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Saturday, December 3, 2022

Ab International Group Corp (OTCMKTS: ABQQ) Major Reversal and Move Northbound as Co Reports Record Revenues & Looks to Uplist to OTCQB

Ab International Group Corp (OTCMKTS: ABQQ) is making a major reversal off $0.0013 lows running higher and quickly attracting a growing shareholder base who see ABQQ as way oversold at current levels. The stock has made some big moves before skyrocketing from current levels to over $0.24 per share in early 2021. Currently under heavy accumulation ABQQ an SEC filer, announced on twitter they are working to get back on the OTCQBB and will immediately stop issuing convertible debt and preferred stock; the also announced they do not anticipate doing any reverse split in the foreseeable future. 

On October 11 ABQQ announced it has obtained a license for United Artists Releasing motion pictures for exhibition at the theatre in New York operations by AB Cinemas NY, Inc., an ABQQ company. United Artists Releasing, founded in 2019, is a U.S. theatrical releasing company built upon the legacy of the iconic United Artists motion picture studio, providing a home where filmmakers are supported by thoughtful approaches to marketing, publicity and distribution. 

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Ab International Group Corp (OTCMKTS: ABQQ) is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual properties. We are engaged to acquisition and distribution of movies. The Company engages highly anticipated video streaming service targeting global multi-billion dollar and growing video streaming industry. The online service will be marketed and distributed in the world under the brand name ABQQ.tv. ABQQ.tv is expected to generate a new and profitable revenue stream immediately following its launch derived from its hybrid subscription and advertising business model.

On July 18 ABQQ announced its unaudited financial results for the nine months ended May 31, 2022. Revenues for the nine months ended May 31, 2022, increased 1908% to $2,056,000, as compared to $102,400 for the nine months ended May 31, 2021. Net loss for the nine months ended May 31, 2022, reduced 32% to the amount of $1,769,767, as compared with a net loss of $2,601,535 for the nine months ended May 31, 2021. s of May 31, 2022, the Company has $6,820,353 in total assets, as compared with total assets of $5,757,727 dated August 31, 2021. 

The Company is currently sales licensing of 1 more completed films’ broadcast right of territorial. The company also hopes to generate revenues for the balance of the fiscal year with start generate revenue of NFT MMM, as well as achieving enough customers to start subscriptions for ABQQ.tv. and generate revenue from the NY cinema box office. 

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ABQQ

In September ABQQ entered into a Master License Agreement with Universal Studios’ company Universal Film, regarding the theatrical exhibition of Universal motion pictures and/or such other audiovisual content as Universal may elect to distribute. The Company also ntered an NFT MMM License Agreement with Me Metaverse, Inc. a Delaware corporation operations metaverse projects in NYC. ABQQ granted to Me Metaverse a worldwide license to a NFT movie music marketplace, for an initial period of one year from August 20, 2022 to August 19, 2023, subject to a right to renew. The IP of the platform is owned by ABQQ. Under the Agreement, Metaverse is obligates to pay ABQQ $100,000 as setup fee within 3 days of the date of the Agreement and monthly pay license fee. 

On October 11 ABQQ announced it has obtained a license for United Artists Releasing motion pictures for exhibition at the theatre in New York operations by AB Cinemas NY, Inc., an ABQQ company. United Artists Releasing, founded in 2019, is a U.S. theatrical releasing company built upon the legacy of the iconic United Artists motion picture studio, providing a home where filmmakers are supported by thoughtful approaches to marketing, publicity and distribution. United Artists Releasing offers content creators an alternative distribution option outside of the studio system, and in addition to supporting Annapurna, MGM and Orion film slates, the company also releases third-party films. United Artists Releasing is a joint venture between Metro-Goldwyn-Mayer (MGM) and Annapurna Pictures (Annapurna). 

https://twitter.com/joshgotthebag/status/1580198674537160704

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Currently trading at a sub $1 million market valuation ABQQ OS is 427,594,207 with 385,512,030 shares in the public float. The Company is an SEC filer looking to go back to OTCQBB and has a strong balance sheet with $387,000 in the treasury, $6.8 million in total assets vs just $1.6 million in total liabilities. The Company is doing big numbers reporting revenues for the nine months ended May 31, 2022, increased 1908% to $2,056,000, as compared to $102,400 for the nine months ended May 31, 2021. In September ABQQ entered into a Master License Agreement with Universal Studios’ company Universal Film, regarding the theatrical exhibition of Universal motion pictures and/or such other audiovisual content as Universal may elect to distribute. Currently under heavy accumulation ABQQ announced on twitter they are working to get back on the OTCQBB and will immediately stop issuing convertible debt and preferred stock; the also announced they do not anticipate doing any reverse split in the foreseeable future. The stock is under heavy accumulation and quickly attracting a growing shareholder base who see ABQQ as way oversold at current levels. The stock has made some big moves before skyrocketing from current levels to over $0.24 per share in early 2021. We will be updating on ABQQ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ABQQ.

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Disclosure: we hold no position in ABQQ either long or short and we have not been compensated for this article.

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