IRVINE, CA, Oct 22, 2013 - UA Multimedia, Inc. (OTC Pink: UAMM), a media holding company, is pleased to announce today that it has executed a purchase agreement to acquire Coco Paris Media, Inc., an independent film producer, to expand the Company's business into the multi-billion dollar entertainment industry.
Coco Paris Media is an independent film producer that specializes in making films in Asia for worldwide releases. The company currently has its horror movie, House in the Alley, scheduled for theatrical release in select U.S. theaters on October 25, 2013.
"Participating in the entertainment industry has always been part of our media business plan", said Sully Jacques, CEO of UA Multimedia. "Asia offers a huge opportunity for film making that ranges from exotic stories, locations to culture that can be very intriguing for international audience. We are excited to have an opportunity to work with an established film producer to capture such value."
Dan Tran, CEO of Coco Paris Media, added "The entertainment industry in Vietnam is still in its infancy but is maturing at a rapid pace due to the country's demographics and high demand for media consumption. We are in a great position to capture some of this market via foreign film distribution as well as producing films there for worldwide releases."
About UA Multimedia, Inc.
UA Multimedia, Inc. is a media company with holding in web and mobile applications as well as film production. 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.
About Coco Paris Media, Inc.
Coco Paris Media, Inc. is a film production company that specializes in making films in Asia for international releases. The Company also secures distribution rights of various titles worldwide for theatrical releases in Vietnam. For more information, please visit http://www.youtube.com/cocoparismedia
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.
UA Multimedia, Inc.
SOURCE: UA Multimedia, Inc.