SAINT 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.
"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."
Polaris 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
About UMining Resources Inc.
UMining 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.
DEP Distribution Exclusive has earned a place among the leading independent distributors of DVDs by signing major agreements with partners. www.dep.ca
Believe Digital is the leading worldwide digital distributor and services provider for independent artists and labels. www.believedigital.ca
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, new and changing technologies, 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.