NEW YORK, NY--(Marketwired - Nov 14, 2013) - Fab Universal Corporation ( NYSE MKT : FU ) engages in the distribution of digital entertainment products and services worldwide. The company operates in three segments: Wholesale, Retail, and Kiosk/Licensing. The Retail segment operates stores that offer copyright protected audio and video products, including CDs, VCDs, DVDs, Blu-rays, books, magazines, portable electronic devices, electronic digital products, and mobile storage devices in China. The Wholesale segment provides audio-video products, such as compact discs, video compact discs, and digital video discs, as well as books and magazines to audio-video products retailers. The Kiosk/Licensing segment operates FAB Intelligent Media Kiosks, which are ATM style terminals where consumers can download copyrighted music, video games, ringtones, digital books, and movies directly to their cell phones, memory sticks, or other mobile storage devices; and run video ads on the LCD screens and accept payments for utility bills, metro cards, and credit card bills. The company also provides a Web based podcast distribution platform for podcast producers wanting to broadcast their audio or video shows to people; and sells and licenses speech programming tools, related speech products and services, and distributable speech engines in approximately 13 languages. Get a full company update at the link: http://smallcaptraders.com/smallcaptraders-com-initiates-coverage-on-fab-universal-corporation/
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