TAMPA, FL--(Marketwired - Aug 30, 2017) - Umbra Applied Technologies Group (OTC: UATG)

UAT Group announced today that it has re-engaged its previous investor relations firm Everest Corporate Advisors in a continued effort to provide the best possible transparency to its shareholders. This strategic move was done on the heels of the highly anticipated launch of the company's antimicrobial product line, Hygieia ASP (Active Silver Protection). Hygieia utilizes the power of specially formulated silver woven into UAT's fabric to help permanently kill viruses & bacteria.

Everest Corporate Advisors, Inc. is a multi-faceted equity markets consulting firm. The senior principals of Everest have been engaged in private equity since 1985 and together have over 50 years of experience in strategic planning and investor communications. Everest provides advisory services to dynamic small and mid-sized companies, which have included clients in the energy, specialty chemicals, high technology and healthcare sectors. Everest provides advisory services on acquisitions and merger management, capital investment, turnarounds and a myriad of other business transactions. Everest brings further value by using its multi-market experience and top-level strategic alliances to bring together unique, undervalued assets with groups that have the expertise to further enhance existing value. Everest focuses on established, long-term partnerships and business arrangements with the best companies and partners in their respective markets.

The timing of this move is in keeping with the company's long history of deliberately putting things in place one at a time in preparation of what is coming next. In fact, when asked about why Everest and why now, Chairman and Chief Executive Officer of UAT Group, Alex Umbra responded, "We have a long-established history with Everest Corp and my confidence lies in the sophistication and competence of their leadership. I was recently in Nevada assessing sites suitable to support the expansion of our AI efforts and had the opportunity to stop in on Everest's corporate headquarters. They have modernized and expanded significantly since I was there over a year ago and it forced me to ask why they were not representing us?"

Stephan Dalsgaard, the President of Everest said, "We are very excited to be back on board with UAT Group and look forward to supporting the many shareholders involved in the company. We have already begun preparing for what UAT Group has planned for the company and we are working diligently with management to provide the best plan of corporate action in the weeks and months ahead. With the recently announced product launch and the entire Hygiea product line, I am very confident in the future of UAT Group and plan to execute a number of strategic initiatives to benefit all of the company's stakeholders involved."

UAT group, at present is not releasing further information but the company's Chief Financial Officer commented, "We are currently looking to further improve our shareholders' value and we believe the timing couldn't be better to bring Everest back on board. With imminent sales pending, we believe now is the time to start focusing on building our audience. Having an investor relations firm like Everest is critical to executing and supporting our endeavors going forward."

About Umbra Applied Technologies, Inc.

Umbra Applied Technologies is a member of the Umbra Applied Technologies Group (OTC: UATG) family of companies. Headquartered in Tampa, Florida UAT Group is a technology and innovation leader specializing in defense, civil government and technology solutions. UAT Group is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services for defense, civil, and commercial applications in United States and internationally. It also provides management, engineering, technical, scientific, logistic, and information services.

For more information visit www.uatgroup.com or www.umbraappliedtechnologies.com


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 Information:

Investor and Media Contact:
Everest Corporate Advisors, Inc.
(702) 902-2361
(702) 982-1339