UOMO Media Inc., a multi-channel entertainment company has released its first Letter to Shareholders giving an overview of the company and highlighting important recent events. The letter can be found in its entirety here below:
Dear Valued Shareholder,
Recently, we have noticed an increased interest in our company. In response, we have decided to address the growing interest by way of this letter, which allows us to give you the overall background of the company, to explain some of our ideas and actions, and to highlight recent important events. We feel this will give you a framework from which to evaluate our company. We encourage you also to visit our website frequently, to view our filings made with the Securities and Exchange Commission, and to read our press releases to learn more.
By way of background for those of you unfamiliar with our business, UOMO officially came into being on October 30, 2007. We are in the business of owning and monetizing media based Intellectual Property for the music and entertainment industry. Our management team is respected in the industry for its experience, established reputation, connections and knowledge. Since its inception, UOMO has distinguished itself by creating a vertically integrated company in the music and entertainment industry. What this means is that UOMO is essentially a "one stop shop" for purchasing, creating, and managing intellectual media content and digital assets. We believe this approach greatly simplifies what used to be a protracted process and allows UOMO to participate in all revenue streams. Our company is made up of five divisions: UOMO Digital, UOMO Recorded Music, UOMO Talent Management, UOMO Publishing and AdUOMO. In addition, we have a subsidiary company, The NE, Inc., a full service visual media content development company, which contributes to our reputation as the leading content creator in the world. As well as a joint-venture partnership with digital strategy and communications team Bassline.
At UOMO we have looked directly in the face of the changing music and entertainment industry and acted with forthrightness and vision. At a time when others may be struggling due to uncertainty about the direction of the industry and in reaction to an economic recession, we remain steadfast and committed, purchasing and creating assets that we believe will ensure an ongoing revenue stream.
In the last month alone, UOMO has
- formed Bassline, a full-scale digital strategy company that specializes in RIA development, custom mobile apps, search engine optimization, and social network integration;
- increased our catalog of owned media-based IP;
- launched AdUOMO, our newest division tasked with researching, sourcing, and presenting marketing opportunities within entertainment properties;
- created UOMOLife.com, an online face to our innovative marketing division; and
- spent weeks in the studio with Redzone Entertainment, working with the most well known artists working in the world today.
To give you an appreciation for how our approach to business has served us, in the last nine months our revenues have increased to $635,959 with our total assets growing to $821,620. While over the same period, operating expenses have increased only slightly in comparison. We believe our trajectory will continue and encourage you to look for our annual report filing at the end of July which will be available without cost at the U.S. Securities and Exchange Commission's web site (www.sec.gov).
Most importantly, we thank you deeply for your interest and support.
Camara Alford, CEO and Chairman
UOMO Media Inc.
About UOMO Media, Inc.
UOMO Media Inc. is a multi-channel entertainment company that acquires, produces, and manages intellectual media content and digital assets. UOMO integrates existing and well-established revenue streams in recorded music, publishing and talent management through its five operating divisions: UOMO Digital, UOMO Recorded Music, UOMO Talent Management, UOMO Publishing, and newly launched, AdUOMO. PricewaterhouseCoopers estimates that by 2011, the global media and entertainment industry will be worth US$ 2 trillion.