UA
Multimedia Reports Fiscal 2014 Financial Results
IRVINE, CA -- March 27, 2015 -- InvestorsHub NewsWire
-- UA Multimedia, Inc. (OTC
Markets: UAMM), a media holding company today reported
financial results for the year ended December 31, 2014.
The net revenues for the year ended December 31, 2014 increased
122% to $151,750 compared to $61,900 for the year ended December
31, 2013. The increase in revenues was primarily attributed
to increased sales in film production and web development
services.
The operating expenses for the year ended December 31, 2014
increased 80% to $108,236 compared to $60,153 for the year ended
December 31, 2013. The increase in operating expenses was
primarily due to the increased cost in marketing services and
business development.
Reported earnings for the year ended 2014 were $43,514, an
increase of 2,391%, compared to a net income of $1,747 for the year
ended December 31, 2013.
.
“We are pleased to have reported fiscal 2014 results that showed
a healthy year-over-year growth”, said Sully Jacques, UA
Multimedia’s Chief Executive Officer. “We spent most of Q1
2015 promoting our movie ‘Gentle’ through numerous international
film festivals and markets. We are optimistic that such
marketing efforts will result in a successful theatrical release
which start today in Vietnam.”
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
