UMeWorld Provides Corporate Update
UMeWorld Provides Corporate Update
HONG KONG--(BUSINESS WIRE)-- UMeWorld Limited (OTCQB: UMEWF) today announces a corporate update and outlook for the remainder of 2013 and early 2014.
Recent Corporate Milestones:
UMeLook.com attracted 4.7 million unique visitors in the month of July and 5.3 million in the month of August, a month-on-month increase of 12%. UMeLook continues to grow at doubt-digits.
UMeLook.com achieved a ranking of 5,169 in China according to Alexa.com. A patent application was filed with the US Patent and Trademark Office to protect the UMFun educational platform. The Company signed an agency agreement for UMFun in the Guangdong Province, the most prosperous province in China with a population over 100 million.
Strategic Initiatives in 2013 and Early 2014:
UMeLook is optimizing the look and feel of its' brand channels with a focus on ease of navigation and attractive visuals. These newly redesigned channels will be launched in early November. UMeLook has been experiencing robust growth since launch. This is because UMeLook is the only video platform in China dedicated to foreign content. China is now the second largest economy in the world. Its consumers have an enormous appetite for foreign content. However, most foreign video sites such as Youtube, and Dailymotion are blocked and inaccessible in China. UMeLook is in the unique position to fill this gap and its popularity has been confirmed by the steady growth of unique visitors to UMeLook.com. More importantly, our viewer base is believed to be largely composed of a more affluent clientele. The Company is preparing to monetize its video platform with these revamped and redesigned brand channels.
The UMFun platform is set to launch on October 1st, 2013 in celebration of China's National Day. In conjunction with the launch date, one million (1,000,000) charge cards featuring UMFun will be distributed in the Guangdong province. Registered users will have up to two months of free trials. The Company is hoping to capture 100,000 users between now and the end of 2013. The Company is in the final stage of negotiation with a national distributor who will effectively provide a China-Wide distribution network for UMFun. The Company plans to introduce several innovative 3rd party products shortly thereafter that will tie into the UMFun platform. This will set the stage to capitalize on the UMFun platform and to generate significant revenue for the company in the coming months.
The Company believes it has sufficient working capital to fund its planned activities for the next 2 years. With the potential revenue streams to be generated by the two platforms, the Company believes it will be able to up-list to a major stock exchange in 2014.
UMeWorld's mission is to facilitate the interaction between people -- "You" and "Me," through its UMeLook and UMFun platforms. UMeLook.com, an online video platform focused on bringing foreign video content to China, is deployed through a sophisticated CDN (Content Delivery Network) with broad coverage throughout mainland China, Hong Kong & Taiwan. UMeLook.com plans to be a source of foreign video content for the Chinese viewer across any Internet-enabled device in China. UMFun.com (formerly SmartStar) is the only cloud based, patent pending adaptive learning educational platform in China. 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 intends to focus its future operations on digital media and the digital education market.
Forward Looking Statement
Statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. For a more detailed description of the risk and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission.
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KEYWORDS: Asia Pacific China Hong Kong
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