AB INTL GROUP Updates Progress of Movies Releases

Rhea-AI Summary

AB Intl Group Corp. (OTCQB: ABQQ) has announced significant progress regarding its film and sitcom projects. The movie “Love Over the World” has generated a box office revenue of RMB 14.87 million (USD $2.31 million) since January 22, 2021. The film “Our Treasures” is awaiting a screening license, while “On the Way” and “Confusion” are in the approval process. Additionally, the online movie “Huafeng” and the sitcom “If Time Could Stop at the Moment When We First Met” are set to premiere on ABQQ.tv on May 28, 2021.

Positive

• Box office revenue of RMB 14.87 million (USD $2.31 million) generated by “Love Over the World”.
• “Our Treasures” is ready for screening pending licensing, indicating potential future revenue.
• Upcoming releases on ABQQ.tv set for May 28, 2021, open new revenue streams.

Negative

• Timing of “Our Treasures” screening license is uncertain, delaying potential revenue.
• “On the Way” and “Confusion” have not yet received screening approval, impacting release schedules.

NEW YORK, May 12, 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 and sitcom series.

1, “Love Over the World” is currently screening on cinemas nationwide of China, according to Maoyan’s data its box office is RMB14.87 million (USD$2.31 m) now since Jan 22, 2021. The movie will continue screening.  

2,“Our Treasures” the completed film code: 001105302020 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.

3, “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.

4, “Confusion” a completed film, 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.

5, “Huafeng”, a completed online movie will be worldwide exclusive released on ABQQ.tv in May 28, 2021.

6, “If Time Could Stop at the Moment When We First Met” the completed sitcom TV series, its first season will be worldwide exclusive released on ABQQ.tv in May 28, 2021.

About AB Intl 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 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 current box office revenue for ABQQ's movie 'Love Over the World'?

As of now, 'Love Over the World' has generated a box office revenue of RMB 14.87 million (USD $2.31 million).

When will 'Huafeng' be released on ABQQ.tv?

The movie 'Huafeng' is set for worldwide exclusive release on ABQQ.tv on May 28, 2021.

Are there any upcoming shows on ABQQ.tv?

Yes, the sitcom 'If Time Could Stop at the Moment When We First Met' will also premiere on ABQQ.tv on May 28, 2021.

What is the status of the film 'Our Treasures'?

'Our Treasures' is currently awaiting a screening license after being completed.

What films are currently in approval for screening by ABIntl Group Corp?

'On the Way' and 'Confusion' are both completed and currently in the approval process for screening.