|Page (1) of 1 - 02/27/14||email article||print page|
Revenue Stream and Joint Venture Begins: UMining Resources Inc. and Get It Tunes Agora Inc. (GITA) Launch "Alternative" Website.(February 27, 2014)
SAINT PETERSBURG, Fla., Feb. 27, 2014 (GLOBE NEWSWIRE) -- UMining Resources Inc. (OTCPink:UMNG) (www.getittunesagora.com) announces a new joint venture with Get It Tunes Agora Inc. (GITA), a New York State registered corporation.
UMining Resources Inc. plans a new direction and a name change. It will aspire to transform itself into "the alternative" multi-media company by building alliances with international companies and "mine" the world's cultural archives. UMNG proposes to generate revenues by using the websites, proprietary catalogues and software of GITA, to offer "world class" multimedia content directly to consumers. By offering live streaming of shows and concerts, we also plan to obtain revenues through sponsorships and advertising. We will use GITA's expertise to facilitate social media interaction between artists/groups and fans.
"Streaming continues to be a very bright spot for the music industry, with more than 32% growth over last year, including a remarkable +103% increase in On-Demand Audio streaming." (David Bakula, SVP Nielsen Entertainment).
The Company will be acquiring rights of works in the Spanish language and is initially targeting the Hispanic market because the upscale Latinos have been the most market changing influence since the baby boomers. They like to "consume" content in both languages but tend to switch for audiovisual content, with wide spread usage of the Internet and mobile phones, (source Nielson Holdings).
UMining Resources Inc. (OTCPink:UMNG) a Development Stage Company, intends to enter and exploit the exciting business opportunities in the cultural industries across the world. Whether new or from the forgotten media archives of the world, UMNG plans to build a proprietary catalogue, offering what consumers are searching for, on their mobile devices and computers.
Safe Harbor Statement:
This release contains forward-looking statements that involve risks and uncertainties, including without limitation, forward-looking statements relating to the company's financial prospects and other projections of its performance, the existence of new market opportunities and interest in the company's products and solutions, and the company's ability to increase its revenue and regain profitability by capitalizing on these new market opportunities and interest and introducing new products and solutions. Among the important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are changes in demand for the company's products from its customers and their end-users, customer concentration, new and changing technologies, customer acceptance and timing of deployment of those technologies, new and continuing adverse economic conditions, and the company's ability to compete effectively with other companies. These and other factors discussed in the company's filings with the Securities and Exchange Commission, OTC Markets, Inc., and others, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management regarding future events and business performance as of the date of this release, and the company does not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.
Read more at http://www.getittunesagora.com.
CONTACT: Hariklia Tsoukalas
Related Keywords: CONSUMER, INTERNET, JOINT VENTUREInternet, Digital Media Software, Movies & Music, Web, Music, Social Media, Computers/Peripherals, Internet/Web, Prosumer/Consumer, Business, Internet, Social Media, Internet Media, audio streaming, Social Media, Inc., Music, Internet Technology, Business, Internet, Other,