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Revenue for the twelve months ended April 30, 2009 was $858,137 setting a record as the highest in the Company's history with a corresponding growth in total assets.
Overall results for the twelve-month period demonstrated strong performance and increases throughout the Company from the previous year, including an increase in total assets from $18,394 to $887,035 due to acquisitions of publishing catalogues and equity investments, along with a $228,280 increase in receivables, contributing to an additional $128,396 in positive cash flows generated from operations in the year.
"Our operating results clearly demonstrate that we have made significant strides in the past year with our vertically integrated approach, which allows us to participate in all revenue streams relating to our business of owning and monetizing media based Intellectual Property for the music and entertainment industry. We believe that even in these challenging economic times, we have created a foundation from which we may continue to build our future and that there are significant opportunities to expand our business and further grow our revenues," remarked Ms. Jueane Thiessen, CFO. "We are pleased with the results and will continue to focus on our long-term goals."
UOMO Media wishes to caution readers that any forward looking statements are just beliefs or predictions, and that actual results might differ materially from those projected in any or all of the forward-looking statements. Further, past financial business, operations and stock performance are not necessarily indicative of the company's future performance.
Forward Looking Statements:
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development and acquisition of new product lines and services, government approval processes, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties, and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K; its quarterly reports on Forms 10-Q; and any reports on Form 8-K. UOMO Media Inc. takes no obligation to update or correct forward-looking statements.
About UOMO Media Inc.
UOMO Media Inc. is a multi-channel entertainment company that acquires, produces, and manages intellectual media content and digital assets. UOMO integrates existing and well-established revenue streams in recorded music, publishing, and talent management through its five operating divisions: UOMO Digital, UOMOLife (including AdUOMO), UOMO Recorded Music, UOMO Talent Management, and UOMO Publishing. PricewaterhouseCoopers estimates that by 2011, the global media and entertainment industry will be worth US$ 2 trillion. For more details please visit www.uomomedia.com or www.uomolife.com.
SOURCE: UOMO Media Inc.
UOMO Media Inc. Main: (416) 368-4400 www.uomomedia.com Media Contact: UOMO Media Inc. Sarah Thompson, Public Relations Main: (416) 368-4400 sarah@uomomedia.com Investor Relations: UOMO Media Inc. Main: (416) 368-4400 investor@uomomedia.com
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