Business
UMining Resources, Inc. Announces Acquisition of Polaris Records
UMining Resources, Inc. Announces Acquisition of Polaris Records.
About this update from Stargaze Entertainment Group Inc.
[{"type":"text","content":"\nSAINT PETERSBURG, Fla., Dec. 9, 2014 (GLOBE NEWSWIRE) -- UMining Resources Inc. (OTCPink:UMNG), an entertainment production and distribution company, today announced that it has completed the acquisition of the assets of Polaris Records, an independent record label. Due diligence of the transaction was completed and approved by the Board of Directors of UMNG.\n\n\t\"We are excited about this significant addition, this will be another platform for UMNG to promote and distribute signed artists,\" said Mr. Tony Green, President and CEO of UMNG. \"We remain true to our vision of producing original media content and creating new digital distribution channels. Polaris Records will be used to produce original music content and as a media distribution channel which will provide artists with an equitable share of royalties. This complements my stated commitments to drive growth and increase shareholder value.\"\n\n\tPolaris Records is an independent record label possessing distribution agreements with \"DEP Distribution Exclusive\" and \"Believe Digital\" for both traditional and digital distribution worldwide. www.polarisrecords.ca\n\n\tAbout UMining Resources Inc. \n\n\tUMining Resources Inc. (UMNG) is an entertainment production and distribution company focused on the creation and distribution of films, music and television shows. Mr. Tony Green, President and CEO of UMNG, is an award winning filmmaker, music producer and songwriter with extensive entertainment industry experience. UMNG also pursues growth through strategic partnerships in an effort to become a competitive player in the digital distribution industry.\n\t\n\tDEP Distribution Exclusive has earned a place among the leading independent distributors of DVDs by signing major agreements with partners. www.dep.ca\n\n\tBelieve Digital is the leading worldwide digital distributor and services provider for independent artists and labels. www.believedigital.ca \n\t\n\tSafe Harbor Statement:\n\n\tThis 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 ...