AB INTL GROUP Updates Progress of Movie Releases

Rhea-AI Summary

AB Intl Group Corp. (OTCQB: ABQQ) announced significant updates regarding its movie projects. The film "Love Over the World" has earned RMB15.54 million (USD $2.4 million) and will continue to generate revenue through licensing. "Our Treasures" is set to premiere nationwide in China starting August 1, 2021. Additionally, the completed film "Confusion" is awaiting screening license approval while another film, "On the Way," is also in the approval process. ABQQ is also investing in a hybrid video streaming service, ABQQ.tv, expected to create new revenue streams.

Positive

• Revenue from "Love Over the World" reached RMB15.54 million (USD $2.4 million).
• "Our Treasures" will screen nationwide in China from August 1, 2021, enhancing market presence.
• ABQQ.tv aims to generate immediate revenue through subscription and advertising models.

Negative

• None.

NEW YORK, July 27, 2021 (GLOBE NEWSWIRE) -- AB Intl Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm announces updated progress of its movies.

1, “Love Over the World” has been off shelves on the end of May, its box office is RMB15.54 million (USD$2.4 m). This movie will continue to generate revenues through licensing to TV network and online streaming platforms in China currently. And will broadcast on abqq.tv for global market soon.   

2, “Our Treasures” its distributor has executed a definitive agreement with Hua Xia Film Group, the leading nationwide distributor in China to distribute the film to be screened on cinemas nationwide beginning in first day of August 2021. The ticket platform currently promoting and sales ticket now. https://maoyan.com/films/1433366

3, “Confusion” the completed film code: 001102592021 have been announced by state authority, currently proceeding on procedure of screening license. The distributor is ready aiming to be screened on cinemas nationwide as soon as received the license.
        
4, “On the Way” a completed film starring Tik Tok's KOL Tian Xiaoxiao, currently proceeding on procedure of the film approval then apply screening license. ABQQ plans to cooperate with distributors aiming to be screened on cinemas nationwide.

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 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 box office revenue of "Love Over the World"?

The box office revenue of "Love Over the World" is RMB15.54 million (USD $2.4 million).

When will "Our Treasures" be released in China?

"Our Treasures" is set to premiere nationwide in China on August 1, 2021.

What is ABQQ.tv?

ABQQ.tv is a hybrid video streaming service expected to generate new revenue for AB Intl Group.

What is the current status of the movie "Confusion"?

"Confusion" is completed and is currently awaiting screening license approval.

What films are ABQQ currently working on?

ABQQ is working on "Love Over the World," "Our Treasures," "Confusion," and "On the Way."