UA Multimedia, Inc. announced changes in management and update of business development. The board of directors has accepted Lou Klein's resignation and concurrently appointed Michael Lajtay as the Company's President and interim Chief Executive Officer. The transition will take effect on March 30, 2018. Lajtay is currently a consultant for SupraAlgae, Inc.

As a new initiative, the company will form a wholly owned subsidiary to focus primarily on blockchain and crypto technologies. The division will provide consulting services with emphasis on cryptocurrencies, blockchain, and ICO, relating to the cannabis industry as well as other sectors. The future path for the new subsidiary is potentially a separate publicly listed company, token based ICO or asset-based ICO. Pending successful execution, UA's current shareholders will have the benefit of owning a publicly traded subsidiary or an entity with tokens traded on various cryptocurrency exchanges. The Company is currently working on a few expansion proof-of-concepts and will update all shareholders as material progress is made.