Commencing with the Appointment of New Acting Chief Executive
Officer, Thu Pham, the Company Prepares to Serve Rising New
Industry
IRVINE, CA -- October 26, 2016 -- InvestorsHub NewsWire -- UA
Multimedia, Inc. (OTC Markets: UAMM), a media company announced today that due to
weak results in the movie production business, the Company has
appointed Thu Pham as acting CEO to oversee a shift in operations
and guide the Company into the advantageous and thriving cannabis
industry; just ahead of the November ballot, in anticipation of a
substantial resulting increase in demand.
Mr. Pham brings to the table a fresh proactive approach that is
expected to propel the Companys entrance strategy into the market,
develop industry relationships and revenues, and build a solid
corporate foundation for growth. Among the Companys primary
milestones is the e-commerce conversion and launch of its newly
revamped websites; cannaxa.com and cannamedi.com. The renovated
sites will market and make available for purchase industry related
merchandise respective to their sector. Cannaxa.com will be
structured as a general online marketplace, while Cannamedi.com
will revolve around the medicinal and CBD sector. The websites are
slated to go live sometime in November.
According to a recent article in Huffington Post, The end of the
federal governments War on Weed is approaching fast. The article
goes on to state: No matter how the details work out, that much
seems pretty clear at this point When it happens, it will be the
most significant governmental shift on a pointless and endless
social war since the end of Prohibition. The only remaining
questions are how the mechanics of the wars end will work out, and
how fast itll happen. But whether it ends with a bang or a whimper,
that end is definitely now in sight.
This is a pivotal point in our effort to reorganize in
preparation for future growth. We stand on the threshold of great
developments, particularly with continually loosening legislation.
We are designing our e-commerce sites to positively reflect our
Company and build our brand in preparation for growth in the
different segments of the Cannabis industry. stated Thu Pham, CEO
of UA Multimedia, Inc. He concluded: We firmly believe that this
market still has enormous potential, and have determined to grow
with the momentum in this exciting trend.
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.
Due to the Companys transition, efforts continue as strategies
solidify. The company plans to become current with OTC Markets in
early January. Investors will be kept informed as these details are
updated.
About UA Multimedia, Inc.
UA Multimedia, Inc., a media company, has entered the Cannabis
industry with the anticipated launch of its upcoming newly revamped
websites; cannaxa.com and cannamedi.com. The renovated sites
will market and make available for purchase industry related
merchandise respective to their sector. Cannaxa.com will be
structured as a general online marketplace, while Cannamedi.com
will revolve around the medicinal and CBD sector.
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.
Thu Pham
Investor Relations
949.612.1927
ir@uammedia.com