IRVINE, CA–(November 11, 2014) – UA Multimedia, Inc. (OTC Markets: UAMM), a media holding company today reported financial results for third quarter ended September 30, 2014.
The net sales for the third quarter ended September 30, 2014 increased 185% to $55,500 compared to $19,500 for the third quarter ended September 30, 2013. The operating expenses for the third quarter ended September 30, 2014 increased 68% to $30,638 compared to $18,263 for third quarter ended September 30, 2013.
Reported earnings for the third quarter 2014 were $24,862, an increase of 1,910% from the same quarter last year.
“We are pleased to have announced quarterly sales and earnings results that are in line with our 2014 expectation. For the near term, we are taking a conservative approach to growth to avoid burdening ourselves with debt or over dilution”, said Sully Jacques, UA Multimedia’s Chief Executive Officer. “We are actively working on our plans for the remainder of this year and 2015 and we expect to realize additional revenues from our Cannaxa directory listings and film distribution soon. We are also working on new product introductions as well as sourcing for acquisition candidates to further enhance our valuation.”
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.
Contact
UA Multimedia, Inc.
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