SOURCE: US National Telecom, Inc

June 15, 2012 08:38 ET

US National Telecom, Inc. Announces Multiple Offers on Investment Properties

MIAMI, FL--(Marketwire - Jun 15, 2012) - US National Telecom, Inc. (PINKSHEETS: USNL) announces that the Company has entered into multiple contract offers to acquire investment properties throughout Central Florida.

The offers have been made through the subsidiary of US National Telecom, Inc. The sellers have on average 2-5 days to reply to the offer and then the Company will decide to either counter offer or move onto other options available. The types of properties are zoned residential that can be leased relatively quickly and do not require any major modifications. The locations of the properties stretch from the Tampa Bay area to North Central Florida.

CEO Rebecca Guthrie stated, "The Company is moving forward with its real estate acquisition plan as mentioned in its previous announcements. The homes that we have made offers on are at least half the price they were back in 2007. The extreme depreciation in value means that these residential investment properties have the ability to offer significant returns on our investment."

US National Telecom, through its subsidiary Florida Bay Investments, Inc., plans to invest in cash flow properties in multiple real estate markets throughout Florida. The markets that have been targeted include Gainesville, Tampa, St. Petersburg, Orlando, and Jacksonville, Florida. Further acquisitions in Miami, Ft. Lauderdale, and Palm Beach, Florida are also being considered in the due diligence currently underway.

US National Telecom is a Florida based company. It is a company looking to acquire real estate interests that offer positive cash flow returns. It has a website:

Safe Harbor Statement

Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause US National Telecom's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in US National Telecom's filings. All forward-looking statements attributable to US National Telecom herein are expressly qualified in their entirety by the above-mentioned cautionary statement. US National Telecom disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

Contact Information

  • For further information please contact
    Rebecca Guthrie
    786 202 1023
    email Email Contact