|By Marketwired .||
|July 11, 2014 07:51 AM EDT||
SAINT PETERSBURG, FL -- (Marketwired) -- 07/11/14 -- UMining Resources Inc. (OTC Pink: UMNG) (PINKSHEETS: UMNG)
We would like to announce the following:
UMining Resources Inc. has completed the due diligence for the acquisition of the assets of Get It Tines Agora Inc. (GITA). The assets include the Web Site, the license and acquired rights to the music. The assets are all free of any liens and guarantees.
We have established the value of the GITA assets to be $125,000.
UMining Resources Inc. will be completing the transaction on the 21st of July, 2014 (transaction date).
All the resolutions for the acquisitions of the GITA assets have been approved by both of the board of directors of UMining Resources Inc. and Get It Tunes Agora Inc.
We are also looking at consolidating all of management into UMining Resources Inc. The transition to consolidate both management teams will take approximately one week after the transaction date.
UMining Resources Inc. (OTC Pink: UMNG) (PINKSHEETS: UMNG) a Development Stage Company, intends to enter and exploit the exciting business opportunities in the cultural industries across the world. Whether new or from the forgotten media archives of the world, UMNG plans to build a proprietary catalogue, offering what consumers are searching for, on their mobile devices and computers.
Safe Harbor Statement:
This release contains forward-looking statements that involve risks and uncertainties, including without limitation, forward-looking statements relating to the company's financial prospects and other projections of its performance, the existence of new market opportunities and interest in the company's products and solutions, and the company's ability to increase its revenue and regain profitability by capitalizing on these new market opportunities and interest and introducing new products and solutions. Among the important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are changes in demand for the company's products from its customers and their end-users, customer concentration, new and changing technologies, customer acceptance and timing of deployment of those technologies, new and continuing adverse economic conditions, and the company's ability to compete effectively with other companies. These and other factors discussed in the company's filings with the Securities and Exchange Commission, OTC Markets, Inc., and others, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management regarding future events and business performance as of the date of this release, and the company does not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.
Read more at http://www.getittunesagora.com.
UMining Resources Inc.