SOURCE: Union Equity, Inc

Union Equity, Inc

August 18, 2011 08:30 ET

Union Equity, Inc. Retains CPA Firm to Begin Uplisting to the OTCQB

Company Plans to Have Fully Audited Financials in the Next Six Months

ORLANDO, FL--(Marketwire - Aug 18, 2011) - Union Equity Inc. (PINKSHEETS: UNQT) is pleased to announce it has taken the first step in its goal to uplist to the OTC Markets, OTC.QB market tier by retaining 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 plans to have its fully audited financials completed in the next six months.

The OTC.QB tier designates OTC-traded companies that have operating businesses and provide substantial disclosure to the marketplace. For our securities to be quoted on the OTC.QB tier, we must be fully reporting with the SEC and must be Current in our disclosures, among other things.

"We have recently achieved a number of significant milestones and we believe that we will attain many more in the coming months. This is a very large step for us in our goal to uplist to a higher exchange. Salberg & Company, P.A. is a very reputable CPA firm and we are pleased to work with professionals of their caliber," stated Randy Lance, a Director of Union Equity, Inc.

The Company recently announced that it 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.

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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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