IRVINE, CA–(July 8, 2015) – UA Multimedia, Inc. (OTC Markets: UAMM), a media holding company is pleased to provide corporate updates and expansion plans for the near term.
Although ‘Gentle’ was very well received at the international festival circuit including the film market in Cannes, its theatrical release in Vietnam was not as successful as expected. The movie was generally well received by the critics which praised the production values, cinematography and acting of the two leads. The audience, however, did not choose to see this drama over the other fares at the theaters therefore the box office result was not as expected. The young audience in Vietnam was found to be unfamiliar with Dostoyevski and most prefers movies that are simpler, more accessible and easier to understand. However, the filmmakers are proud of the reception of the film worldwide as a unique adaptation and one of the important films in Vietnam, and believe it would stand the test of time.
The Company is pleased that Thanh Tu won the Best Actress Award at Viet Film Fest 2015. This validated the director’s pick of an unknown for the crucial role of Linh. Also, this continues the pattern of having our films win the Best Actress Award where Ngo Thanh Van achieved the same in 2013.
The Company continues to look to distribute ‘Gentle’ to various markets worldwide. In addition, the Company will seek to acquire distribution rights to various US indie movies as well as partner with or acquire small film distributors to expand its media business.
The Company also plans to expand its business to include marketing services. The services can be provided by brand ambassadors, spoke persons, models and established talents in the entertainment industry.
“Our first half of fiscal 2015 had not materialized according to plan”, said Sully Jacques, UA Multimedia’s Chief Executive Officer. “In addition to continuing to promote and distribute ‘Gentle’ through various international markets, we will expand our media business to new products and services which will result in new reliable revenue streams for our company.”
About UA Multimedia, Inc.
UA Multimedia, Inc. is a media company with holding in web, mobile applications, movie production and distribution. The Company seeks to create value through organic development, incubation and acquisition of media related assets. For more information, please visit https://uammedia.com.
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.
UA Multimedia, Inc.