Penny Stock News Update
Jul 29, 2008 6:04:00 AM
Copyright Business Wire 2008
UOMO Media Inc. (OTCBB: UOMO), a multi-channel media and entertainment company, is pleased to provide the following update to its shareholders.
Over the past few weeks, the company has progressed well with its strategy of acquiring and developing entertainment related intellectual property assets, integrating multiple revenue streams that have been separated under traditional models.
This has been a particularly exciting period for UOMO's fully owned visual media production company, The NE Inc. On June 16th, the Company announced that The NE Inc. had won two major awards at Canada's most prestigious music video award ceremony, the MuchMusic Video Awards (MMVAs), including one for Best Rap Video. Soon after, on July 7th, the Company announced that The NE was in the production phase for music videos for six different artists. In addition, on July 21st, the Company announced that a feature film by one of The NE's in-house directors, Charles Officer, would premier at the highly prestigious Toronto International Film Festival, widely regarded as one the top film festivals in the world.
UOMO's writers and producers continue to be in strong demand across the globe and in a range of markets. In June, Tricky Stewart and Redzone, who have an exclusive international management contract with UOMO, had a duet "Power's Out" featuring Nicole Scherzinger and Sting chosen as the music for Revlon's advertising campaign featuring actress Jessica Alba. In July, UOMO announced that Tricky Stewart and Redzone Entertainment have written and produced two songs for Lindsay Lohan's soon to be released album "Spirit in the Dark". Also in July, UOMO announced that Tricky Stewart was co-executive producer with Ciara on her third album, "Fantasy Ride." Stewart produced and wrote the first single "High Price," featuring Ludacris.
In the vibrant Asia/Pacific market, UOMO's Random Music wrote "Last Angel" for the newest hit album by Kumi Koda. The album entitled "Kingdom" by the Japanese pop star has been number one in Japan and on the United World Charts and has sold over 1,200,000 copies to date.
Mr. Camara Alford, Chairman and CEO of UOMO Media commented, "I am happy to report to shareholders that we continue to gain momentum. We are working with exceptional artists, producers and directors in both established and emerging markets, exploring niches, developing exciting revenue streams and monetizing entertainment-related intellectual property."