United News International plans to fill a deficiency in the global market for a modern, video-first, facts only news service.
Social Media Portland, OR http://www.unitednews.international
United News International, Inc. (“UNI or the Company”) is a global news agency that generates fact-based reports from newsworthy events around the world and plans to license its continuously updated library to news publishers, news aggregators and web portals worldwide. Recent fake news scandals have created an unprecedented opportunity. UNI covers the four basic elements of any newsworthy event: who, what, when and where. Each news event is transformed into a self-contained news report available in three formats: Anchored Video, Text and an Audio File1 all at an internal cost of under $100 per report. Our news reports do not contain any analysis or opinion, nor do they contain native or sponsored content and content marketing masquerading as news or the latest scandal, fake news.
Fields is a serial entrepreneur with 30 years of experience in media, environmental initiatives and other businesses. Fields, who acknowledges “I failed my way to success,” says United News International is a culmination of lessons he learned the hard way and perhaps the best-timed business of his career.
In 2010, prior to founding UNI, Fields launched a pilot video news service called Net Green News. Prior to Net Green News, Fields was involved in the creation of several other media and environmental initiatives, including Cultural Creative Network and Pulse Information Network (PIN), and was an early investor in GridPoint Inc.
Outside of his business endeavors, Fields has also been involved with major philanthropic activities, including serving on the corporate board of the Environmental Media Association from 2006 through 2009.
Jonathan is a CPA and financial management professional with over 20 years of experience helping companies with audit, financial reporting, technical accounting, revenue recognition and regulatory compliance matters.
Offering 6,250,000 shares at $8.00 per share, or $50,000,000. Common stock outstanding before the offering: 19,338,226 The offering does not have a minimum offering amount, which means we will have access to any funds that are tendered by investors.
The majority of the company’s news is watched on Facebook, and changes to how Facebook distributes video content could adversely affect its business. It currently generates the majority of its audience and video views through Facebook and expects to continue to do so for the first 6 months post IPO. As a result, Facebook’s policies and practices exert significant influence over the maintenance and growth of its business. The business would be harmed if Facebook discontinues or limits access to its platform or modifies its terms and conditions or other policies, including fees charged to, or other restrictions imposed on, application developers, in ways that are unfavorable to the business.
United News International, Inc. has a limited operating history and commenced operations on February 8, 2013. Accordingly, there is only limited information upon which an evaluation of the prospects and future performance can be made. The proposed operations are subject to all business risks associated with new enterprises. It operates in an immature and rapidly evolving industry and has a relatively new business model. The industry in which it operates is characterized by rapidly changing Internet media, evolving industry standards and shifting user and client demands.
For more risk specific to our company please read the offering circular.
Crowdvest has received 10,000 shares of stock in the company in addition to 5,000 warrants at the same price as the offering ($8.00).