PITTSBURGH--(BUSINESS WIRE)--FAB Universal (NYSE MKT: FU), a worldwide distributor of digital entertainment, today announced that international financier and Quantum Fund co-founder, Jim Rogers, was named Honorary Chairman of the Fourth International Digital Entertainment Industry Investment and Finance Summit recently produced and hosted by FAB Universal at the Shenzhen Convention and Exhibition Center. Additionally, Mr. Rogers signed a Memorandum of Understanding outlining a potential investment in FAB Universal.
More than 200 FAB Universal kiosk Agents and Licensees from several cities attended the event and nearly 50 new Licensees were signed during the two day Summit.
With the theme of Entertainment China, Digital City, the Summit brought together more than 800 top industry executives including Yan Xiaohong, Deputy Director of the State Administration of Press, Publication, Radio, Film and TV.
During the summit Mr. Rogers stated on several occasions that he believed the Chinese digital media and entertainment industry will be a new investment hot spot going forward and commended the government for their support of the industry.
About Jim Rogers
Jim Rogers is a world famous investor, financial professor and author. Mr. Rogers was the co-founder of the Quantum Fund and creator of the Rogers International Commodities Index (RICI). He was called the “Father of Austria Stock Market” and praised as, "For no one other than Jim Rogers can grasp the general trend," by the legendary investor Warren Buffett. Mr. Rogers is presently the Chairman of Beeland Interests, Inc.
Mr. Rogers graduated with a bachelor's degree in History from Yale University in 1964. He then acquired a second BA degree in Philosophy, Politics and Economics from Balliol College, Oxford University in 1966. The Quantum Fund was one of the first truly international funds. From 1970 to 1980, performance of Quantum Fund gained 4200% while the S&P advanced about 47%. In 1980, Mr. Rogers decided to "retire", and spent some of his time traveling on a motorcycle around the world. Since then, he has been a guest professor of finance at the Columbia Business School.
In 1998, Rogers founded the Rogers International Commodity Index. In February 2011, Rogers announced that he has started a new index fund that focuses on "the top companies in agriculture, mining, metals and energy sectors as well as those in the alternative energy space including solar, wind and hydro." The index is called The Rogers Global Resources Equity Index and according to Rogers, only the best and most liquid companies go into the index.
About FAB Universal Corp:
FAB Universal Corp. is a global leader in digital media entertainment sales and distribution. FAB delivers media to its customers worldwide through Intelligent Kiosks, Retail Stores, Retail Licensees and online through Apple iTunes and Google Android through three business units: Digital Media Services, Retail Media Sales and Wholesale Media Distribution. We distribute billions of movie, music, podcast, TV show and other digital files to consumers in 240 countries. Sales of digital media are generated through kiosks networks, subscription sales for mobile devices, smartphone Apps and Netflix-like subscription models. In 2012, we distributed billions of downloads of copyrighted music, video games, ringtones, ebooks, movies and podcasts to over 50 million people worldwide through iPods, iPhones, iPads, iTunes, Blackberrys, Windows Phones, Androids and many other devices and destinations. We are a publicly-held, Pittsburgh based company with thousands of shareholders and a world-class team. Visit us on the web at www.fabuniversal.com, email us at contact@fabuniversal.com.
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