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Wednesday, June 29, 2022

Ab International Group Corp (OTCMKTS: ABQQ) Reversal For IP and Movie Investment Firm

Ab International Group Corp (OTCMKTS: ABQQ) has been very volatile in recent trading and is currently back under a penny. While the Company is an SEC filer and fully reporting OTCQB they have had difficulty building interest in the stock which has been in a downward trend over the past year since it was trading over a dime. Recently hitting lows of $0.0043 ABQQ has just 216,172,624 free trading shares and trades for less than a $3 million total valuation. 

In January the Company sold its 3 films’ “Love Over The World”, “Our Treasures” and “Confusion” broadcast rights of mainland China for a consideration of $1.8 million in cash. AB continues to own all copyrights & broadcast rights excluding mainland China. AB also sold its 2 films’ “On the Way” and “Too Simple” broadcast rights of mainland China in the end of April, AB continues to own internet broadcast rights excluding mainland China. AB acquired 20 episodes of the TV series new sitcom. The Company held 65 movies and 90 episodes of the TV series sitcom at the end of April. 

Ab International Group Corp (OTCMKTS: ABQQ) was incorporated under the laws of the State of Nevada on July 29, 2013 and originally intended to purchase used cars in the United States and sell them in Krygyzstan. The Company’s fiscal year end is August 31. Ab International Group is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. The Company is engaged in the acquisition and distribution of movies. They have a patent license to a video synthesis and release system for mobile communications equipment, in which the technology is the subject of a utility model patent in the People’s Republic of China. Ab International launched a business application (Ai Bian Quan Qiu) through smartphones and official social media accounts based on WeChat platform in February 2019, utilizing Artificial Intelligence, it is a matching platform for performers, advertiser merchants, and owners for more efficient services. The Company generates revenues through an agency service fee from each matched performance. AB’s first cinema “The Mt. Kisco Theatre” located at 144 Main Street, Mount Kisco, New York. Because the cinema is not finish decorate and repair all facilities, has no timetable for reopening. 

In January the Company sold its 3 films’ “Love Over The World”, “Our Treasures” and “Confusion” broadcast rights of mainland China for a consideration of $1.8 million in cash. AB continues to own all copyrights & broadcast rights excluding mainland China. 

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ABQQ

AB also sold its 2 films’ “On the Way” and “Too Simple” broadcast rights of mainland China in the end of April, AB continues to own internet broadcast rights excluding mainland China. AB acquired 20 episodes of the TV series new sitcom. The Company held 65 movies and 90 episodes of the TV series sitcom at the end of April. 

As of April 30, 2022, AB provided video streaming service contents website abqq.tv and ABQQ Channel on YouTube hits 4.3 million views, the services marketed and distributed in global under the brand ABQQ.tv. The channel acquired 19k subscribers. 

AB plans partnership with service provider allow movie owner to be rolled out their movie NFTs at AB’s NFT MMM, thosemovies will release global market. Because Movie Sci-fi ‘Amazing Data’ is currently created and production. AB partners with Movie Sci-fi ‘Amazing Data’ project have been delay. The Amazing Data Movie NFT’s drop has no timetable for made available to NFT MMM’s users on the platform. 

Earlier this year the Company launched its movie streaming service ABQQ TV Channel on YouTube, the services marketed and distributed globally under the brand ABQQ.tv (www.abqq.tv ) And now feature Chinese movies, television shows and drama series, unique content exclusive rights acquired by the Company. 

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ABQQ has been very volatile in recent trading and is currently back under a penny after a recent reversal off $0.0043 and move over the $0.01 mark. The Company does have several million in liabilities which has caused dilution in the past. But ABAA deserves a look at current levels, there are just 216,172,624 free trading shares and trades for less than a $3 million total valuation and ABQQ is fully reporting OTCQB. 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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