UA Multimedia Inc. Releases Update to Shareholders as
Strategized Corporate Advancement Continues
IRVINE, CA -- January 12, 2017 -- InvestorsHub NewsWire -- 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 Companys 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
Companys 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
Companys 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.
About UA Multimedia, Inc.
UA Multimedia, Inc., a former media company, has entered the
cannabis industry with the anticipated launch of its turn-key
modular indoor growing systems. The Company also plans to introduce
a range of cannabis based products and dietary supplements in the
near future.
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.
Contact
UA Multimedia, Inc.
Investor Relations
949.612.1927
[email protected]
