SOURCE: Union Equity, Inc.

Union Equity, Inc.

August 11, 2011 12:02 ET

Union Equity, Inc. Increases Revenues by Over 112% for Three Months Ending June 30, 2011 as Compared to the First Quarter of 2011

ORLANDO, FL--(Marketwire - Aug 11, 2011) - Union Equity, Inc. (PINKSHEETS: UNQT) is pleased to announce that the Company has generated $135,599 in revenue in the three months ending June 30, 2011 as compared to $63,799 in revenue for three months ending March 31, 2011, which is an increase of 112.54%. The increase in revenue is due to the Company's increase in class 8 semi trucks which generate additional lease revenues and management fees.

Union Equity reported total net assets of $425,990 for three months ending June 30, 2011 as compared to $181,827 for three months ending March 31, 2011, which is a 134.28% increase. The increase in assets is due to Union Equity's increase in its class 8 semi truck inventory. The Company is positioned to expand its presence within the $671 billion U.S. truck transportation industry. Union Equity is currently in negotiations with several wholesalers of both new and used class 8 trucks. The Company is also in negotiations with several funding sources with a goal of increasing cash flow into the Company.

"We are thrilled with our second quarter results. We are not only generating additional revenue, but we are creating jobs for hard working Americans throughout the United States as we continue to lease our semi trucks to owner operators," stated Randy Lance, a Director of Union Equity, Inc. "We are excited to increase our shareholder value as we continue to increase our revenues throughout 2011."

"We are excited about the progress Union Equity has made during the second quarter and we look forward to continuing to increase shareholder value through strengthening our relationships with both wholesalers and equity funding groups in order to increase our inventory of class 8 semi trucks," stated Joam St. Jean, CFO of Union Equity, Inc.

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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.

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