UMeWorld Signs Agency Agreement for Cloud Based Adaptive Learning Educational Platform
UMeWorld commercializes its UMFun™ platform in China with a sales agency agreement in online education.This opportunity enables UMFun™ to reach over ten million targeted students starting October 2013.In the near term, the UMFun™ platform will increase the growth of UMeWorld and sets a template for future negotiations throughout China.
HONG KONG--(BUSINESS WIRE)-- UMeWorld Limited (OTCQB:UMEWF) is pleased to announce the signing of a sales agency agreement with Guangzhou KUMI Network Technology Co., Ltd ("KUMI") for UMFun™. It is a cloud-based adaptive learning educational platform, under its digital education business division.
KUMI operates the largest online gaming platform in Guangdong Province. Customers are between the ages of twelve and seventeen and spend an average of CNY$40 (US$7) a month on subscriptions. KUMI sells over one million charge cards monthly made available through a wide network of retail outlets to pay for subscriptions on their platform.
"We are excited to be partnering with KUMI, a powerful and successful marketer, to the twelve to seventeen age group. This agreement allows us to gain immediate access to our targeted customer group in Guangdong Province and establishes the partnering template for other provinces in China," said Michael Lee, President & CEO of UMeWorld Limited. "We are actively talking to other affiliates with parallel platforms to have UMFun™ made available to every K12 student in China in the near future."
The UMFun™ (formerly SmartStar) is a cloud based, adaptive learning educational platform. The Platform name UMFun™ in the Chinese language means 'Full Mark'. It is a cost effective, engaging and fun to use assessment and tutoring platform that can intelligently analyze and adapt to a student's performance and personalizes the delivery of proprietary educational items according to the student's learning needs.
UMeWorld's mission is to facilitate the interaction between people -- "You" and "Me," through its digital platforms. Currently, UMeWorld operates UMeLook (www.umelook.com), an online video platform focused on bringing foreign video content to China. UMeLook plans to be a source of foreign video content for the Chinese viewer across any Internet-enabled device in China. UMeWorld intends to focus its future operations on digital media and the digital education market.
Forward Looking Statement
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KEYWORDS: Asia Pacific China
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