SOURCE: Union Equity, Inc.

November 17, 2011 13:11 ET

Union Equity, Inc.'s Director Martha Lance Has Been Dropped as a Defendant in Action Filed by SunTrust Bank

SunTrust Bank Makes Mistake Filing Lawsuit Against Martha Lance

ORLANDO, FL--(Marketwire - Nov 17, 2011) - Union Equity Inc. (PINKSHEETS: UNQT) announces that its Director Martha Lance has been dropped as a defendant by the lawsuit filed by SunTrust Bank. SunTrust Bank made a mistake and corrected the mistake by dropping Mrs. Lance from the action that was filed.

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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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