AB INTL GROUP Announces Acquisition of Chinese Film “Our Treasures (Kai Shi Er Yi)” Comes to Movie Theaters Nationwide in April 2021
AB International Group Corp. (OTCQB: ABQQ) announced the acquisition of the completed film "Our Treasures" and plans to screen it in Chinese cinemas in April 2021. The film, currently undergoing a screening license procedure, was directed by CEO Chiyuan Deng, who also directed the successful film "Love Over the World," grossing over 10 million CNY. This acquisition aligns with AB International's strategy of expanding its intellectual property portfolio and supporting its new video streaming service, ABQQ.tv, expected to generate immediate revenue post-launch.
- Acquisition of "Our Treasures" expands film portfolio.
- Planned cinema release in April 2021 could enhance revenues.
- Previous film success indicates potential for strong box office performance.
- Launch of ABQQ.tv expected to create new revenue streams from a hybrid subscription model.
- None.
NEW YORK, Feb. 18, 2021 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm announces it acquired full interest in the completed film “Our Treasures”. The completed Chinese film code 001105302020 has been announced by state authority, currently proceeding on procedure of screening license. AB Intl plans to cooperate with distributors aiming to be screened on cinemas nationwide in April 2021, the film directed by AB Intl CEO Chiyuan Deng, he directed another AB Intl film “Love Over the World” currently screening on cinemas in China, the box office has been over 10 million CNY.
About AB International Group Corp.
AB International Group Corp. is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. We are engaged to acquisition and distribution of movies. The Company has a Patent License to a video synthesis and release system for mobile communications equipment, in which the technology is the subject of a utility model patent in the People's Republic of China. The Company engages highly anticipated video streaming service targeting global multi-billion dollar and growing video streaming industry. The online service will be marketed and distributed in the world under the brand name ABQQ.tv. ABQQ.tv is expected to generate a new and profitable revenue stream immediately following its launch derived from its hybrid subscription and advertising business model.
For additional information visit www.abqqs.com.
Forward-Looking Statements
This press release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes to the Company's management team and statements relating to the Company's transformation, financial and operational performance including the acceleration of revenue and margins, and the Company's overall strategy. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in AB International Groups markets as well as the other risks detailed in company filings with the Securities and Exchange Commission. AB International Group undertakes no obligation to update any statements in this press release for changes that happen after the date of this release.
Investor Relations Contact:
Jeff Deng
(212) 918-4519
corp@abqqs.com
FAQ
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