AB International Group Announces Stock Repurchase Plans
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AB International Group Corp. Announces Share Repurchase
AB International Group Corp. (OTC: ABQQ), a prominent intellectual property and movie investment firm, has announced an initiative to repurchase 50,296,980 shares of its common stock for cancellation. The move highlights the company's robust cash flow, which continues to stem from net profitability, enabling future share repurchase opportunities.
Share Repurchase Agreements
Recently, the company entered into Repurchase Agreements with seven non-affiliated shareholders, agreeing to acquire shares amounting to 50,296,980 at a purchase price of $50,297, which will be drawn from the company's cash reserves. This strategic decision underpins the company's financial stability and commitment to returning value to its shareholders.
Innovative Streaming Platform: ABQQ.tv
AB International Group is set to launch ABQQ.tv, an interactive video streaming service designed to revolutionize how audiences engage with movies. The platform will empower film owners to upload their work on the website, while viewers can enjoy a unique educational experience through a feature known as "Cinematic Language Immersion" Partnering. This innovative service allows users to learn a language while watching, blending entertainment with education.
Launch Details and Collaboration
The official launch of ABQQ.tv is anticipated to take place in November, with partnerships already secured with owners of over 1000 films. This approach not only alleviates the financial burden associated with licensing streaming rights but also reinforces the company's focus on enriching viewer experiences.
Opportunities in Embedded Marketing
The streaming platform also opens up avenues for product placements and embedded marketing within its content. Given the rising trend of integrated brand marketing in streamed content, ABQQ.tv will naturally incorporate products into films, aligning seamlessly with storylines and enhancing authenticity.
Growing Revenue Potential
The business model behind ABQQ.tv is structured to leverage the number of films available, with an expected monthly revenue ranging from $150,000 to $250,000. ABQQ's leadership anticipates that revenues will grow significantly as more films become available on the platform.
About AB International Group Corp.
AB International Group Corp. specializes in acquisitions and licensing within the movie sector. The business operates AB Cinemas, physical theaters that currently serve audiences and have aspirations to expand across the nation. In addition to their physical presence, they also own ABQQ.tv, which capitalizes on a hybrid revenue model combining subscription and advertising methods, similar to other successful streaming platforms.
Investor Relations
For further inquiries, stakeholders can reach 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.
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