NEW YORK, Jan. 27, 2014 /PRNewswire/ -- SeeThruEquity, a leading New York City based independent and unbiased equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has initiated coverage on UMeWorld Limited (OTCQB: UMEWF), a digital media company based in China.
"We believe UMeWorld is at the forefront of providing foreign, branded and user generated video content to Chinese consumers through the UMeLook platform with broad coverage throughout China, Hong Kong and Taiwan. UMeLook.com recently surpassed 10 million unique visitors," stated Ajay Tandon, CEO of SeeThruEquity. "The company is also involved in digital education via its UMFun.com platform, which is the only cloud based, patent-pending, adaptive learning and educational platform in China which we believe provides significant revenue growth potential. UMeWorld also recently agreed to acquire an 80% stake in a mobile game studio. We are projecting approximately $12.4 million in revenue and $4.5 million in net income in 2014. Our analysis indicates a price target of $0.67 per share, which is detailed in our report."
The report is available to SeeThruEquity Select Members on SeeThruEquity's website at http://www.seethruequity.com and can be directly accessed here: UMEWF Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack's. The report will also be available on these platforms.
Please review the Disclosure section of the report as well the Disclosures on our website at www.seethruequity.com for important information.
SeeThruEquity is an investment research and corporate access firm focused on smallcap and microcap public companies. The research is unbiased and not paid for research. The company does not do any investment banking or trading and does not own any of the stocks it covers. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack's. The firm also distributes its research to an audience of opt-in investors and has over 50 companies under coverage. SeeThruEquity also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street. For more information visit www.seethruequity.com.
About UMeWorld Limited
UMeWorld's mission is to facilitate the interaction between people -- "You" and "Me," through its UMeLook and UMFun platforms. UMeLook.com, an online video platform focused on bringing foreign video content to China, is deployed through a sophisticated CDN (Content Delivery Network) with broad coverage throughout Mainland China, Hong Kong & Taiwan. UMeLook.com plans to be a source of foreign video content for the Chinese viewer across any Internet-enabled device in China. UMFun.com is the only cloud based, patent pending adaptive learning educational platform in China. The Platform name UMFun™ in the Chinese language means 'Full Mark'. It is a cost effective, engaging and fun to use assessment and tutoring platform that can intelligently analyze and adapt to a student's performance and personalizes the delivery of proprietary educational items according to the student's learning needs.