UMeWorld Provides Corporate Update
Hong Kong, China (FSCwire) - The management team of UMeWorld Limited (OTCQB: UMEWF) is pleased to provide this shareholder and investor update.
UMeWorld has launched UMFun on China Mobile’s K12 educational platform in the Guizhou province. This platform is available to 1,600,000 paid subscribers and is the third Chinese Province serviced by UMFun.
UMeWorld continues to execute its market expansion plan and is preparing the imminent launch of UMFun in the Guanxi province, where China Mobile’s K12 educational platform services 1,700,000 paid subscribers. Launches in six more provinces are planned for the second half of 2015. Upon completion of the Company’s 2015 market expansion plan, UMFun will be available in ten Chinese provinces, where China Mobile’s K12 educational platform services over 22,000,000 paid subscribers. UMeWorld reaffirms that it is on track to meet an anticipated subscriber base of 2,000,000 and 10,000,000 subscribers in 2015 and 2016 respectively, as predicted in July 2014.
UMeWorld is finalizing a partnership agreement with a global leader in spoken language skills training, to launch an online English language instruction product for China. This online product will be launched through the newly established collaboration between South China Normal University and UMeWorld, as recently announced.
Further, UMeWorld is launching a loyalty program for teachers, rewarding them for their after school hours utilization of UmFun’s real time, anywhere, anytime, mobile device compatible, online formative assessment solution. The Company is initially targeting 40,000 UMFun teacher users. The goal is to enroll 600,000 of the more than 6,000,000 teacher users in China Mobile’s K12 educational platform within the next 18 months. This teacher loyalty program is the first of its kind to be offered to China Mobile’s teacher users. It is also expected to receive enthusiastic support from China Mobile’s sale agents. The adoption of UMFun’s off-school formative assessment solution by teachers paves the way for the large-scale deployment of UMFun’s assessment solution in-school. The Company’s goal is to become the preferred assessment solution provider and driver of China’s "E-School Bag Initiatives".
China Mobile’s educational platform is available to students from Kindergarten through Grade Twelve and is the largest subscription-based educational platform in the world, used mainly by teachers, parents and schools through many provinces in China.
The kindergarten-to-grade-12 (K-12) educational system in China is the largest in the world, comprising approximately 200 million students. UMeWorld is on track to becoming a leading educational service provider in China.
UMeWorld is an internet technology company with a focus on the K-12 education market in China. UMFun, the Company’s K-12 flagship product, is a cloud-based, patent-pending, adaptive learning and assessment platform that can intelligently analyze and adapt to a student’s performance and personalizes the delivery of proprietary educational items in accordance with the student’s learning needs. UMFun’s off-school version is made available to Chinese K-12 students through China Mobile, the world’s largest mobile service provider by network scale and subscriber base, serving over 801,000,000 customers.
For more information, please contact:
Ruby Hui, Executive Vice President
Telephone: (86) 020-89237947
Released July 21, 2015