Company Announcements

HONG KONG, Oct. 08, 2024 (GLOBE NEWSWIRE) -- UMeWorld Limited (OTC: UMEWF), a leading innovator in the wellness sector, today unveiled its strategic growth plan for the upcoming year, positioning the company for sustained success as it prepares for a potential uplisting to a higher exchange. Key to this plan is the continued market expansion of DAGola Cooking Oil, alongside entry into the sports nutrition market and significant advancements in biofuel development.

Strategic Growth Initiatives

UMeWorld's growth strategy for the next 12 months will be driven by four main pillars:

1. Market Expansion with DAGola Cooking Oil
   UMeWorld is focused on strengthening its presence in the health-conscious consumer market with DAGola Cooking Oil, a premium product known for its innovative enzymatic process that reduces triglycerides by up to 80%, offering a healthier alternative to conventional oils. UMeWorld will soon introduce DAGola Premium Blend, featuring a larger size and enhanced value for consumers. The company is in active discussions with major U.S. retailers such as Whole Foods Market, Trader Joe’s, Walmart, and Amazon Fresh to secure prime shelf space and increase product visibility across the country.
2. Expansion into Sports Nutrition
   The company plans to broaden its wellness product portfolio by entering the fast-growing sports nutrition market. UMeWorld is developing new products designed to support athletic performance and recovery, targeting both fitness enthusiasts and professional athletes. The company's R&D team will focus on creating innovative, clean-label products that meet the rising demand for effective sports nutrition solutions.
3. Product Development and Innovation
   UMeWorld will continue to invest heavily in research and development, refining its product offerings to meet evolving consumer needs. Plans include the establishment of a dedicated R&D center focused on leveraging enzymatic technology for various applications, including cooking oil, skincare, biofuels, and nutritional supplements. UMeWorld is also in the process of appointing a Chief Research Officer to lead these initiatives and ensure that the company remains at the forefront of innovation in its markets.
4. Biofuel Development
   UMeWorld is advancing its biofuel strategy through the planned acquisition of palm oil mills in Malaysia, a move that will enable the company to produce sustainable second-generation biofuels such as Sustainable Aviation Fuel (SAF) and Green Diesel. The company is nearing the final stages of a joint venture with its Integrated Palm Oil Project (IPOP), which will allow for the production of biofuels using palm oil and enzymatic technology, improving efficiency and supporting global sustainability goals.

CEO Commentary

"We are committed to driving transformative growth at UMeWorld Limited," said Michael Lee, CEO of UMeWorld Limited. "Our roadmap for the next year, including the expansion of DAGola Cooking Oil, entry into sports nutrition, and biofuel initiatives, sets the stage for a successful up-listing. With our focus on market expansion and continuous innovation, we are confident in our ability to deliver significant value to both our shareholders and our customers."

About UMeWorld Limited

UMeWorld Limited (OTC: UMEWF) is a wellness-focused company that develops and markets innovative products, including DAGola Cooking Oil, nutritional supplements, and biofuels. With a commitment to using cutting-edge technology to enhance health and wellness, UMeWorld is driving growth in multiple sectors, including food, nutrition, and renewable energy.

For more information, please visit www.umeworld.com or to submit questions that Mr. Lee will address on the call, simply visit our website and drop us a line.

Contact: Michael Lee, CEO
UMeWorld Limited
Email: info@umeworld.com

IR Contact:
Derek C. McCarthy
Email: derekcharlesm@gmail.com

Forward-Looking Statements
This press release may contain forward-looking statements, about UMeWorld's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, UMeWorld or its representatives have made or may make forward-looking statements, orally or in writing.

Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by UMeWorld with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of UMeWorld's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause UMeWorld's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause UMeWorld's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in UMeWorld's filings with the SEC. In addition, UMeWorld operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. UMeWorld does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 20-F and other periodic and current reports filed with the Securities and Exchange Commission.