On the other hand, JPEX targeted acquisition has multimedia entertainment operations that is based in Texas.

Mekaddesh current generates revenue from operation in four principal areas that includes: (1) Brokerage Income of operating Radio Stations in different cities; (2) Sale of advertising from 4 Radio Stations that are operational and programming; (3) Income from Clients to whom MGC provide installation and maintenance services for their radio and television stations; and (4) For the Consultancy Services provided for legal modifications, upgrade and engineering before the FCC.

Results of Operations

The years ended December 31, 2023, and 2022.

For the years ended December 31, 2023, and 2022, the Company generated revenues of $0 and $0 respectively.

Cost of goods sold for the years ended December 31, 2023, and 2022 was $0 and $0 respectively.

Operating expenses for the years ended December 31, 2023, and 2022 were $156,110 and $56,838 respectively.

Accrued Interest for the years ended December 31, 2023, and 2022 was $0 and $0 respectively.

Net Loss for the years ended December 31, 2023, and 2022 was $156,110 and $56,838 respectively.

Liquidity and Capital Resources

Net cash provided by operating activities for the years ended December 31, 2023, and 2022 was $0 and $0, respectively. Net cash used in operating activities for the years ended December 31, 2023, and 2022 was $156,110 and $56,838 respectively.

Net cash provided by or used in investing activities for the years ended December 31, 2023, and 2022 was $0 and $0, respectively.

Net cash provided by financing activities for the years ended December 31, 2023, and 2022 was $151,186 and $63,088 respectively.

As of December 31, 2023, and 2022, we had $1,326 and $6,250 respectively, in cash to fund our operations.

Going Concern

The financial statements attached to this Offering Circular have been prepared assuming that the company will continue as a going concern which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business. For the 12 months ended December 31, 2023, the Company has incurred a net loss of $156,110 from operations. It used cash in operations of $156,110. We had an accumulated deficit of $33,881,105 as of December 31, 2023. It is management’s opinion that these matters raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issuance date of this report. The ability of the Company to continue as a going concern is dependent upon management’s ability to further implement its business plan and raise additional capital as needed from the sales of stock or issuance of debt. The Company will begin to raise capital through private placements of common stock and is planning an offering of common stock under Regulation A. Additionally the Company has been implementing cost-cutting measures and restructuring or setting up payment plans with vendors and service providers and has restructured some obligations. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern.

Critical Accounting Policies

The discussion and analysis of the Company’s financial condition and results of operations are based upon the Company’s condensed financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, and expenses. In consultation with the Company’s Board of Directors, management has identified in the accompanying financial statements the accounting policies that it believes are key to an understanding of its financial statements. These are important accounting policies that require management’s most difficult, subjective judgments.

Recently Issued Accounting Pronouncements

The Company does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

Off-Balance Sheet Arrangements

As of the date of this Offering Circular, there were no off-balance sheet arrangements.

*The address of each of the individuals listed above is: c/o JPX Global, Inc., 8330 Lyndon B. Johnson Fwy, Ste 208, Dallas, Texas 75243.

Maria Guel President/CEO/Director 

Maria Guel is the President and Chief Executive Officer of the Company. As a CEO, her responsibilities include but not limited to executing the Company’s strategic corporate actions to maintain its capital structure, partnering with potential clients through various business solutions, generating revenue growth year over year basis, and acquiring and diversifying various assets to produce ongoing cash flow.

Maria Guel has extensive experience in management of Radio, and TV, broadcasting operations. From January 2010 to present Mrs. Guel has held various management positions in her family businesses. She began her career in the broadcasting field at a very young age. She recalls that when she was about 14 years old she saw her father Antonio Cesar Guel working on engineering studies on his computer. Many times, she got to see him working on different projects late at night. She became interested and curious of being on a microphone but did not feel qualified to speak through it at the time. Moreover, Maria was always very independent and wanted to try different job opportunities. As a teenager she didn’t see herself working in the broadcast field because she did not see the vision just yet. She told her father that she would try to work in other places. So, from the age of 16, Maria started to work in different places such as in marketing companies and various food restaurants all the way to the age of 17 1/2. It was a good experience for her, but every day that passed she knew she had a bigger purpose in her life. Furthermore, her father’s company began to grow and had several employees working for him. So, he invited Maria to help in the reception area at the office and began a part-time as receptionist. In addition, she began to have an interest in her father’s business. She began to get more and more involved each day. Time passed and when she was 18 years of age she graduated from high school and made the decision to study a career that would be able to help the family business. She observed how her father worked with lawyers and engineers, so little by little she got involved in legal matters by helping to translate contracts and being the intermediary with clients to give them follow-up with ongoing construction projects to put stations on air, whether it was radio or television stations. Moreover, Maria made the decision to study in the paralegal and business administration field since this was related to what was carried out in the company. As time passed Maria had more and more responsibilities, due to her being a fast learner and developing leadership skills within the company. At a young age she assumed the position of President and a Director of Hispanic Family Christian Network, Inc. Therefore, after the Guel family founded LMO Christian Media, Elohim Group Corporation, and finally Mekaddesh Group Corporation.

Kuldip Singh, Director 

Kuldip Singh is a Director of our company. Mr. Singh is the founder, officer and director of UMMC Professional Staffing Corp since October 9, 2017. From October 9, 2017, to present, Mr. Singh has held the position of founder, officer and director of UMMC Professional Staffing Corp. Mr. Singh holds a Bachelor of Science (Hon's) Degree from University of Delhi India. He has 51 years of cumulative experience in business management and administration, finance management and public relations.