UMeWorld Limited Updates Investors on Acquisition, Uplist and Relocation

MIAMI, April 30, 2024 (GLOBE NEWSWIRE) -- UMeWorld Limited (OTC: UMEWF) is thankful to have the opportunity to update existing and future shareholders of the company operations and 2024 strategy to generate revenue and debut new technologies to the United States. The CEO Michael Lee provides this information as consideration and diligence for current investors and accredited investors looking for new ESG based opportunities.

Details of Investor Update;

1. UMEWF secured an exclusive license to use proprietary enzymatic technologies to manufacture and sell DAG weight loss cooking oil across North America. This allows the company to move forward with the purchase of a Miami based nutritional supplement retailer. (The Miami acquisition provides online distribution platform for the DAG oil)

2. Pivoting the company focus toward ESG based operations in the United States. UMEWF is committing itself 100% to the enzymatic production of biofuel and a weight loss cooking oil which uses an all natural process to refine its new product lines, DAG oil and Biofuel which is identical for either operations and of course, the company has the exclusive license to use it in North America.

3. The company currently has a LOI to acquire certain palm oil mills in Malaysia, and a JV with a state-owned oil and gas company to build the world first IPOD (Integrated Palm Oil Development) making the company dream a reality upon closing. The IPOD will use the same proprietary enzymatic technologies that produce the DAG oil to convert palm oil and palm oil mill effluent (POME), into high-value sustainable fuels and chemicals. POME is a wastewater generated from palm-oil milling activities which will be used as feedstocks.

Historically, the leftover water from the steaming process in palm-oil milling isn’t used, and it evaporates into methane, causing GHG emissions. UMEWF will be harnessing this gas to create renewable fuel.

4. UMeWorld is currently raising a $2,000,000 investment from a combination of institutions and accredited investors for the purposes of the proposed acquisition, Nasdaq uplisting expenses and working capital.

5. CEO Michael Lee will host a webinar on May 14th, 2024, to update investors about UMEWF’s strategic plan to become an integral supplier of food and renewable fuel applicable across a variety of industries. The details of the investor webinar will be released on Thursday May 2^nd, 2024.

“This is a very special time for us at UMeWorld as we bring ESG based technologies to the US. Cooking oil, as a division of UMEWF will have the ability to produce $200,000,000 a year of product from just the one facility in Miami where we’re moving our corporate headquarters to, and that’s too big of an opportunity to pass up. The proposed acquisition will immediately put $5,000,000 in revenue on the books. These acquisitions will open a lot of doors into developing a plan toward our second point of operations, biofuel.” Said Michael Lee - CEO of UMEWF enthusiastically.