NEW YORK, Sept. 22, 2020 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm announces updated progress of its 4 Chinese films.
1, “Love Over the World” (AiBianQuanQiu). The completed film code 001103542020 has been announced by state authority, currently proceeding on schedule of screening license. ABQQ plans to cooperate with distributors aiming to be screened on cinemas nationwide in November 2020, then presented on ABQQ.TV later.
2, “On the Way” (Lu Shang) The film stars Tik Tok's KOL Tian Xiaoxiao who has 15 million fans in the top short video app. When the film's post production is finished, ABQQ is planning to cooperate with distributors aiming to be screened on cinemas nationwide in Spring 2021, then presented on ABQQ.TV later.
3, “Confusion” (QiQingKuaiChe) The film is currently in post production, will be a completed film on 2nd week of October 2020, then will apply for a screening license. It will present on ABQQ.TV later.
4, “A Picture” (Hua Feng) An online movie is currently being shot, will be a completed online movie on the end of January 2021. Then will apply to present on IQIYI or Tencent video platform and Netflix and ABQQ.TV as well.
About AB International Group Corp. AB International Group Corp. is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. We are engagd to acquisition and distribution of movies. The Company has a Patent License to a video synthesis and release system for mobile communications equipment, in which the technology is the subject of a utility model patent in the People's Republic of China. The Company engages highly anticipated video streaming service targeting global multi-billion dollar and growing video streaming industry. The online service will be marketed and distributed in the world under the brand name ABQQ.tv. ABQQ.tv is expected to generate a new and profitable revenue stream immediately following its launch derived from its hybrid subscription and advertising business model.
Forward-Looking Statements This press release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes to the Company's management team and statements relating to the Company's transformation, financial and operational performance including the acceleration of revenue and margins, and the Company's overall strategy. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in AB International Groups markets as well as the other risks detailed in company filings with the Securities and Exchange Commission. AB International Group undertakes no obligation to update any statements in this press release for changes that happen after the date of this release.
Investor Relations Contact: Jeff Deng (212) 918-4519 [email protected]
