NEW YORK, Aug. 1, 2017 /PRNewswire/ -- United News International Inc. may be the biggest global news agency you've never heard of. To date, UNI's 40,000 one-minute video news reports have been viewed more than 1 billion times. Its Facebook following tops 3.6 million. Its videos reach more than 160 million Facebook users every month in every country on Earth.
And now, it's gearing up to target a market of more than 36,000 English language news publishers worldwide. They plan on licensing more than 1,000 low-cost news report videos every day. UNI expects to make money through licensing fees, while publishers would make money by selling high-demand video advertising.
To finance its ambitious plans, UNI (formerly known as NewsBeat Social Inc.) has launched a crowd-funded, Regulation A+ public offering that seeks to raise as much as $50 million over a 12-month offering period.
Founder and serial entrepreneur Stanley W. Fields calls it a "moon shot," but he and his dozens of private investors believe it's achievable because of innovative work processes and technologies that have never before been brought together in a single modern news agency.
UNI plans to use the offering proceeds to:
- Expand its centralized hub of writers, video editors and anchors;
- Expand its network of one-person field anchor/reporters to major global capitals; and
- Create a worldwide network of thousands of vetted journalism students who can accept assignments, fact-check, shoot smartphone video and upload information through UNI's proprietary, in-house UNIVERIFY app.
The U.S. Securities and Exchange Commission has qualified the offering, meaning that UNI has the green light to begin accepting investments at $8 per share. UNI expects to list its shares on the NASDAQ stock exchange under the ticker symbol "NEWZ" at the end of the offering, once NASDAQ's minimum-fund requirements are met.
"The way UNI reports news is changing the industry," says Peter Shea, the CEO of Entrepreneur Media, parent of Entrepreneur Magazine, and an early investor in UNI. "They understand the best way to get global consumers reliable news.
"It's a game changer."
Please consult United News International's extensive media kit http://press.unitednews.international/ for detailed information on the company, the stock offering, key personnel and Regulation A+ background, plus photos and representative video news reports.
Stanley W. Fields, CEO
LEGAL LEGEND: An offering statement relating to United News International's common stock has been filed with the Securities and Exchange Commission and became qualified on May 30, 2017. Prior to making any investment in United News International's securities, you should review a copy of the offering circular included in the offering statement, by clicking on the following link: https://www.sec.gov/Archives/edgar/data/1661424/000114420417026756/v466817_partiiandiii.htm or by contacting the issuer of the offering, United News International, Inc., by phone at 1-503-954-1126 or in writing at 3123 NW Industrial Street, Portland, OR 97210. No offer to sell any securities, and no solicitation of an offer to buy any securities, is being made in any jurisdiction in which such offer, sale or solicitation would not be permitted by applicable law.
FORWARD-LOOKING STATEMENTS: Some of the statements in this communication may be forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events, transactions or trends and similar matters that are not historical facts. You should not place undue reliance on forward looking statements. Although our forward-looking statements are based on our beliefs, assumptions and expectations, taking into account information currently available to us, we cannot guarantee future events, transactions, trends, results, achievements or outcomes. No assurance can be made that the expectations reflected in our forward-looking statements will be attained, or that deviations from them will not be material and adverse. We undertake no obligation, other than as maybe be required by law, to update our forward-looking statements.
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SOURCE United News International