AB INTL GROUP Announces Repurchase of Common Stock for Cancelation
AB International Group Corp. (OTC: ABQQ) announced a repurchase of 50,296,980 shares of common stock for cancelation. The company entered into Repurchase Agreements with seven non-affiliate shareholders, agreeing to buy back the shares for $50,297, funded by cash on hand. ABQQ's positive cash flow from net profitability is expected to enable further share repurchases in the near future.
The company also plans to launch ABQQ.tv, a video streaming service with a unique 'Cinematic Language Immersion' feature, in November. This service will partner with broadcasting rights owners of over 1,000 movies, potentially alleviating financial pressure on streaming rights purchases. ABQQ.tv is expected to generate monthly revenue of $150,000 to $250,000 initially, with significant increases projected as new films are added to the platform.
AB International Group Corp. (OTC: ABQQ) ha annunciato un riacquisto di 50.296.980 azioni di azioni ordinarie per la cancellazione. L'azienda ha stipulato contratti di riacquisto con sette azionisti non affiliati, concordando di riacquistare le azioni per 50.297 dollari, finanziati con denaro liquido disponibile. Si prevede che il flusso di cassa positivo di ABQQ derivante dalla redditività netta permetterà ulteriori riacquisti di azioni nel prossimo futuro.
La società prevede anche di lanciare ABQQ.tv, un servizio di streaming video con una funzionalità unica di 'Immersione Linguistica Cinematica', a novembre. Questo servizio collaborerà con i titolari dei diritti di trasmissione di oltre 1.000 film, potenzialmente alleviando la pressione finanziaria sugli acquisti dei diritti di streaming. Si prevede che ABQQ.tv genererà entrate mensili di 150.000 a 250.000 dollari inizialmente, con aumenti significativi previsti man mano che nuovi film verranno aggiunti alla piattaforma.
AB International Group Corp. (OTC: ABQQ) anunció un recompra de 50,296,980 acciones de acciones comunes para su cancelación. La empresa firmó acuerdos de recompra con siete accionistas no afiliados, acordando recomprar las acciones por 50,297 dólares, financiados con efectivo disponible. Se espera que el flujo de caja positivo de ABQQ derivado de la rentabilidad neta posibilite nuevas recompensas de acciones en un futuro cercano.
La compañía también planea lanzar ABQQ.tv, un servicio de transmisión de video con una característica única de 'Inmersión en Lenguaje Cinemático', en noviembre. Este servicio colaborará con los propietarios de derechos de transmisión de más de 1,000 películas, aliviando potencialmente la presión financiera en la compra de derechos de transmisión. Se espera que ABQQ.tv genere ingresos mensuales de 150,000 a 250,000 dólares inicialmente, con aumentos significativos proyectados a medida que se agreguen nuevas películas a la plataforma.
AB International Group Corp. (OTC: ABQQ)는 50,296,980 주식을 취소를 위해 재매입한다고 발표했습니다. 이 회사는 7명의 비계열 주주와 재매입 계약을 체결하고, 현금으로 50,297 달러에 주식을 되사기로 합의했습니다. ABQQ의 순 수익성에서 오는 긍정적인 현금 흐름은 가까운 미래에 추가 주식 재매입을 가능하게 할 것으로 예상됩니다.
회사는 또한 11월에 '영화적 언어 몰입' 기능을 가진 비디오 스트리밍 서비스 ABQQ.tv를 출시할 계획입니다. 이 서비스는 1,000편 이상의 영화에 대한 방송 권리 소유자와 협력하여 스트리밍 권리 구매에 대한 재정적 압박을 완화할 가능성이 있습니다. ABQQ.tv는 초기에는 월 매출이 150,000 dolar에서 250,000 달러로 예상되며, 새로운 영화가 플랫폼에 추가됨에 따라 상당한 증가가 예상됩니다.
AB International Group Corp. (OTC: ABQQ) a annoncé un rachat de 50 296 980 actions ordinaires en vue de leur annulation. La société a conclu des accords de rachat avec sept actionnaires non affiliés, s'engageant à racheter les actions pour 50 297 $, financés par les liquidités disponibles. Le flux de trésorerie positif d'ABQQ provenant de sa rentabilité nette devrait permettre de nouveaux rachats d'actions dans un avenir proche.
La société prévoit également de lancer ABQQ.tv, un service de streaming vidéo avec une fonctionnalité unique 'Immersion Linguistique Cinématographique', en novembre. Ce service s'associera avec les propriétaires des droits de diffusion de plus de 1 000 films, ce qui pourra alléger la pression financière sur les achats de droits de diffusion. On s'attend à ce qu'ABQQ.tv génère des revenus mensuels de 150 000 à 250 000 $ initialement, avec des augmentations significatives projetées à mesure que de nouveaux films seront ajoutés à la plateforme.
AB International Group Corp. (OTC: ABQQ) hat eine Rückkauf von 50.296.980 Aktien des Stammkapitals zur Stornierung angekündigt. Das Unternehmen hat Rückkaufvereinbarungen mit sieben nicht verbundenen Aktionären getroffen und sich verpflichtet, die Aktien für 50.297 Dollar zurückzukaufen, finanziert durch verfügbare Mittel. Der positive Cashflow von ABQQ aus der Nettorentabilität wird voraussichtlich weitere Aktienrückkäufe in naher Zukunft ermöglichen.
Das Unternehmen plant auch die Einführung von ABQQ.tv, einem Video-Streaming-Dienst mit einer einzigartigen Funktion 'Cinematic Language Immersion', im November. Dieser Dienst wird mit den Inhabern der Übertragungsrechte von über 1.000 Filmen zusammenarbeiten, was potenziell den finanziellen Druck beim Kauf von Streaming-Rechten verringern kann. ABQQ.tv wird anfangs voraussichtlich monatliche Einnahmen von 150.000 bis 250.000 Dollar generieren, mit signifikanten Steigerungen, wenn neue Filme zur Plattform hinzugefügt werden.
- Repurchase of 50,296,980 shares for cancelation, potentially increasing shareholder value
- Positive cash flow from net profitability enabling share repurchases
- Launch of ABQQ.tv streaming service with unique 'Cinematic Language Immersion' feature
- Partnership with broadcasting rights owners of over 1,000 movies
- Expected initial monthly revenue of $150,000 to $250,000 from ABQQ.tv
- Low repurchase price of $50,297 for over 50 million shares, potentially indicating low stock value
NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm, today announced a repurchase of 50,296,980 shares of common stock for cancelation. Its positive cash flow continues to come from net profitability to enable the repurchase of more shares in the near future.
On August 21, 2024, AB International Group Corp. (the “Company”) entered into Repurchase Agreements with seven shareholders, all non-affiliates of the Company, pursuant to which the Company agreed to repurchase shares of their Common Stock,
The Company’s positive cash flow continues to come from net profitability to enable repurchasing more shares in the near future.
The Company will open ABQQ.tv for industry learnings to allow the film’s owner to upload to the website. This empowerment service called “Cinematic Language Immersion” Partnering is a feature where viewers can watch a movie or series, and through an interactive overlay, learn the language or cultural nuances in real-time. Think of it as educational entertainment where you're not just watching, you're learning. ABQQ.tv has constructed an official launch, taking place in November. This service is working with the broadcasting rights owners of more than 1000 movies. This greatly alleviates the financial pressure on the purchase of streaming movie rights.
This unique video streaming service could imply opportunities for product placement or embedded marketing within their content, especially given our focus on movie licensing and streaming. This service could be leveraged for embedded marketing, where brands or products are integrated into the movies.
There's a noted trend towards embedded marketing, especially in content that can be streamed or viewed online, which ABQQ.tv's service model would fit into. This includes product placements that are relevant to the storyline or context, ensuring authenticity and integration.
Some discussions around embedded marketing highlight that it's not always about cash exchange but can involve barter trades. ABQQ.tv, with its focus on content, might engage in similar practices where brands could be featured in exchange for services or products. ABQQ.tv could allow brands to place their products within the movies, aligning with the content's narrative for authenticity.
Brands might be integrated into the broader content strategy of ABQQ.tv, not just in movies but potentially in promotional content, trailers, or special features.
ABQQ.tv might engage in partnerships where marketing involves more than just placement, like co-branded content or events tied to movie releases.
“The initial launch of the business is based on the number of films participated, with an expected monthly revenue of
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 in acquisition and distribution of movies. The Company operates AB Cinemas, physical movie theaters currently in NY with plans to expand nationwide (www.abcinemasny.com). The company also owns ABQQ.tv which is a movie and TV show online streaming platform. ABQQ.tv generates revenue through a hybrid subscription model and advertising model like other online streaming platforms.
For additional information visit www.abqqs.com, www.abcinemasny.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 Group 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:
Charles Tang
(852) 2622 2891
corp@abqqs.com
Photos accompanying this announcement are available at:
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FAQ
How many shares did AB International Group Corp. (ABQQ) repurchase for cancelation?
What is the expected monthly revenue from ABQQ.tv's initial launch?
When is ABQQ.tv scheduled to launch?
What unique feature does ABQQ.tv offer to viewers?
