SAINT PETERSBURG, FL, United States, via eTeligis Inc., 06/13/2014 - - SAINT PETERSBURG, FL--(Marketwired - Jun 13, 2014) - UMining Resources Inc. (PINKSHEETS: UMNG) (OTC Pink: UMNG) announces a major acquisition.
We would like to announce the following:
UMining Resources Inc. is acquiring all the assets of Get It Tunes Agora Inc.(GITA) The acquisition will allow both management teams to consolidate the local and international operations and have a common goal.
The assets of GITA consist of contracts, acquired rights, the IP, the content of the web site and the web site. GITA will not retain any licenses and rights to its previous properties.
Get It Tunes Agora Inc. has passed all the resolutions authorizing the sale of its assets. UMining Resources Inc. is currently doing the due diligence in order to determine the value of the GITA assets. A third party will be hired to evaluate the assets.
UMining Resources Inc. is considering to offer restricted stock of the assets with no obligations to cover any debts of GITA.
Please follow us on all the social media outlets... twitter.com/getittunesagora and Facebook (www.facebook.com/GetItTunesAgora).
About Us
UMining Resources Inc. (PINKSHEETS: UMNG) (OTC Pink: 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.
CONTACT:
UMining Resources Inc.
investors@getittunesagora.com
SOURCE: UMining Resources, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
UMNG_6-13-2014_LST_ETL.docx
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