Chinese Internet Video Company UMeWorld (UMEWF) Provides Update
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HONG KONG - May 30, 2013 (Investorideas.com newswire) The management team of UMeWorld Limited ( OTCQB: UMEWF ) is pleased to provide the following corporate updates in relation to its 2013 growth and expansion plans.
"Recent initiatives by the Company to becoming a niche player in the digital media space in China demonstrate that the we are achieving our business plan," said Michael Lee, UMeWorld's President & CEO.
While the Company has attained a number of recent achievements, Mr. Lee notes the following pivotal and important reasons for anticipated UMeWorld's future success:
Significant Web Site Audience Traffic Increase. In the 7-month period since the beta launch of UMeLook.com, to date, the company has realized significant increase in viewership. UMeLook.com is a niche player in the Chinese online video market, wherein the competition is focused on local TV series and, we different ourselves by focusing on foreign videos of less than 10 minutes duration and target affluent Chinese viewers between the age of 18-45 who are interested in foreign information, products and brands. UMeLook.com has also succeeded in entering the Chinese online video market where global players such as YouTube and Dailymotion are blocked and inaccessible in China. UMeLook.com will continue to drive viewership aggressively and in conjunction, are preparing to launch a global e-commerce platform assisting small and medium brands from worldwide sources, to expand into the Chinese market. The company hopes to generate significant advertising revenue from this e-commerce platform.
Strategic Partnerships and Alliances Add Value. The Company is actively involved with its strategic partners. These include leading Chinese telecom giants such as China Mobile. They extend UMeLook's audience reach, while creating new revenue opportunities through increased page views, and co-branded initiatives.
UMeWord is in the final development stage of an online education platform using a proprietary adaptive learning technology, designed to enhance the performance of Chinese teachers and students. There are over 170 million primary and secondary students in China, of which the company estimates over 100 million can afford to access and be benefited from this platform. The Company anticipates unveiling this online education platform in the upcoming new school year in September 2013.
Mr. Lee concludes, "2013 foresees UMeWorld effectively executing its growth strategy and we are very excited about this prospect. We are confident in our direction and look forward to continuing to build shareholder value."
UMeWorld's mission is to facilitate the interaction between people -- "You" and "Me," through its digital platform. Currently, UMeWorld operates UMeLook (www.umelook.com), an online video platform focused on bringing foreign video content to China. UMeLook is deployed through a sophisticated CDN (Content Delivery Network) with broad coverage throughout mainland China, Hong Kong & Taiwan. 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
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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