SOURCE: Union Equity, Inc.

Union Equity, Inc.

May 01, 2012 12:27 ET

Union Equity, Inc. Announces Filing of Form S-1 Registration Statement Initial Public Offering; Intention to Graduate to Higher Tier of Stock Listing; and New Additional Members of Management

ORLANDO, FL--(Marketwire - May 1, 2012) - Union Equity Inc. (PINKSHEETS: UNQT) is pleased to announce that it has retained Special Counsel to help the Company prepare an initial SEC Form S-1 Registration Statement, registering shares issued previously, as well as registering additional shares which the Company intends to sell in an initial public offering. In addition to allowing the Company to sell shares in an initial public offering, the filing of the S-1 Registration Statement also is expected to automatically result in the upgrading of the tier in which the Company's shares of Common Stock are traded, from its current tier of OTC Pink Sheets, to OTC QB.

The Company has retained Lorin Rosen, Esq. of L.A.R. Law Group to help in the preparation of the Form S-1. L.A.R. Law Group shall serve as Special Counsel expressly for the purpose of helping prepare the Form S-1 and providing opinions related to such work, but shall not act as Corporate Counsel or in-house counsel for the Company. Ms. Rosen's experience ranges from securities law to having served as in-house counsel for public companies to general contract law.

"With this announcement, our market tier upgrading process takes a major step forward. As a reporting company, we will achieve greater transparency for the investment community, and as our stock is upgraded to a higher OTC tier, our stock becomes more liquid as it becomes more accepted by various brokers around the world. Through this and other measures, we will continue to achieve new heights as we bring added value to our company and shareholders," stated Randy Lance, Chief Executive Officer and Director of Union Equity, Inc.

The Company previously announced it retained the Independent Registered Public Accounting Firm, Salberg & Company, P.A. of South Florida, to perform its audits in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB). The Company is still working with Salbery & Company, P.A.; however, the audit is taking longer than expected due to lack of financial records from previous management.

Union Equity, Inc. also announces that it has hired Matthew Nicoletti full-time as President of the Company and Martha Lance as Secretary.

Follow Union Equity, Inc. on Twitter:!/UNQT

About L.A.R. Law Group:
Specializing in Securities Law, L.A.R. Law Group provides a wide variety of services to its local community, the New York metropolitan area, as well as nationally and internationally. L.A.R. Law Group was founded by Lorin A. Rosen in late 2010 after a long and diverse career in the legal field, starting as an Assistant Vice President and Assistant General Counsel at Prudential Securities on Wall Street in the early 90's. Lorin's experience ranges from securities law to serving as in house counsel for public companies to general contract law and pro bono services for non-profit organizations.

About Union Equity, Inc.
Union Equity is a commercial truck leasing business engaged in leasing class 8 commercial trucks to owner operators located around the contiguous 48 states since 1999. Many owner operators drive on a for hire basis for Fortune 500 companies, while others have their own authority to haul freight throughout the United States. Union Equity'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, Union Equity is able to provide owner operators with a leased truck regardless of their credit history. Owner operators need only to have a valid commercial driver's license, acceptable insurance, proof of a shipper's intent to hire, and a willingness to work.

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.

Contact Information

  • Contact:

    David Donlin
    Cervelle Group