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UMAX Group Corp. (OTC PINK:UMAX) hosted its inaugural comedy night, 'Laughter Hours,' in Los Angeles, featuring comedian Steven Briggs, and attracting a full house. The event, part of UMAX's strategy to support the comedy community through its subsidiary Funny Media Group, showcased seven comedians alongside food, drinks, and live music. UMAX aims to leverage this venture for cash flow positivity and enhanced shareholder value. Looking ahead, UMAX plans to produce content for major streaming platforms and anticipates the launch of Season 2 of its comedy specials on March 1.
UMAX Group Corp. (OTC PINK:UMAX) has announced the filming of Season 2 of its comedy specials, beginning March 6, 2022, targeting a total of 100 specials. The company transitioned into comedy development after acquiring Funny Media Group in May 2021 to achieve profitable operations. Season 1 saw 206 specials, garnering over 1.8M views on YouTube. The company aims to create content for streaming platforms, with FMG also sponsoring monthly comedy events.
UMAX Group Corp. announced plans to engage a PCAOB auditor to audit its financial statements for the year ending April 30, 2021. This action is intended to prepare for an application to up-list to the OTCQB and remove its current 'Shell Status' with OTC Markets. CEO Mr. Fletcher emphasized that this step is crucial for enhancing corporate transparency and positioning the company for strategic acquisitions, which are expected to boost revenue. The engagement letter with the auditing firm is anticipated to be signed in January 2022.
UMAX Group Corp. (OTC PINK:UMAX) has announced the filing of amended articles of incorporation with Nevada, reducing its authorized common stock from 1.85 billion shares to 500 million shares, a decrease of over 300%. This move follows the prior cancellation of 500 million shares, leading to an 89% reduction in outstanding shares. The company promises no increase in authorized common stock for at least three fiscal years. UMAX's President, Mr. Fletcher, emphasized that this restructuring allows for focused growth and upcoming acquisitions of cash flow positive entities.
UMAX Group Corp. (OTC PINK:UMAX) has signed a distribution deal with Foundation Sales and Consulting for its comedy specials. Following its acquisition of Funny Media Group in May 2021, UMAX focuses on comedy to achieve cash-flow positivity. Under the deal, a new format titled 'The Cube' will showcase episodes featuring multiple comedians. Since May 2021, FMG's YouTube channel has garnered over 1.5 million views. UMAX aims to produce content for streaming platforms like Netflix and Amazon, ultimately building a significant media catalog.
UMAX Group Corp. (OTC Pink:UMAX) continues to expand its presence in the comedy industry, recently achieving 1.5 million YouTube views from just 40 shows. Following the acquisition of Funny Media Group in May 2021, UMAX aims to become cash-flow positive through comedy development. President and CEO Rondell Fletcher announced that 200 shows have been recorded, with 160 remaining for release, starting the second season on March 1, 2022. The company plans to produce content for streaming platforms like Netflix and Amazon.
UMAX Group Corp. (OTC PINK:UMAX) has successfully canceled 500 million shares of Common Stock, representing over 89% of its previously issued shares. The cancellation, initiated by the controlling shareholder, Red Mountain Labs, Inc., lowers the total outstanding shares to 65,472,274. This strategic move aims to adjust the market capitalization to reflect a more accurate range. UMAX is also planning to reduce its authorized stock from 1.85 billion to 500 million and announces upcoming business-related announcements concerning its media production operations.
UMAX Group Corp. (OTC PINK:UMAX) announced that two of its comedy productions have been submitted for consideration at the 2021 Grammy Awards. Following the acquisition of Funny Media Group in May 2021, UMAX has pivoted to comedy development, unveiling a lineup of specials and videos. The nominated works include Symphunny, Vol. 1 by Tryf Da Comedian for Best Comedy Album and Me Gusta Latina featuring Snoop Dogg for Best Music Video. The Grammy voting commenced last week, with winners announced on January 31, 2022.
UMAX Group Corp. (OTC PINK:UMAX) has launched its first five comedy specials on its YouTube channel, produced by Funny Media Group. Following its acquisition in May 2021, UMAX aims to leverage comedy for positive cash flow and enhance shareholder returns. CEO Rondell Fletcher emphasizes supporting emerging comedians by offering them quality specials without costs. With over 110 specials taped since the acquisition, the company plans to continue releasing content weekly, targeting streaming platforms like Netflix. UMAX remains current in its mandatory filings with OTC Markets.
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