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(Marketwired) -- 10/26/16 launch of its newly revamped websites, The websites are slated to go live sometime in November.
The company plans to become current with OTC Markets in early January.
Investors will be kept informed as these details are updated.
UA Multimedia Reorganizes Operations and Mobilizes to Enter the 7 Billion Dollar Marijuana Market
Commencing with the Appointment of New Acting Chief Executive Officer, Thu Pham, the Company Prepares to Serve Rising New Industry
IRVINE, CA -- (Marketwired) -- 10/26/16 -- UA Multimedia, Inc. (OTC: UAMM), a media company, announced today that due to weak results in the movie production business, the Company has appointed Thu Pham as acting CEO to oversee a shift in operations and guide the Company into the advantageous and thriving cannabis industry; just ahead of the November ballot, in anticipation of a substantial resulting increase in demand.
Mr. Pham brings to the table a fresh proactive approach that is expected to propel the Company's entrance strategy into the market, develop industry relationships and revenues, and build a solid corporate foundation for growth. Among the Company's primary milestones is the e-commerce conversion and launch of its newly revamped websites; cannaxa.com and cannamedi.com. The renovated sites will market and make available for purchase industry related merchandise respective to their sector. Cannaxa.com will be structured as a general online marketplace, while Cannamedi.com will revolve around the medicinal and CBD sector. The websites are slated to go live sometime in November.
According to a recent article in Huffington Post, "The end of the federal government's War on Weed is approaching fast." The article goes on to state: "No matter how the details work out, that much seems pretty clear at this point... When it happens, it will be the most significant governmental shift on a pointless and endless social 'war' since the end of Prohibition. The only remaining questions are how the mechanics of the war's end will work out, and how fast it'll happen. But whether it ends with a bang or a whimper, that end is definitely now in sight."
"This is a pivotal point in our effort to reorganize in preparation for future growth. We stand on the threshold of great developments, particularly with continually loosening legislation. We are designing our e-commerce sites to positively reflect our Company and build our brand in preparation for growth in the different segments of the Cannabis industry," stated Thu Pham, CEO of UA Multimedia, Inc. He concluded: "We firmly believe that this market still has enormous potential, and have determined to grow with the momentum in this exciting trend."
The size of the market for legal marijuana in the United States is projected to grow to $7.1 billion in 2016, according to a report by New Frontier and ArcView Market Research. That represents 26% growth over the previous year, driven largely by adult recreational sales of marijuana, according to research cited on Forbes.com website.
Due to the Company's transition, efforts continue as strategies solidify. The company plans to become current with OTC Markets in early January. Investors will be kept informed as these details are updated.
About UA Multimedia, Inc. UA Multimedia, Inc., a media company, has entered the Cannabis industry with the anticipated launch of its upcoming newly revamped websites; cannaxa.com and cannamedi.com. The renovated sites will market and make available for purchase industry related merchandise respective to their sector. Cannaxa.com will be structured as a general online marketplace, while Cannamedi.com will revolve around the medicinal and CBD sector.
For more information, please visit http://www.uammedia.com. Facebook: https://www.facebook.com/uammedia.
Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control. UA Multimedia, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
UA Multimedia, Inc.
Source: UA Multimedia, Inc.
UAMM SS (No Changes to SS) still the Same as it was July 2, 2013
On July 1, 2013, the Company issued 66,000,000 shares of its common stock to one entity for consulting services. There was no issuance of shares from July 2, 2013 to June 30, 2015. A/S 1,000,000,000
Float 260,304,163 http://www.otcmarkets.com/stock/UAMM/profile Insiders holding 140 mil non restricted shares of Float
SS Confirmed unchanged
SS is 260,304,163-FLOAT 405,649,947-OS 1,000,000,000-AS as of 7-6-16 from e-mail reply received from UAMM website.
Last Filing June Q 2015 http://www.otcmarkets.com/financialReportViewer?symbol=UAMM&id=143274
Item 4 - ISSUANCE HISTORY
From February 8, 2013 to March 31, 2013, the Company issued 15,850,000 shares of its common stock to various individuals and entities for consulting services.
From April 30, 2013 to June 30, 2013, the Company issued 253,050,000 shares of its common stock to various individuals and entities for consulting services.
On July 1, 2013, the Company issued 66,000,000 shares of its common stock to one entity for consulting services. There was no issuance of shares from July 2, 2013 to June 30, 2015.
“The Rich Woman” (“Nu Dai Gia”)
“The Rich Woman” (“Nu Dai Gia”) is a Vietnamese thriller written and directed by Le-Van Kiet and starring Nguyen Cao Ky Duyen and Thuy Hien.
The film is a fast-paced thriller about a rich business woman who is powerful and successful but her life is in shambles as she is in constant conflict with her daughter, while trying to succeed in the modern business world of Vietnam. After an incident, she tries to turn her life around by cooperating with the police who is investigating her ex-fiance to destroy his smuggling ring and at the same time heal the relationship with her daughter.
Le-Van Kiet is a well known Vietnamese American filmmaker whose previous features include “House in the Alley” (2012), the first true Vietnamese horror film that was released in in Vietnam and the United States, and “Gentle” (2014), based on a story by Dostoyevski, which premiered in the Busan International Film Festival.
Nguyen Cao Ky Duyen is one of the most famous Vietnamese American with a large following worldwide. She is well known as the long-time host of the entertainment show Paris by Night shown in the United States and all territories around the globe including Vietnam. As the main character in “The Rich Woman”, this is her first feature film in Vietnam.
Thuy Hien is Vietnam’s most decorated wushu martial artist that won 7 international gold medals including at the South East Asian (SEA) Games. In “The Rich Woman” she plays a fighter who worked for the crime organization and featured in the long fighting sequence opposite an undercover cop, played by her real-life sister Thuy Vinh, an actress and model in Vietnam.
“The Rich Woman” was released in Vietnam on May 20, 2016 by CJ CGV. The film is being shown in all theater complexes around the country and being hailed as a significant achievement in the new wave of local Vietnamese films that cater to the fast growing film market in Vietnam.
“We are in discussion with several major distributors for all territories outside of Vietnam,” stated Dan Tran, CEO of UA Multimedia. “We are also in the planning stage and looking forward to have a theatrical release of ‘The Rich Woman’ in the US in the coming months,” added Tran.
June 1, 2016
Same Share Structure since July 2013
Look Above .005 whats Possible?