Universal Media Group Announces Plan for a Forward Stock Split and Uplisting to OTCQB
Universal Media Group (OTC Pink: UMGP) announced a planned forward share split of 5 for 1, aimed at increasing investor accessibility without affecting total market value. CEO Mike Sherman emphasized the intention to provide shareholder value without stock dilution. The company is also finalizing its financial audit for an upcoming uplisting and hinted at exciting developments, including new distribution relationships and business opportunities in film and media.
- Planned forward share split of 5 for 1 to increase investor engagement.
- No effect on total market value due to the forward split.
- Finalizing audit for planned uplisting, indicating future growth and stability.
- Exciting developments expected in distribution relationships and business opportunities.
- None.
Boca Raton, Florida, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Universal Media Group Inc. (OTC Pink: UMGP) is announcing its plans to execute a forward share split. The total market value of the shares outstanding will not be affected as a result of this forward split. Our expectation is that our forward split will be 5 for 1. We are currently working with our securities counsel to secure a date for this action.
“With continued expansion opportunities and such a small public float, we feel it necessary to provide the opportunity for more investors to engage with our company. We are continually focused on providing value to our shareholders and not diluting our stock.” - Mike Sherman, CEO
Additionally, UMGP is working with auditors to finalize the review and audit of our financials to prepare for our planned uplisting. Upon the completion of both of these corporate actions, we have very exciting news regarding new distribution relationships, progress with current business verticals, and additional business development opportunities including full-length film projects with previous “Before the Fame” guests.
About Universal Media Group Inc.:
UMGP is a digital media company with multiple revenue verticals including “Before the Fame”, “On the Mike”, “High School Icon”, and a new NFT Platform in development, as well as an exciting new PODcast starring Rashad Evans and Mike Sherman. UMGP attracts some of the brightest stars in music, film and sports to participate in our programming. www.umediagroupinc.com
Contact:
Universal Media Group Inc.
Michael Sherman
ms@umediagroupinc.com
561-908-3333
FAQ
What is the planned forward share split for UMGP?
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