SOURCE: Union Equity, Inc.

Union Equity, Inc.

December 30, 2010 10:55 ET

Union Equity, Inc. Set to Expand Its Presence in the Multi-Billion Dollar Transportation Industry in 2011

ORLANDO, FL--(Marketwire - December 30, 2010) - Union Equity Inc. (PINKSHEETS: UNQT) is pleased to announce that the Company looks forward to a prosperous 2011 following a restructuring of the Company in 2010. 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 plans to expand its current inventory of approximately 75 trucks to over 700 trucks in a variety of well-known makes and models to suit any hauling needs.

According to www.Truckinfo.net, the United States economy depends on trucks to deliver nearly 70 percent of all freight transported annually in the U.S., accounting for $671 billion worth of manufactured and retail goods transported by truck in the U.S. alone. Total revenue estimates are $255.5 billion in 2010 within the truck transportation industry. "For Hire" Trucking companies generated an estimated $97.9 billion in revenue this year, which is $18 billion more than air transportation.

The Company recently announced it has signed an agreement with EarthSearch Communications, Inc., a wholly owned subsidiary of East Coast Diversified Corp. (OTCBB: ECDC) to begin a six month beta testing for a new state of the art GPS (global positioning system) developed by Earth Search. Union Equity's management believes that EarthSearch's LogiBoxx™ GPS tracking system will help Union Equity increase its recovery rate on lost or stolen Class 8 semi-trucks, which, in turn, may also help increase the recovery rate of any lost or stolen cargo carried thereon.

Union Equity's focus for 2011 is to strengthen the Company's market share in the industry. Union Equity is implementing several strategies to accomplish this goal. The Company is working towards the expansion of its current inventory as it continues discussions with several wholesalers throughout the United States and Canada. In addition, Union Equity has plans to continue building market awareness for the Company and its business model, attracting key employees and building its sales network. The Company recently retained the services of an in house marketing team to manage its 2011 marketing and promotional campaign.

"We are excited about the progress that Union Equity has made in 2010. We look forward to increasing our sales revenues as well as increasing our asset base with acquisitions in 2011," said Steven Woodell, President of Union Equity, Inc.

"With our unique business model and aggressive growth strategy we know we will continue to have success within the truck transportation industry," stated Randy Lance, a Director of Union Equity, Inc.

For more details on Union Equity's accomplishments in 2010 and expectations for 2011 request the Company's "President's Letter" via e-mail at investorrelations@unqt.com.

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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