UMEWORLD LIMITED - UMEWF STOCK NEWS

UMeWorld (OTC: UMEWF) announces the launch of its AI-powered investor relations chatbot, FAQ AI, to enhance transparency. The chatbot, developed by WotNot and INS Digital Intelligence, will assist in coordinating an investor webinar on June 4th at 12 PM EST.

Key highlights include:

1. Upcoming acquisition of a sales and marketing company in Miami, expected to add $5M in annual revenue.

2. Strategic relocation of UMeWorld's corporate headquarters from Hong Kong to Miami, facilitating closer ties with North American markets.

3. Recent $500K funding raised from insiders to support UMeWorld's expansion and acquisition efforts.

4. Planned acquisition of palm oil mills in Malaysia, using proprietary technologies to produce sustainable fuels and chemicals.

The webinar will feature CEO Michael Lee, who will discuss these initiatives and answer investor questions.

UMeWorld (OTC: UMEWF), a leader in ESG-based cooking oil and biofuel technologies, will host a webinar on June 4, 2024, at 12:00 pm EST, led by CEO Michael Lee. The webinar will discuss the company's latest strategic developments, including the acquisition of a Miami-based nutritional supplement retailer and the relocation of its headquarters to Miami, FL. UMeWorld has secured an exclusive license for enzymatic technologies to produce DAG weight loss cooking oil in North America and plans to acquire palm oil mills in Malaysia to produce sustainable fuels. Fundraising efforts have secured $500,000 from insiders, with a goal of raising $1,200,000 for the acquisition and NASDAQ uplisting expenses. UMeWorld aims to complete its NASDAQ uplisting within 90 days, enhancing visibility and investor interest.

UMeWorld (OTCPK: UMEWF) announces a strategic plan to expand in the U.S., focusing on phased development of production facilities in Miami. The plan includes three phases: bottling operations starting by Q1 2025, a small-scale manufacturing plant by late 2026, and a large-scale facility by early 2028. These initiatives aim to boost DAG oil and palm oil production, with sales projections of $200 million annually for DAG oil and over $100 million within 18 months for palm oil. CEO Michael Lee emphasizes the growth potential and technological leverage of these expansions.

UMeWorld (OTC: UMEWF) updates investors on acquisitions, uplisting, and relocation plans. The company secured a license for DAG weight loss cooking oil, pivoting towards ESG operations. They plan to acquire palm oil mills in Malaysia and collaborate on an Integrated Palm Oil Development project. UMEWF is raising $2 million for acquisitions and Nasdaq uplisting. CEO Michael Lee will host an investor webinar on May 14th, 2024, outlining the strategic vision.

UMeWorld (OTC: UMEWF) secures an exclusive license for DAG weight loss cooking oil, plans to build a pilot plant in Miami with a capacity to produce 10,000 tons per year, aiming for $200 million in annual revenue. DAG oil offers health benefits and weight loss potential, positioning UMEWF as an industry leader in the global cooking oil supply chain.

UMeWorld announces corporate domestication and issuance of Series A Preferred shares for planned acquisitions

UMeWorld announces expansion of edible oil segment with a new manufacturing facility in Canada, focusing on high DAG content oils. This diversification away from canola oil is a vital step in vertical integration efforts. The innovations in enzymatic technologies will improve product quality and create opportunities in the biodiesel market. The biodiesel market is currently valued at USD $32 billion with a 10% compound annual growth rate.

UMeWorld Limited has signed a binding Letter of Intent to purchase three Palm oil mills in Malaysia, representing nearly 2 million metric tons of Fresh Fruit Bunches (FFBs) production capacity. The purchase also includes the leading ESG technology for palm oil refinery production. The current market value of this capacity is $600 million of revenue per year or about $5.40 per outstanding share. The Company will issue Convertible Preferred Equity of $90 million. CEO Michael Lee expects the capacity addition to reflect in the company's sales and earnings in the last half of 2023.