AB INTL GROUP Announces May Updates

Rhea-AI Summary

AB International Group Corp. (OTCQB: ABQQ) shared May updates revealing significant developments in its NFT movie and music marketplace. The company has successfully launched the Amazing Data Movie NFT drop, making 10,000 NFTs available for 50% copyrights. ABQQ continues expanding its cinema operations, negotiating the acquisition of four new locations while planning to reopen its Mt. Kisco Theatre. Additionally, the new movie 'Nice to Meet You' will debut globally in August. ABQQ.tv, the company's video streaming service, has achieved 4.6 million views and 20,000 subscribers as of May 31, 2022.

Positive

• Successful launch of Amazing Data Movie NFT drop with 10,000 NFTs for 50% copyrights.
• Plans to expand cinema operations with negotiations for four locations and 30 screens.
• Upcoming release of new movie 'Nice to Meet You' in August.
• ABQQ.tv service reached 4.6 million views and 20,000 subscribers.

Negative

• No timetable for reopening the Mt. Kisco Theatre.

NEW YORK, June 23, 2022 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm, today announced May updates.

NFT Movie and Music Marketplace Update

As of May 31, 2022, the Movie Sci-fi 'Amazing Data' completely released ten thousand the Amazing Data Movie NFT's drop (totally one million Stars) for 50% copyrights of the Movie Sci-fi 'Amazing Data'. All had been completed transaction on AB’s NFT MMM platform. This is the first time provides NFT MMM-based buyers who interested own IP rights and revenues of movie by owning its Movie NFT drops, obtained very good result. AB plans continue partnership with service provider allow movie owner to be rolled out their movie NFTs at AB’s NFT MMM, those movies will release global market.

New York Theaters Update

AB’s first cinema "The Mt. Kisco Theatre” located at 144 Main Street, Mount Kisco, New York. Because the cinema is still on reset up facilities, has no timetable for reopening. AB continues its theatre acquisition strategy, newly formation a subsidiary entity "AB Cinemas NY, Inc.” currently negotiations to potential acquisitions of 4 locations 30 screens.

Movies Update

AB presents a new movie “Nice to Meet You” that they recently acquired. The movie will be released global online and NY theaters in August.

Video Streaming Service Update

As of May 31, 2022, AB provided video streaming service contents website abqq.tv and ABQQ Channel on YouTube hits 4.6 million views, the services marketed and distributed in global under the brand ABQQ.tv. The channel acquired 20k subscribers.

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 properties. We are engaged to acquisition and distribution of movies. 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 investing in NFT movie and music marketplace as the unique entertainment industry Non-Fungible Token. www.stareastnet.io

For additional information visit www.abqqs.com and www.ABQQ.tv and NFT MMM www.stareastnet.io

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 updates did AB International Group Corp. announce in June 2022?

AB International Group Corp. announced updates on its NFT marketplace, cinema acquisitions, and video streaming service in June 2022.

What is the significance of the Amazing Data Movie NFT drop for ABQQ?

The Amazing Data Movie NFT drop allows buyers to own 50% copyrights of the movie, marking a significant step in ABQQ's NFT marketplace strategy.

When will the movie 'Nice to Meet You' be released?

The movie 'Nice to Meet You' is scheduled for release in August 2022.

How many views has the ABQQ.tv service achieved?

As of May 31, 2022, ABQQ.tv has achieved 4.6 million views.

What are the future plans for AB International Group Corp.'s cinema operations?

AB International Group Corp. plans to negotiate the acquisition of additional cinema locations to expand its presence.