$UAMM IRVINE, Calif., April 19, 2018 (GLOBE NEWSWIRE) --

New Post Public Reply Private Reply Replies (0) Message Board
Lets Roll
691
$UAMM IRVINE, Calif., April 19, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- UA Multimedia, Inc. (OTC:UAMM), a solution provider of cannabis ancillary products and services and crypto technology, today announces development update and outline of its crypto strategy.

Work is ongoing in the design and development of the company's cannabis ecosystem which will include free and premium ads, service provider finder, ecommerce store, profile database for professional networking, personal profile for social interaction, discussion forums and media channels. The ecosystem will consist of a collection of various websites and mobile apps.

The company is in the process of forming a new wholly owned subsidiary which will function as the main entity for the ecosystem. The entity will issue ERC20 utility tokens on the Ethereum blockchain which can be earned as customer and service rewards or purchased directly from the company. The tokens will be offered to all UA Multimedia's shareholders at a discount. Additional information of the tokens and procurement details will be provided in the near future. Pending successful development, the tokens will be listed to trade on several crypto exchanges later this year.

In addition to the usage within the company's ecosystem, the tokens can be used to purchase other cryptocurrencies as well as use on other platforms. Management plans to form partnerships with various other companies in the cannabis industry to adopt and proliferate the use of the tokens.

The cannabis industry has seen slow development since Jeff Session rescinded the Cole Memo early this year. However, last week President Trump had shown willingness to back state level marijuana regulation, a step necessary to reignite and foster growth in the industry. As a result of this development, the company will begin revisiting initiatives that it had put on hold due to Session's action. Further information about these efforts will be provided as progress is made.

"This is an exciting time for UA Multimedia with the convergence of several major developments in the cannabis and crypto arena. We have major projects in the works that will capitalize on these developments and believe they will create significant company growth and shareholder value," commented Michael Lajtay, President and interim CEO.

About UA Multimedia, Inc.

UA Multimedia, Inc. is a solution provider of cannabis ancillary products and services and crypto technology. The Company currently own and maintains MJCircle.com, a classified ads portal and Cannaxa.com, a service finder portal.

Company website: http://www.uammedia.com

Cannabis classified ads website: http://www.mjcircle.com

Cannabis service finder website: http://www.cannaxa.com

Facebook: https://www.facebook.com/uammedia, https://www.facebook.com/mjcircleads, https://www.facebook.com/cannaxa, https://www.facebook.com/cannamedi

Twitter: https://twitter.com/MJCircleAds, https://twitter.com/cannaxa

https://www.nasdaq.com/press-release/ua-multi...0419-00668
Consider all my posts my opinion and not advice to buy or sell anything. I post on stocks I own or am considering owning. Do your own DD!
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Sacrifice Unending: 9/11's Lingering Health Toll

Updated Category News Views 1

The Unseen Toll of 9/11 on the Firefighter Community Two and a half decades since that fateful morning of September 11, 2001, we're staring at a grim reality. The heroic souls of the New York City Fire Department (FDNY)—those who ran toward peril when others ran away—are still paying the price. Incredibly, more than 400 FDNY members have succumbed to World Trade...

Continue Reading
Fresh Thyme Empowers Local Brands in Michigan Debut

Updated Category News Views 2

A Community-Driven Retail Innovation The grocery game just got a little more personal in Michigan, and we're not talking about run-of-the-mill retail pitches. Fresh Thyme Market, known for its commitment to local and natural products, is shaking things up with their Pitch Thyme Competition. This ain’t your usual product presentation. It’s a whole new ball game where...

Continue Reading
ABC Honors 2026 Spirit of the Heart Leaders

Updated Category News Views 4

Celebrating Champions of Cardiovascular Health In a world where accolades often feel as cold as the stock market after a crash, it’s heartening to see genuine recognition for those who are making actual, lasting impact. On October 3, 2026, the Association of Black Cardiologists (ABC) will hold its annual Spirit of the Heart Awards at none other than Cipriani Wall...

Continue Reading
ZEEKR's Shooting Brakes Dominate: Over 400K Sold

Updated Category News Views 3

ZEEKR's Stellar Performance in a Crowded Market Another month, another bumper crop for ZEEKR's shooting brakes. These beauties aren't just hanging in there; they're leading the pack. In August alone, global deliveries marched past the 10,000 mark for the third month running—a feat not easily achieved in today's saturated automotive landscape. It's no wonder the...

Continue Reading
Global Communication Works Opens SignlLabs™ AI Licensing

Updated Category News Views 42

AI Signaling Moves Beyond GCW's Own Clients Remember when we first looked at GCW's SignlLabs and the idea of helping brands show up inside ChatGPT, Gemini, Claude, Copilot and Perplexity? Well, Global Communication Works is taking the next step. Instead of keeping its AI Signaling playbook inside the agency walls, GCW is now opening SignlLabs up for licensing

Continue Reading
Are FULC, WEAV, TECH Shareholders Getting a Raw Deal?

Updated Category News Views 3

Pocketing Insider Gains Amidst Shareholder Concerns Let me tell you, it smells like another day in the financial jungle where insiders might be feasting while the regular Joe shareholders are left nibbling on crumbs. Fulcrum Therapeutics, Weave Communications, and Bio-Techne are in the crosshairs for deals that may favor those on the inside track over you and me, the...

Continue Reading
South Florida Donor Network Honors 52 Heroic Donors

Updated Category News Views 4

A Heartfelt Tribute to Lifesavers You ever been to a gathering that reminds you how deeply human connections run? That's what happened at The Diplomat Beach Resort in Hollywood. South Florida Donor Network (SFDN) pulled together a ceremony honoring 52 donor heroes whose legacies beat strong through the recipients living thanks to their gifts. An Event Worth Attending...

Continue Reading
Push Notification Security Transforms Healthcare IT Support

Updated Category News Views 2

Cutting the Fat on IT Help Desk Bottlenecks Healthcare IT teams are fighting an uphill battle with password resets, a mundane task consuming up to half of all help desk calls. It's like trying to stop a leaking dam with duct tape. For health systems, these calls aren't just a minor annoyance—they're a full-fledged budget hog. Try telling a CIO that an agent-friendly...

Continue Reading
Woodpack Global Unveils Crate Design System: A New Era Begins

Updated Category News Views 2

Innovating the Wooden Crate Landscape An old industry got a much-needed facelift today, folks. Woodpack Global has rolled out Crate Design System™ (CDS)—a snazzy new tool that's shaking up the wooden crate design landscape. It blows the dust off outdated design methods that have been collecting cobwebs since the '60s. That's right, we’re talking about a significant...

Continue Reading
Sandbox VR Expands to Melbourne, Betting on Immersive Fun

Updated Category News Views 1

Sandbox VR Ventures into Melbourne's Heart Every now and then, a venture takes its ambitions and rolls the dice on a prime location. Sandbox VR is swaggering into Melbourne's bustling Central Business District, fresh out of its success on the Gold Coast. Opening this Melbourne venue on September 14 marks a significant leap in the company's Aussie expansion—a bold nod to...

Continue Reading

Top 5 Most Recently Viewed Articles

Russell Investments Canada Limited Reveals ETF Monthly Payouts

Updated Category News Views 159

Russell Investments Canada Limited Announces Cash Distributions Russell Investments Canada Limited today unveiled the cash distributions for the ETF Series of selected mutual funds for December 2024. The unitholders recorded as of the specified Record Date will receive the announced cash distribution per unit on the established Payment Date. Details of the ETF...

Continue Reading
EBANX Takes Significant Steps in Global Digital Payment Expansion

Updated Category News Views 150

EBANX Enhances Global Payment Operations EBANX, a renowned global Payment Service Provider (PSP) dedicated to emerging markets, has achieved a pivotal milestone by securing In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This crucial approval not only bolsters EBANX's operational framework within the...

Continue Reading
Arcadis Q3 2024 Update: Major Wins Fuel Growth and Margins

Updated Category News Views 102

Arcadis Q3 2024 Update Highlights Arcadis has released its trading update for the third quarter of 2024, showcasing impressive growth driven by significant project wins and solid revenue generation. Key Financial Performance Metrics This quarter proved to be transformative for Arcadis, with a notable order intake of €1.3 billion, representing a remarkable 50%...

Continue Reading
FS8 Expands its Reach with New Studios and Community Focus

Updated Category News Views 264

FS8 Expands its Reach with New Studios and Community Focus With recent studio openings and a vibrant brand campaign, FS8 is dedicated to growing its presence and creating community connections. This expansion is aimed at introducing more individuals to their innovative fitness classes combining Pilates, Tone, and Yoga. As FS8 continues to flourish, it's laying down a...

Continue Reading
BIO-key International to Join H.C. Wainwright Conference

Updated Category News Views 119

BIO-key International to Participate in H.C. Wainwright Conference BIO-key International, Inc. (NASDAQ: BKYI), a leading provider of innovative Identity and Access Management (IAM) software for both workforce and customer applications, is set to take part in H.C. Wainwright’s 26th Annual Hybrid Global Investment Conference. This event will take place on September 9th...

Continue Reading