UA Multimedia Invests in Pascal Studio, Strengthening AI Enabled Supply Chain Management and Financial Software Services in Southeast Asia
IRVINE, CA
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June 06, 2023 10:00 AM Eastern Daylight Time
UA Multimedia, Inc. (OTC: UAMM), a technology holding company and solution provider specializing in the areas of information technology, blockchain and artificial intelligence, today announced its acquisition of a 12% equity stake in Pascal Studio, a leading provider of AI enabled supply chain and financial data platform.
This investment aligns with the signed Letter of Intent between the two companies and enables UA Multimedia to enhance its software solutions portfolio by leveraging Pascal Studio's deep domain knowledge and technical expertise. This strategic partnership signifies a significant milestone in UAMM's commitment to the Information Technology industry.
The acquisition of Pascal Studio showcases the perfect synergy between UAMM's technology investments and Pascal Studio's innovative software development capabilities. By joining forces, both companies are poised to deliver cutting-edge solutions and drive digital transformation across various sectors.
Southeast Asia's software service industry has experienced remarkable growth in recent years, characterized by exceptional talent and a thriving entrepreneurial ecosystem. UAMM recognizes the immense potential of this market and believes that Pascal Studio, with its established presence and impressive track record, is an ideal partner for this strategic investment.
"We are delighted to announce our investment in Pascal Studio, a major solution provider in Southeast Asia's software service industry," stated Huan Nguyen, CEO of UA Multimedia. "This strategic partnership perfectly aligns with our growth strategy and strengthens our ability to deliver innovative and transformative software solutions in the future. We are confident that our combined strengths will create significant value and drive market growth."
The partnership is expected to facilitate knowledge exchange, collaboration, and the development of new technologies to address the evolving needs of customers across industries.
“We at Pascal are excited to have UA Multimedia as our strategic investors to accelerate our growth in digital transformation for the Southeast Asia market,” stated Minh Chau, CEO of Pascal Studio.
Pascal Studio's management team will continue to lead the company and drive its growth strategy while benefiting from UAMM's strategic guidance. Together, they will explore opportunities for mutual growth, capitalize on emerging market trends, and foster innovation in the software as a service landscape.
The global supply chain management market was valued at $27.2 Billion in 2022 and is projected to reach $75.6 Billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032 according to Valuates Reports.
Pascal Studio currently serves a multi-billion dollar company as a major client and is in discussions to secure other large international companies as clients in the near future.
This transaction represents the first tranche of investment and an initial effort to grow via acquisitions. Under the terms of the agreement, UA Multimedia has the option to acquire up to 30% of Pascal Common stock.
About UA Multimedia, Inc.
UA Multimedia, Inc. is a technology company and solution provider specializing in the areas of information technology, blockchain and artificial intelligence. It is also a holding company seeking to acquire domestic and foreign entities who are in the same space.
Corporate
Website: https://www.uammedia.com
Facebook: https://www.facebook.com/uamultimedia
Twitter: https://www.twitter.com/uamultimedia
About Pascal Studio:
Pascal Studio leverages the power of AI and advanced graph technologies with a unique user interface to provide fast time to value and unparalleled predictive insights. Its platform, with a current focus on supply chain management, integrates clients' data from within and across the supply chain and financial operations. At the core of the platform lies an advanced Machine Learning multi-models with a decision assistant, offering early warning and optimizing execution through exception-based management.
Corporate Website: https://pascal.studio
LinkedIn: https://www.linkedin.com/company/pascalsoftware/
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended, and section 21e of the Securities and Exchange Act of 1934, as amended. These statements reflect the intent, belief, or current expectations of the Company and its management team. However, prospective investors should be aware that not all anticipated events or results may occur. The actual results may differ materially from those projected in the forward-looking statements due to various factors. Accomplishing the described strategy is significantly dependent upon numerous factors, many of which are beyond management's control. UA Multimedia, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Contact
UA Multimedia, Inc.
Investor Relations
949.229.1208
Contact Details
Investor Relations
+1 949-229-1208
