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UMAX GROUP CORP. - Funny Media Group Builds a State-of-the-Art Recording Studio in Downtown Los Angeles Location

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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.

Positive
  • Establishment of a new state-of-the-art recording studio to enhance operations.
  • Recruitment of DJ Jay Rico to produce high-quality content.
  • Plans to produce content for major streaming services like Netflix and Amazon.
Negative
  • None.

LOS ANGELES, CA / ACCESSWIRE / February 1, 2022 / UMAX Group Corp. (OTC PINK:UMAX), a Nevada corporation, has built a state-of-the-art recording studio in its Downtown Los Angeles location, expanding the footprint of its subsidiary, Funny Media Group.

"We know that there's a natural synergy between the things we are doing in comedy and the music business," said Rondell Fletcher, UMAX President and CEO. "We are looking forward to using this new studio to complement our efforts in comedy."

After the acquisition of Funny Media Group in May 2021, UMAX has now fully transitioned into comedy development as the vehicle to achieve a cash-flow positive operation and to provide the best return on shareholder's investment.

In the new recording studio, Mr. Fletcher has recruited a top Colombian DJ, Jay Rico, 26, to produce content and score projects.

"Jay is one of the most talented young producers we've ever seen," Mr. Fletcher said."The studio itself features the best gear in the industry," Mr. Fletcher said, with names like Universal Audio, SSL, Neumann, Antares, Tube-Tech, Apple and many others. "There's nothing we can't do in this studio," Mr. Fletcher said.

Also, in this 6,000-sq.ft. location, Funny Media Group is prepping for Season 2 of comedy shows, starting in March.

"There's a lot of opportunity to create content in this facility," Mr. Fletcher said.

Mr. Fletcher has an extensive background in production and media. He has owned his own production studio in Los Angeles for the past 20 years and has produced national shows for CNN, FOX, Food Network and Comedy Central, among others.

The short-term goal for Funny Media Group is to produce content for streaming services such as Netflix and Amazon with the long-term goal of building a large media catalog for acquisition.

About Us

UMAX Group Corp. is a Nevada corporation, is a public-quoted Pink Sheet issuer under the ticker symbol "UMAX". UMAX reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings (E.g., "Pink Sheet Current").

Disclaimer Regarding Forward Looking Statements

Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions.  In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties, and assumptions.  Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.  We caution investors not to rely unduly on any forward-looking statements.

Company Information:

UMAX Group Corp.
2020 Bay Avenue
Los Angeles, California 90021
Website (FMG): https://funnymediagroup.com/
Website (FMS): https://BroadcastWest.com/
Instagram: https://www.instagram.com/funnymediagroupofficial/?hl=en
YouTube: https://www.youtube.com/c/FunnyMediaGroup
Investor Relations: Jack Zietz
Email: investors@umaxgrpcorp.com

SOURCE: UMAX Group Corp.



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FAQ

What recent development has UMAX Group Corp. announced?

UMAX Group Corp. has built a new state-of-the-art recording studio in Downtown Los Angeles.

Who is involved in content production at UMAX's new studio?

DJ Jay Rico has been recruited to produce content at the new recording studio.

What are UMAX's plans for the Funny Media Group?

UMAX aims to create content for streaming services like Netflix and Amazon.

What is the significance of the new studio for UMAX?

The new studio is intended to support UMAX’s transition into a cash-flow positive operation through comedy development.

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