UMeWorld Provides Corporate Update
Hong Kong, China (FSCwire) - The management team of UMeWorld Limited (OTCQB: UMEWF) is pleased to provide this shareholder update.
UMeWorld is now in receipt of the Value-Added Telecommunication Services permit ("VATS Permit") as previously announced. The VATS Permit is required by Chinese government regulators in order for the Company to collect revenue from UMFun users through China Mobile educational platform.
UMeWorld is making the final preparation for the imminent launch of UMFun on China Mobile’s K12 educational platform in the Guizhou Province. The K12 educational platform services approximately 1.5 million paid subscribers in the Guizhou Province. This will be the 3rd Chinese Province to be penetrated by UMFun.
UMeWorld was invited by China Mobile to present UMFun at the International Conference on ICT and Post 2015 Education organized by UNESCO (The United Nations Educational, Scientific and Cultural Organization) and the Ministry of Education of the People’s Republic of China on May 23-25, 2015 in Qindgao, China. China Mobile announced the official launch of the China Mobile “AND” education platform during the conference. UMFun was presented to conference guests and government officials under the China Mobile “AND” education banner.
UMeWorld is in discussions with China Mobile Beijing to be included in the “AND” education platform. The “AND” education platform will eventually consolidate all China Mobile educational platforms currently operated independently by China Mobile’s provincial subsidiaries. The inclusion of UMFun to the “AND” education platform will substantially accelerate UMFun’s market penetration in China.
UMeWorld is reaffirming its anticipated subscriber base of 2,000,000 and 10,000,000 subscribers in 2015 and 2016 respectively, as initially announced in July 2014.
China Mobile’s educational platform is available to students in 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 & 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 million customers.
For more information, please contact:
Ruby Hui, Executive Vice President
Telephone: (86) 020-89237947
Released June 3, 2015