ORLANDO, Fla., May 22, 2012 /PRNewswire/ -- Union Equity,
Inc. (PINKSHEETS: UNQT) is pleased to announce that it has sold its
wholly owned subsidiary, Union Equipment Leasing, Inc., and Union
Equipment Leasing, Inc.'s class 8 semi tuck inventory to Izzy
Group, LLC., a North Carolina
company, in exchange for a $750,000
promissory note to be paid on a weekly or monthly basis over a
course of three (3) years with an annual interest rate of 3%.
Union Equity, Inc. will use the funds to increase Easy Semi
Truck Leasing America LLC's inventory with newer trucks that have
fewer miles. These newer trucks will be leased to Independent
owner operators, which will help Easy Semi Truck Leasing America
increase its lease revenues and revenues from non-refundable
deposits.
"With our unique business model and aggressive growth strategy
we know we will continue to have success within the truck
transportation industry," stated Charles
Lance, CEO of Union Equity, Inc. "We are able to offer a
wide range of vehicles with our in house leasing system and are
able to protect our trucks with our non refundable deposits. We
have a large competitive advantage and are excited to expand our
fleet to offer even more drivers vehicles. We look forward to
increasing our revenues as well as increasing our asset base with
acquisitions this year."
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About Union Equity, Inc.
Union Equity, Inc. is a holding company that is comprised
of 3 subsidiaries (Easy Semi Truck Leasing America LLC, Natural
Product Laboratories LLC and Union Equity Investments, Inc.) that
cover a vast business spectrum. Easy Semi Truck Leasing
America LLC is a commercial truck leasing business engaged in
leasing class 8 commercial trucks to owner operators located around
the contiguous 48 states. Easy Semi Truck Leasing America's
strategy has been to target both groups of owner operators through
an aggressive marketing program and complete "one stop shop"
solution for the owner operator. Through their unique
business model, the Company is able to provide owner operators with
a leased truck regardless of their credit history.
Natural Product Laboratories LLC (NPL) laboratory and production
facility is located in Melbourne,
Florida and is FDA regulated and certified as well as Green
Seal approved to produce the highest quality skin-care, personal
care, hair, pet, baby and sunscreen products. The Company
specializes in formulizations of new product lines as well as
reverse engineering existing products. The staff includes a
licensed chemist and certified microbiologist, with over 25 years'
combined experience. NPL's skilled production team and broad range
of equipment allows them to accommodate almost any size order.
Packaging capabilities include a wide range of sizes for both
professional and retail use. To Learn more about Natural Product
Laboratories, please call the toll free number: 888-522-2550
Union Equity Investment, Inc. is to provide the best
possible risk-return value for Union Equity shareholders, by
making direct investments into or outright purchases of
revenue generating foreign and domestic private/public
companies, which are in the need of a strong management team
and capital in order to make it to the next level.
Safe Harbor Act:
This release includes forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 that involves risks and uncertainties including,
but not limited to, the impact of competitive products, the ability
to meet customer demand, the ability to manage growth, acquisitions
of technology, equipment, or human resources, the effect of
economic business conditions, and the ability to attract and retain
skilled personnel. The Company is not obligated to revise or update
any forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.
Contacts:
David Donlin
Cervelle Group
407-299-2377
SOURCE Union Equity, Inc.