UMeWorld Provides Shareholder Update
September 18 2014 - 7:30AM
Business Wire
The management team of UMeWorld Limited (OTCQB: UMEWF) is
pleased to provide a shareholder update.
UMeWorld launched an adaptive learning product named UMFun to
China Mobile’s educational platform in the Guangdong Province on
August 11th, 2014 under a three month, free trial promotion, as
previously announced. UMFun’s performance has exceeded China
Mobile’s expectation in terms of conversion rate, user activeness
and engagement. China Mobile plans to terminate the free trial
period as soon as UMeWorld has completed the integration into China
Mobile’s auto payment clearing system. China Mobile’s educational
platform is available for students in Kindergarten to Grade Twelve
and is the world’s largest subscription-based communication
platform in China used mainly by teachers, parents and schools
throughout many provinces.
Furthermore, due to the initial success with China Mobile,
UMeWorld has accelerated the expansion program of its proprietary
item bank to cover Grades 1-5 and Grades 10-12 respectively,
meaning upon completion of this expansion in December 2014, UMFun
will be able to accommodate China Mobile’s 40 million K-12
subscribers.
Michael Lee, President and CEO commented, “We are extremely
pleased that UMFun is performing to our expectations. The
"game-like" feel of the platform, which appeals to students, has
been the key to this success. The introduction of the
patent-pending adaptive learning technology, in conjunction with
the launch of an expanded item bank in December, will set UMFun
apart from competitors. UMFun will become the first and only
adaptive learning educational product in China.”
The K-12 educational system in China is the largest in the
world, comprising of approximately 230 million students. UMeWorld
is on track to becoming a leading educational service provider in
China. UMeWorld is also committed to becoming the largest provider
and repository of e-portfolios for students in China.
About China Mobile
China Mobile is the world’s largest mobile service provider by
network scale and subscriber base, serving over 767 million
customers. China Mobile is listed on both the New York and Hong
Kong Stock Exchange and is a constituent stock of the Hang Seng
Index in Hong Kong.
About UMeWorld
UMeWorld's mission is to facilitate the interaction between
people -- "You" and "Me," -- through its digital platforms.
Existing to date are, UMeLook.com - an online video platform
focused on bringing foreign video content to China and UMFun.com -
the only cloud-based, patent-pending, adaptive learning and
assessment platform in China, that can intelligently analyze and
adapt to a student’s academic performance, as well as delivering
proprietary educational items based on individual learning
needs.
For more information, please
contact:
Ruby Hui UMeWorld Limited
E-mail: info@UMeWorld.com
Telephone: 852-2824-8716
UMeWorld LimitedRuby Hui, 852-2824-8716info@UMeWorld.com
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