AB International Group Corp. Announces Share Repurchase
AB International Group Corp. (OTC: ABQQ), a leading firm in intellectual property and movie investments, has revealed plans to buy back 50,296,980 shares of its common stock for cancellation. This initiative underscores the company's strong cash flow, which is a result of its ongoing net profitability, thereby enabling future share repurchase possibilities.
Share Repurchase Agreements
Recently, the company has entered into Repurchase Agreements with seven unrelated shareholders, agreeing to purchase shares totaling 50,296,980 for a combined price of $50,297. The funds for this acquisition will come from the company's cash reserves. This strategic move not only reinforces the company's financial stability but also demonstrates its commitment to providing value to its shareholders.
Innovative Streaming Platform: ABQQ.tv
AB International Group is preparing to launch ABQQ.tv, an interactive video streaming service aimed at transforming the way audiences experience movies. This platform will allow film owners to upload their content, while viewers can benefit from a unique educational feature called "Cinematic Language Immersion" Partnering. This innovative approach enables users to learn a language while enjoying films, effectively blending entertainment with education.
Launch Details and Collaboration
The official launch of ABQQ.tv is expected in November, with partnerships already established with the owners of over 1,000 films. This strategy not only reduces the financial strain of licensing streaming rights but also emphasizes the company's dedication to enhancing viewer experiences.
Opportunities in Embedded Marketing
The streaming platform also presents new opportunities for product placements and embedded marketing within its content. With the growing trend of integrated brand marketing in streamed media, ABQQ.tv will seamlessly incorporate products into films, aligning them with storylines to enhance authenticity.
Growing Revenue Potential
The business model for ABQQ.tv is designed to capitalize on the number of films available, with projected monthly revenues ranging from $150,000 to $250,000. The leadership at ABQQ anticipates significant revenue growth as more films are added to the platform.
About AB International Group Corp.
AB International Group Corp. specializes in acquisitions and licensing in the movie industry. The company operates AB Cinemas, physical theaters that currently serve audiences and have plans for national expansion. In addition to their physical locations, they own ABQQ.tv, which utilizes a hybrid revenue model that combines subscription and advertising methods, similar to other successful streaming services.
Investor Relations
For any inquiries, stakeholders can contact Investor Relations at:
Charles Tang
(852) 2622 2891
corp@abqqs.com
Frequently Asked Questions
What is the purpose of the share repurchase by AB International Group?
The share repurchase aims to enhance shareholder value and reflects the company's positive cash flow derived from net profitability.
When is the anticipated launch of ABQQ.tv?
ABQQ.tv is set to launch in November, presenting a unique interactive viewing experience.
What is "Cinematic Language Immersion"?
This feature allows viewers to learn a language while watching movies, merging entertainment with educational opportunities.
How will ABQQ.tv handle product placements?
ABQQ.tv is poised to incorporate product placements organically within films, aligning them with storylines for authenticity.
What are the expected revenues from ABQQ.tv?
The platform anticipates monthly revenues between $150,000 to $250,000, with significant growth as more films are added.
