HONG KONG -- (Marketwired) -- 07/10/13 -- UMeWorld Limited (OTCQB: UMEWF) is pleased to announce the launch of its SmartStar Home Version Subscription Service. The Company is a step closer to commercializing its digital education platform and is on track to becoming a leading education service provider in China.
SmartStar Home Version will be available through a monthly subscription of CNY$75 (US$12), enabling the user to have unlimited service access via the internet. This will initially target students in Grades 5 through 9. The Company will introduce other grades systematically over the coming quarters.
UMeWorld is currently in advance stage negotiations with several companies for the national distribution of SmartStar Charge Cards, in CNY$200 (US$33), CNY$500 (US$82) and CNY$1,000 ($163) denominations. These Charge Cards will be used solely as payment for product purchases over the SmartStar platform and will carry a 12 months expiration limit once activated.
SmartStar is a cloud-based adaptive learning education platform. Unlike traditional online courseware, SmartStar provides a concept-level assessment and evaluation of a student's learning progress. It identifies the student's strengths and weaknesses, their proficiency in a given subject area and personalizes the delivery of proprietary educational items according the student's learning needs.
UMeWorld's mission is to facilitate the interaction between people -- "You" and "Me," through its digital platform. UMeWorld intends to focus its future operations on digital media and the digital education market.
Forward Looking Statement
Statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. For a more detailed description of the risk and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission.
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