HONG KONG--(BUSINESS WIRE)--UMeWorld Limited (OTCQB: UMEWF) an emerging digital media company based in China, announced today that its CEO and two Board Directors, recently purchased 215,000 shares in the Company on the open market, at prices ranging from $0.23 to $0.255.
Michael Lee, CEO of UMeWorld, commented, “We decided to purchase shares in the Company at this time because we believe the Company has progressed significantly in executing its business strategy. It reflects the confidence we have in the long-term growth prospects of UMeWorld. The marketplace for digital media continues to be very robust. We believe that the company’s products are very timely.”
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 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.
Forward Looking Statement
This release may contain projections and other forward-looking statements that involve risks and uncertainties. Forward-looking statements are projections reflecting management's judgment and assumptions based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “confident” and similar statements. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. Future performance cannot be assured. Readers are referred to the documents filed by UMeWorld with the Securities and Exchange Commission (SEC), specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.
Potential risks and uncertainties include, but are not limited to: whether our 2014 revenue guidance for Journey To The West can be achieved, whether a digital strategy can be achieved and the risks that there are uncertainties and matters beyond the control of management, and other risks outlined in the Company’s filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
CEA Capital Advisors