Pittsburgh, PA – December 2, 2014 – Today, FAB Universal (OTC: FABU) released the following statement: Beijing FAB Cultural Dissemination Co. Ltd., a PRC Company (name translated from the Chinese), has entered into four agreements to acquire license rights to film and television content for distribution to consumers at a total cost of 525 million RMB paid over three installments. The Company’s full board of directors recently became aware of the transactions and is taking steps to determine their circumstances.

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FAB Universal Corp. is in the business of digital media entertainment sales and distribution through three business units: Digital Media Services, Retail Media Sales and Wholesale Media Distribution. FAB is a publicly held Pittsburgh based company, with thousands of shareholders and a world-class team. Visit us on the web at www.fabuniversal.com, email us at contact@fabuniversal.com.

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