Tampa, Florida--(Newsfile Corp. - February 12, 2021) - Umbra Applied Technologies Group, Inc (OTC Pink: UATG) is pleased to announce that the Company has retained the auditing services of BF Borgers, a distinguished full-service CPA firm, to fulfill the 2-year audit requirement in accordance with PCAOB standards. BF Borgers has represented many publicly traded companies over the years and has a working history with Culhane Meadows PLLC, UAT Groups Legal counsel.

Chief Financial Officer, Tom Crom commented, "I look forward to working with Ben and his team as we move closer to a senior exchange listing."

BF Borgers, is recognized for providing fundamental business and financial services to assist clients in identifying and achieving their professional goals. The firm's distinct performance standards include executing audits in accordance with The Sarbanes-Oxley Act of 2002 and PCAOB.

"In our continued pursuit to list UAT Group with the NYSE, bolster shareholder value and ensure the solvency of the company, we have added yet another outstanding and proven partner to our team. It was a no brainer to add BF Borgers to work hand and hand with Culhane Meadows as we progress towards meeting the NYSE's rigorous listing requirements," stated Alex Umbra, Chief Executive Officer, Umbra Applied Technologies Group.

About Umbra Applied Technologies Group, Inc.

The firm is located in Tampa Florida and focuses on advanced technologies across many disciplines. UAT Group is a holding company with interests 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 UAT Group subsidiaries.

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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 Group 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. Umbra Applied Technologies Group does not assume the obligation to update any forward-looking statement, except as required by applicable law.

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