UA Multimedia to Launch Cannabis Industry Specific Advertising
Portal
IRVINE, CA, (Marketwired August 17, 2017) UA Multimedia, Inc.
(OTC Markets: UAMM), today announces the
introduction of its new online cannabis advertising portal.
Specifically targeted to the cannabis market, the content rich
website is designed to facilitate the industry with a user friendly
platform offering services related to medical and recreational
cannabis.
While the basic services of the portal will be free of charge,
the website is ultimately positioned to capture a substantial
number of users who by placing product and service ads, strengthen
the platform with a broad range of content and support the overall
cannabis friendly community.
Set up like Craigslist, the Company will build its user base on
free advertising with a strategy in place to incorporate fee based
premium services. Paid advertisement will ultimately provide
vendors with premium services including highlighted classified
advertisements and enhanced banner ad placement.
On the commercial front, the Company has been experiencing
healthy on-going sales of its indoor turn-key grow stations and
related equipment. Advancements continue also on the development
and sourcing of top-quality cannabidiol (CBD) health and wellness
related products. In consideration of progress in this sector,
management anticipates the unveiling of its CBD product line and
the launch of its website in advance of the quarters end.
This is a pivotal time for our company. The business potential
leading to and beyond California legalization is very promising. We
look forward with great anticipation to being able to expand our
overall presence in the burgeoning cannabis sector. commented Thu
Pham, Chief Executive Officer.
The size of the market for cannabis in California is projected
to be $6 billion by 2020. With federal legalization the national
market is projected to reach $50B by 2026.
About UA Multimedia, Inc.
UA Multimedia, Inc., a former media company, has entered the
cannabis industry with its offering of turnkey indoor grow stations
and LED lights. Products and services related to the industry will
also be made available through its upcoming revamped websites,
cannaxa.com and cannamedi.com.
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
info@uammedia.com