UMeWorld Limited is a publicly traded company (OTC QB:Stock Symbol:UMEWF). Please click here for our stock information.
UMeWorld New Trading Symbol "UMEWF" to be Effective From April 18, 2013
April 18, 2013
HONG KONG--(Marketwired - Apr 18, 2013) – UMeWorld Limited (OTCQB: ALRXF)(OTCQB:UMEWF) today announced that the company's new trading symbol "UMEWF" will become effective at the opening of trading on the OTC QB on April 18, 2013. The new trading symbol is the result of the company's new name, which was previously announced on April 15, 2013.
The change to UMeWorld and the new trading symbol will not affect existing AlphaRx stock certificates. Shareholders are not required to submit their current certificate for new UMeWorld stock certificates.
UMeWorld’s mission is to facilitate the interaction between people - “You” and “Me,” through its digital platform. Currently, UMeWorld operates UMeLook (www.umelook.com), an online video platform focused on bringing foreign video content to China. UMeLook is deployed through a sophisticated CDN (Content Delivery Network) with broad coverage throughout mainland China, Hong Kong & Taiwan. UMeLook plans to be a source of foreign video content for the Chinese viewer across any Internet-enabled device in China. UMeWorld intends to focus its future operations on digital media and the digital education market.
Certain statements made herein, including statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking statements" within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking statements are based on certain assumptions and analyses made by issuer's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risk Factors" included in the issuer's reports filed from time to time with the Securities and Exchange Commission. The reader is cautioned not to place undue reliance on forward-looking statements.
AlphaRx Announces Name Change to UMeWorld Limited - New Name Reflects Company's Focus & Direction and Commitment To Create Significant Shareholder Value
April 15, 2013
AlphaRx Inc. (OTCQB: ALRXF), today announced that effective April 15, 2013 its name will become UMeWorld Limited, and its common shares will continue to be quoted by the OTC Markets OTCQB with its current symbol ALRXF as of the market open. According toprep.1. As stated or indicated by; on the authority of: 2. In keeping with: 3. ..... Michael Lee, President of AlphaRx Inc., the name change was made to more accurately reflect the company's focus and direction. Lee said, "The name UMeWorld is a clearer, more straightforward indication of who we are, what we do, and the clients we serve. We are a digital media company connecting people together." The name change will not require any action by stockholders. Shares held in trading accounts will be automatically updated to reflect the new name in their account statements. Stockholders who hold shares in certificate form are not required to exchange their AlphaRx certificates.
The company's new focus is already yielding impressive results. “Over the past several months, we have taken decisive actions to strengthen our operations by diversifying our business. The recent acquisition of UMeLook Holdings Limited has also proven successful and the company is working on additional acquisitions to fuel growth,” said Lee. “We are excited about the future prospects of our company, and look forward to building a new recognizable brand that will enhance our visibility, improve the liquidity in our common stock and will help create significant shareholder value."
Forward Looking Statement
Statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. For a more detailed description of the risk and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission.
For more information, please contact:
E-mail: [email protected]