10-Baggas Factory 10

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UAMM NEWS!!!!! "retirement of stock"

UA Multimedia Inc. Releases Update to Shareholders as Strategized Corporate Advancement Continues
IRVINE, CA -- (Marketwired) -- 01/12/17 -- UA Multimedia, Inc. (OTC: UAMM), issues a shareholder update on recent advancements, and how its emerging vision and corporate strategies continue to develop in anticipation of substantially increasing demands in the evolving cannabis marketplace.
Management is pleased to reveal the introduction of a turn-key modular indoor growing station, equipped with state-of-the-art lighting and an efficient nutrient delivery system. The station will be made in USA, and can be utilized for growing organic vegetables or medicinal cannabis. The system is expected to be available for purchase by the end of this quarter.
This segment of the Company's overall strategy is expected to launch with significant momentum, generating considerable revenues short-term. This anticipation comes from the substantial amount of interest already generated thus far from individual growers in California. Consequently, the development and pre-sale of the grow stations will take precedence, as priority of the Cannaxa and CannaMedi websites is temporarily lowered while the development effort continue to undergo refinement.
Among initiated corporate strategies is the imminent updating of filings with OTC Markets to achieve the "Current" status. Finalization is expected by the end of January. Management has also developed a strategy that will enable the Company to conduct business in a variety of sectors. To more accurately reflect the Company's new evolving core business model and support successful branding efforts, the Company will apply for a name and symbol change with FINRA.
As a part of the reorganization, the Company also plans to optimize the capital structure through the retirement of stock, in an effort to strengthen its capital foundation and enhance share value in preparation for future capital raising ventures and the potential of up-listing.
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.
"We are excited about the recent industry development and our Company's prospect for 2017. Our goal is to successfully position the Company to capitalize on the burgeoning cannabis industry by offering practical and high demand products." stated Thu Pham, Chief Executive Officer. "We are actively executing the new business model and as advancement is realized, our shareholders will be promptly updated," added Pham.

http://www.otcmarkets.com/stock/UAMM/news