(NewsDirect)
UA Multimedia, Inc.(OTC: UAMM), a technology holding company and solution providerspecializing in the areas of information technology, blockchain andartificial intelligence, today announced its acquisition of a 12%equity stake in Pascal Studio, a leading provider of AI enabled supplychain and financial data platform.
This investment aligns with the signed Letter ofIntent between the two companies and enables UA Multimedia to enhanceits software solutions portfolio by leveraging Pascal Studio'sdeep domain knowledge and technical expertise. This strategicpartnership signifies a significant milestone in UAMM's commitmentto the Information Technology industry.
The acquisition of Pascal Studio showcasesthe perfect synergy between UAMM's technology investments andPascal Studio's innovative software development capabilities. Byjoining forces, both companies are poised to deliver cutting-edgesolutions and drive digital transformation across varioussectors.
Southeast Asia's software service industry has experiencedremarkable growth in recent years, characterized by exceptional talentand a thriving entrepreneurial ecosystem. UAMM recognizes the immensepotential of this market and believes that Pascal Studio, with itsestablished presence and impressive track record, is an ideal partnerfor this strategic investment.
"We are delighted to announce our investment inPascal Studio, a major solution provider in Southeast Asia'ssoftware service industry," stated Huan Nguyen, CEO of UAMultimedia. "This strategic partnership perfectly aligns with ourgrowth strategy and strengthens our ability to deliver innovative andtransformative software solutions in the future. We are confident thatour combined strengths will create significant value and drive marketgrowth."
Thepartnership is expected to facilitate knowledge exchange,collaboration, and the development of new technologies to address theevolving needs of customers across industries.
“We at Pascal areexcited to have UA Multimedia as our strategic investors to accelerateour growth in digital transformation for the Southeast Asia market,”stated Minh Chau, CEO of Pascal Studio.
Pascal Studio's management team willcontinue to lead the company and drive its growth strategy whilebenefiting from UAMM's strategic guidance. Together, they willexplore opportunities for mutual growth, capitalize on emerging markettrends, and foster innovation in the software as a servicelandscape.
Theglobal supply chain management market was valued at $27.2 Billion in2022 and is projected to reach $75.6 Billion by 2032, growing at aCAGR of 10.9% from 2023 to 2032 according to Valuates Reports.
Pascal Studio currentlyserves a multi-billion dollar company as a major client and is indiscussions to secure other large international companies as clientsin the near future.
This transaction represents the first tranche of investment andan initial effort to grow via acquisitions. Under the terms of theagreement, UA Multimedia has the option to acquire up to 30% of PascalCommon stock.
About UA Multimedia, Inc.
UA Multimedia, Inc. isa technology company and solution provider specializing in the areasof information technology, blockchain and artificial intelligence. Itis also a holding company seeking to acquire domestic and foreignentities who are in the same space.
Corporate
Website: https://www.uammedia.com
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About PascalStudio:
PascalStudio leverages the power of AI and advanced graph technologies witha unique user interface to provide fast time to value and unparalleledpredictive insights. Its platform, with a current focus on supplychain management, integrates clients' data from within and acrossthe supply chain and financial operations. At the core of the platformlies an advanced Machine Learning multi-models with a decisionassistant, offering early warning and optimizing execution throughexception-based management.
Corporate Website: https://pascal.studio
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Forward-LookingStatements:
This release contains forward-looking statements within themeaning of Section 27a of the Securities Act of 1933, as amended, andsection 21e of the Securities and Exchange Act of 1934, as amended.These statements reflect the intent, belief, or current expectationsof the Company and its management team. However, prospective investorsshould be aware that not all anticipated events or results may occur.The actual results may differ materially from those projected in theforward-looking statements due to various factors. Accomplishing thedescribed strategy is significantly dependent upon numerous factors,many of which are beyond management's control. UA Multimedia, Inc.does not undertake any duty nor does it intend to update the resultsof these forward-looking statements.
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UA Multimedia, Inc.
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