Irvine, CA - November 11, 2014 - InvestorsHub NewsWire
- 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
over burdening ourselves with debt or severe 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 http://www.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.
Investor Relations
949.612.1927
info@uammedia.com