AB INTL GROUP Announces Its Film “CONFUSION” Will Begin Screening on Cinemas Nationwide in End of November 2021

Rhea-AI Summary

AB International Group Corp. (OTCQB: ABQQ) has achieved a significant milestone with its film "CONFUSION" receiving a screening license from the Chinese government. Scheduled to premiere in late November 2021 across a thousand cinemas, this event supports the company’s growth strategy. Additionally, the film "Our Treasures" has grossed RMB14.1 million (USD $2.2 million) since August 2021, demonstrating solid box office performance.

Positive

• Film "CONFUSION" received a screening license from China, scheduled for late November 2021.
• Box office earnings of "Our Treasures" reached RMB14.1 million (USD $2.2 million) since August 2021.

Negative

• None.

NEW YORK, Nov. 03, 2021 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm announces its 3rd completed film “CONFUSION”, has received No. [2021] 224, Screening License from the Chinese government. The distributors agreed with the Company that the film is scheduled to be screened on thousand cinemas nationwide in the end of November 2021.

The Company also announced according to China Movie Data Info Network's box office report, that another its film “Our Treasures” total box office is RMB14.1 million (USD$2.2m) since August 1, 2021 screened on cinemas. The film “Our Treasures” is currently screening on cinemas, the distributor agreed with the Company that the film will continue screening on cinemas.

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. 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. The company is investments into NFT movie and music marketplace as the unique entertainment industry Non-Fungible Token.

For additional information visit www.abqqs.com and www.ABQQ.tv

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

What is the significance of ABQQ's film "CONFUSION" receiving a screening license?

The screening license allows "CONFUSION" to be shown in over a thousand cinemas across China, potentially enhancing revenue for AB International Group.

How much has the film "Our Treasures" earned at the box office?

As of now, "Our Treasures" has grossed RMB14.1 million (USD $2.2 million) since its release.

When is "CONFUSION" scheduled to premiere?

"CONFUSION" is scheduled to be screened at the end of November 2021.

What business model does ABQQ.tv plan to utilize?

ABQQ.tv plans to employ a hybrid subscription and advertising model to generate revenue.

What is the mission of AB International Group Corp.?

AB International Group focuses on intellectual property and movie investment, aiming to develop and distribute films.