UMAX GROUP CORP - UMAX STOCK NEWS

UMAX Group Corp. has successfully completed the acquisition of Funny Media Group, increasing its ownership to 100%. This strategic move, announced on April 14, 2022, utilizes Series B Preferred Stock to prevent immediate dilution of common shareholders. The acquisition involves an additional 1,000,000 shares issued, valued at enhancing the subsidiary's cash flow and revenue in the long term. CEO Mr. Fletcher highlighted plans for future acquisitions, including purchasing their headquarters for $2-3 million, aiming for robust growth in assets and market capitalization.

UMAX Group Corp. (OTC PINK:UMAX) announced an upgrade initiative by its subsidiary, Funny Media Group (FMG), following a distribution agreement with Vyre Network. President Rondell Fletcher emphasized the significance of this deal, which aims to enhance FMG's infrastructure, including new stages and audio upgrades. Since acquiring FMG in May 2021, UMAX has focused on comedy content, planning to produce shows for platforms like Netflix and Amazon. FMG's current YouTube shows have garnered over 2 million views, with a promising pipeline of upcoming comedy specials.

UMAX Group Corp. (OTC PINK:UMAX) has announced a significant distribution deal between its subsidiary Funny Media Group (FMG) and VYRE Network for over 200 comedy specials from Season 1. This partnership aims to expand FMG's reach globally through VYRE's multi-platform service. So far, 50 shows have garnered over 2 million views on YouTube. UMAX, focusing on comedy development since acquiring FMG in May 2021, aims for a cash-flow positive operation and plans to produce content for major streaming services.

UMAX Group Corp. (OTC PINK: UMAX) announced production of 14 music videos for rising artist Jarod Ohi by its subsidiary, Funny Media Group. Following FMG's acquisition in May 2021, UMAX aims to achieve cash-flow positivity through comedy and entertainment ventures. UMAX's President Rondell Fletcher praised Ohi's vocal talent and discussed the utilization of FMG's state-of-the-art facility for video production. The company targets streaming platforms like Netflix and Amazon for future content, with a long-term goal of expanding its media catalog for acquisition.

UMAX Group Corp. (OTC PINK:UMAX) announced successful trademark registration for "Me Gusta Latina" through its subsidiary Funny Media Group (FMG). The trademark is currently published for opposition by the USPTO, and if uncontested, it will be officially registered. The related music video has garnered nearly 4.5 million views on YouTube. Following its acquisition of FMG, UMAX aims to focus on comedy development to generate cash flow and enhance shareholder returns. FMG plans to produce streaming content for platforms like Netflix and Amazon.

UMAX Group Corp. (OTC PINK:UMAX) continues to expand its comedy content through its Funny Media Group subsidiary, achieving 2 million YouTube views with only 50 shows. Following its acquisition in May 2021, UMAX has committed to comedy as a primary focus for generating cash flow and maximizing shareholder returns. With 200 shows recorded and 150 yet to be aired, the company plans to begin Season 2 taping on March 1, 2022. The long-term vision includes producing content for major streaming platforms like Netflix and Amazon.

UMAX Group Corp. (OTC PINK:UMAX) announced its subsidiary, Funny Media Group (FMG), is in negotiations with Vyre Network to distribute over 200 comedy specials globally. President and CEO Rondell Fletcher emphasized this partnership as a significant opportunity to enhance FMG's reach and visibility. The company aims to produce content for major streaming platforms like Netflix and Amazon while continuing to grow its media catalog. FMG has already garnered over 2 million views on YouTube with 50 released specials, showcasing strong audience interest.

UMAX Group Corp. (OTC PINK:UMAX) has signed a digital marketing agreement with InkBalloon to enhance the online presence of its subsidiary, Funny Media Group (FMG). This collaboration focuses on revamping FMG's website and marketing for the upcoming Season 2 of comedy shows, starting taping in March. UMAX aims to leverage this partnership to achieve cash-flow positivity and better returns for shareholders. CEO Rondell Fletcher emphasizes FMG's goal of producing content for popular streaming platforms like Netflix and Amazon.

UMAX Group Corp. (OTC PINK:UMAX) has announced the establishment of a new state-of-the-art recording studio in Downtown Los Angeles, further expanding its subsidiary, Funny Media Group. This strategic move aims to enhance the company’s cash-flow positive operations in comedy. UMAX has recruited talented DJ Jay Rico to produce content using high-end industry equipment. As Funny Media Group prepares for Season 2 of comedy shows in March, UMAX’s goal is to create content for platforms like Netflix and Amazon, ultimately building a substantial media catalog for acquisition.