UMeWorld Limited Invites Investors to Upcoming Webinar, June 4th at 12PM EST Hosted by CEO Michael Lee to Discuss the Upcoming Acquisition and Relocation
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.
- Exclusive license for enzymatic technologies to manufacture and sell DAG weight loss cooking oil in North America.
- Acquisition of a Miami-based nutritional supplement retailer to enhance online distribution channels.
- Shift to ESG-based operations, focusing on environmentally and socially responsible practices.
- Plans to acquire several palm oil mills in Malaysia, using proprietary technologies to produce sustainable fuels and chemicals while reducing greenhouse gas emissions.
- Successful fundraising with $500,000 contributed by insiders and a goal of raising $1,200,000.
- Relocation of headquarters to Miami, FL, aiming to leverage better business opportunities and enhance company visibility.
- Plan to uplist to the NASDAQ stock exchange within 90 days, potentially attracting more investors and increasing stock liquidity.
- Significant reliance on fundraising with a goal of raising an additional $700,000, which may indicate potential cash flow issues.
- High expenses related to NASDAQ uplisting and headquarters relocation could strain financial resources.
- Execution risks associated with the acquisition of palm oil mills in Malaysia and integration of new technologies.
- Potential challenges in scaling the production and distribution of new products like DAG weight loss cooking oil in North America.
HONG KONG, May 23, 2024 (GLOBE NEWSWIRE) -- UMeWorld Limited (OTC: UMEWF), a leading company in ESG-based cooking oil and biofuel technologies, is pleased to invite investors to a special webinar hosted by the company's CEO, Michael Lee, on June 4, 2024, at 12:00 noon EST. (Webinar Registration Link) This webinar will provide an in-depth update on UMeWorld's recent strategic developments, acquisition plans, and future directions.
Webinar Details:
- Date: June 4, 2024
- Time: 12:00 pm (noon) EST
- Host: Michael Lee, CEO of UMeWorld Limited
- Registration link | Webinar Registration Link
Key Points to be Covered:
- Exclusive License for Enzymatic Technologies: UMeWorld has secured an exclusive license for proprietary enzymatic technologies to manufacture and sell DAG weight loss cooking oil across North America. This strategic move supports the recent acquisition of a Miami-based nutritional supplement retailer to enhance online distribution channels.
- Pivot to ESG-Based Operations: The company is shifting its focus to environmentally and socially responsible operations in the United States. This includes the enzymatic production of biofuel and weight loss cooking oil.
- Acquisition of Palm Oil Mills: UMeWorld plans to acquire several palm oil mills in Malaysia. These mills will use proprietary enzymatic technologies to produce sustainable fuels and chemicals from palm oil mill effluent (POME), significantly reducing greenhouse gas emissions.
- Fundraising Success: The company's fundraising efforts have been highly successful, with insiders already contributing
$500,000. UMeWorld is raising up to$1,200,000 t o support this upcoming acquisition, Nasdaq uplisting expenses, and working capital. - Headquarters Relocation and Nasdaq Uplisting: UMeWorld will relocate its corporate headquarters to Miami, FL, and aims to uplist to the NASDAQ stock exchange within the next 90 days. This move is expected to enhance the company's visibility and attract more investors.
About UMeWorld Limited:
UMeWorld Limited is an integrated edible oil company committed to promoting sustainable and innovative solutions that improve the economic, social, and environmental well-being of its stakeholders. The company is building a vertically integrated business model to become an integral supplier of food, feed, oleochemicals, and renewable fuel across various industries.
For more information, please visit www.umeworld.com or to submit questions that Mr. Lee will address on the call, simply visit our website and drop us a line.
Contact: Michael Lee, CEO
UMeWorld Limited
Email: info@umeworld.com
IR Contact:
Derek C. McCarthy
Email: derekcharlesm@gmail.com
Forward-Looking Statements
This press release may contain forward-looking statements, about UMeWorld's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, UMeWorld or its representatives have made or may make forward-looking statements, orally or in writing.
Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by UMeWorld with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of UMeWorld's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause UMeWorld's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause UMeWorld's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in UMeWorld's filings with the SEC. In addition, UMeWorld operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. UMeWorld does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 20-F and other periodic and current reports filed with the Securities and Exchange Commission.
FAQ
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Why is UMeWorld relocating its headquarters to Miami, FL?
