SOURCE: United Consortium, LTD.

March 19, 2008 13:34 ET

United Consortium LTD. Announces CEO Change

Gonzalo M. Lage to Assume Role as President and CEO

FT. LAUDERDALE, FL--(Marketwire - March 19, 2008) - United Consortium, LTD. (PINKSHEETS: UCSR), an international distributor of consumer goods, today announced the resignation of Julie Reiser as CEO and President of the company and the appointment of Gonzalo M. Lage as United Consortium's President and Chief Executive Officer effective March 17, 2008. Mr. Lage has also been named to the Board of Directors and will immediately serve as Chairman of the Board.

United Consortium believes that this change to the executive management team signals development toward a more aggressive growth strategy for the company. Mr. Lage has a long history of management expertise with international distribution companies. Mr. Lage previously served as President of Futura Realty Corp., where he established real estate and financing offices throughout Latin America and Europe establishing the European division in Lugano, Switzerland where annual revenues exceeded US$50 million. Mr. Lage also served as Founder and CEO of Color Concepts LC, a company dedicated to the manufacturing and distribution of party supply products. Mr. Lage also founded and directed Mydori International and Mydori USA, which are companies dedicated to the manufacturing and distribution of personal care products, with licenses acquired from Disney and Sanrio (Hello Kitty). These products are distributed throughout Latin America.

Mr. Lage said, "I'm looking forward to the challenge of following Julie Reiser, who has laid the foundation on which we can now build. I am enthusiastic about the prospects for United Consortium, as we look to strategically acquire and explore key properties in order to achieve the growth objectives that the company has established."

To contact United Consortium regarding distribution opportunities for your products, please call 954-642-8806 or email us at info@unitedconsortium.net.

ABOUT UNITED CONSORTIUM, LTD.

United Consortium, Limited ("UC") is an international distributor of consumer goods whose core categories include: electronics, software, peripherals, convergence equipment and enterprise integration services directed towards Retailers, Resellers, Solution Providers and Systems Integrators in the Americas region. More corporate information is available by visiting www.unitedconsortium.net.

Legal Notice Regarding Statements Including Those That Are Forward-Looking

The statements in this press release regarding real or implied expectations with regard to the future impact on the company's results from acquisitions or developed properties are forward-looking statements and are within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in the above document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although every effort has been made not to include statements that involve risk and uncertainties that may be the case and such statements are subject to change at any time. There are no anticipated results detailed in the above statements, however, actual results may differ materially from expected or implied results.

Contact Information

  • Investor Relations:

    United Consortium, LTD.
    954-642-8806
    954-337-8008 (Fax)
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