Umbra Companies, Inc Announces Acquisitions

Tampa, Florida--(Newsfile Corp. - October 29, 2020) -  Umbra Companies, Inc. (OTC Pink: UCIX) announced today that it has initiated a series of acquisitions that will increase revenue guidance and bolster its intended portfolio of companies. The first acquisition of the year has been completed and adds Boost Words Inc, an e-platform marketing company, to its subsidiary platform.

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Figure 1: Umbra Companies Inc.

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Chief Executive Officer, Alex Umbra commented, "Over the past three years of working with Boost we have come to appreciate and depend on, the professional relationship that has brought significant value to both companies. It was only logical that Boost would eventually join and support our team. The Boost team brings an invaluable knowledge base that will support the growth of our subsidiaries thus ensuring the success of our suite of companies as well as to bolster shareholder value."

In September of 2019, Nevada based Boost Words, Inc began moving operations to Tampa, Florida in preparation for their merger with UCI. Boost Words professional management team utilizes machine learning and artificial intelligence to optimize marketing strategies and campaigns. Boost Words currently manages a significant client base and under UCI will begin expanding its capabilities and clientele.

CEO Blake Cooley was quoted, "The manner in which we process data collection and provide the analytics-based strategies is unique in the industry. We provide an in-budget campaign that is scalable over time and as needed but most importantly when it is appropriate. We have the capability to analyze data and adjust marketing strategies in real-time. This saves our client money and enables them to re-purpose funds towards expanding their business that would have otherwise been wasted. We at Boost Words are very excited about joining the Umbra family of companies and look forward to our shared value."

In January of this year Umbra Companies, Inc (UCI) began executing a series of agreements that finalized the merger and acquisitions of several U.S. based companies. Umbra Companies is currently finalizing due diligence and audits on four U.S. based companies.

Chief Executive Officer, Alex Umbra stated, "The UCI team and I have been exclusively focused on structuring a solid foundation upon which to build an extensive support system for a stable of companies that will work seamlessly together. This collective will expand the resources within our teams and ensure stability and growth. We anticipate the audits and due diligence of these companies to be completed towards the end of Q4 this year."

UCI has, and continues to review many companies that it feels will enhance its business model and support its other subsidiaries. With several companies targeted for acquisition this year alone UCI seems poised for significant growth. This year is the exception however, as it typically only intends to execute 1-2 corporate acquisitions a year. All potential acquisitions must either be revenue positive and/or bolster the existing operations of its future sister companies.

UCI CEO Mr. Umbra further commented on the company's strategy, "I believe that a more dynamic approach to the digital economy is necessary to foster operational growth in the current environment. A more organic model that promotes growth via an omnichannel structure is what will support not only our future innovation but will ensure that, in the aggregate, the subsidiaries of Umbra Companies will be disruptive brands across multiple market segments. This approach will serve to increase our market footprint and expand shareholder value by mitigating potential performance liabilities across multiple operations and segments."

About Umbra Companies, Inc.:

The firm is located in Tampa Florida and focuses on advanced technologies across many disciplines. UCI is an investment holding company that invests in both public and private companies during the early stages of development as well as growth stages of companies with a synergistic business model to UCI subsidiaries.

For more information visit: www.umbracompanies.com.

For more information about Boost Words go here: https://boostwords.com/.

NEITHER THE SECURITIES EXCHANGE COMMISION NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information

This news release may include "forward-looking statements" including forecasts, estimates, expectations, and objectives for future operations including but not limited to its ability to conclude a business combination with a third party, sale of assets, return of capital or initial public offering and a secondary listing on the OTC as a result of aforementioned and its ability to fund the exploration of its assets through the raising of equity or debt capital or through funding by a joint venture partner that are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of Umbra Applied Technologies including but not limited to capital markets and securities risks and continued development success on technology. There can be and are no actual or implied guarantees that any of the above activities will be completed or completed on terms acceptable to the Company and its shareholders or approved by any regulatory authority having jurisdiction. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Risks and uncertainties about Umbra Applied Technologies business are more fully discussed in the company's disclosure materials, including its MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Umbra Applied Technologies does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Contact:

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