UMeWorld CEO & Directors Purchase Shares on Open Market
UMeWorld Limited (UMEWF) an emerging digital media company based in China, announced today that its CEO and two Board Directors, recently purchased 215,000 shares in the Company on the open market, at prices ranging from $0.23 to $0.255.
Michael Lee, CEO of UMeWorld, commented, “We decided to purchase shares in the Company at this time because we believe the Company has progressed significantly in executing its business strategy. It reflects the confidence we have in the long-term growth prospects of UMeWorld. The marketplace for digital media continues to be very robust. We believe that the company’s products are very timely.”
UMeWorld’s mission is to facilitate the interaction between people — “You” and “Me,” through its UMeLook and UMFun platforms. UMeLook.com, an online video platform focused on bringing foreign video content to China, is deployed through a sophisticated CDN (Content Delivery Network) with broad coverage throughout Mainland China, Hong Kong & Taiwan. UMeLook.com plans to be a source of foreign video content for the Chinese viewer across any Internet-enabled device in China. UMFun.com is the only cloud based, patent pending adaptive learning educational platform in China. The Platform name UMFun™ in the Chinese language means ‘Full Mark’. It is a cost effective, engaging and fun to use assessment and tutoring platform that can intelligently analyze and adapt to a student’s performance and personalizes the delivery of proprietary educational items according to the student’s learning needs.
For more information: finance.yahoo.com/umeworld-ceo-directors-purchase-shares
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