ORLANDO, Fla., Aug. 22, 2012 /PRNewswire/ --Union Equity Inc. (OTC: UNQT) is pleased to announce that it has increased its assets to a value of $2,135,823 as compared to $515,819 for the year-ago quarter ended June 30, 2011. The increase in assets is due to several acquisitions the Company has made in the second quarter as well as the sale of its wholly owned subsidiary, Union Equipment Leasing, Inc., and Union Equipment Leasing, Inc.'s class 8 semi truck inventory to Izzy Group, LLC., a North Carolina company, in exchange for a $750,000 promissory note.
The Company recently announced that it has acquired 100% ownership of Only Natural, Inc. in exchange for an undisclosed amount of Union Equity, Inc.'s restricted Stock. Only Natural, Inc. offers a wide array of body, massage, hair care and specialty spa products formulated to meet each individual facility's need. Only Natural customizes these formulas to incorporate the ambiance and botanical surroundings that are exclusive to each respective spa location or region.
Union Equity announced on June 1, 2012 that it will be hosting an open house of its 18,000-square-foot facility located in Melbourne, Florida, every Thursday in the month of June. The open house includes a personal tour of the 18,000-square-foot facility and introduction to the staff, which includes a licensed chemist and certified microbiologist, with over 25 years combined experience. Natural Product Laboratories' skilled production team and broad range of equipment allows it to accommodate almost any size order. Packaging capabilities include a wide range of sizes for both professional and retail use. Since the original announcement, no shareholders have come to any of Natural Product Laboratories open houses, therefore the Company will be extending its open houses until the end of September.
Union Equity is also pleased to announce that it has been entirely withdrawn from both the Motion and amended Motion for 2004 Examination and production of documents, as a professional courtesy to resolve non-party; Union Equity, Inc's post-hearing objections and request for withdrawal. This withdrawal is made as the relief sought in the motion has been received and without speaking whatsoever to the facts and allegations that formed the basis for the Motion.
The Company also accepted the resignation of Mr. Joam St. Jean on August 21, 2012 as Chief Financial Officer. Mr. St. Jean resigned to pursue other opportunities. There were no disagreements with Mr. St. Jean on any matter relating to the issuer's operations, policies or practices.
For more information, please visit: www.unionequityinc.info
For more information, please visit: http://www.theonlynaturalproducts.com/
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To Learn more about Natural Product Laboratories, please call the toll free number: 888-522-2550
About Union Equity, Inc.
Union Equity, Inc. is a holding company that is comprised of four subsidiaries (Natural Product Laboratories LLC, Only Natural, Inc., Easy Semi Truck Leasing America LLC, and Union Equity Investments, Inc.) that cover a vast business spectrum
Natural Product Laboratories LLC (NPL) laboratory and production facility is located in Melbourne, Florida and is FDA regulated and certified as well as Green Seal approved to produce the highest quality skin-care, personal care, hair, pet, baby and sunscreen products. The Company specializes in formulizations of new product lines as well as reverse engineering existing products. The staff includes a licensed chemist and certified microbiologist, with over 25 years' combined experience. NPL's skilled production team and broad range of equipment allows them to accommodate almost any size order. Packaging capabilities include a wide range of sizes for both professional and retail use. To Learn more about Natural Product Laboratories, please call the toll free number: 888-522-2550
Union Equity Investment, Inc. is to provide the best possible risk-return value for Union Equity shareholders, by making direct investments into or outright purchases of revenue generating foreign and domestic private/public companies, which are in the need of a strong management team and capital in order to make it to the next level.
Easy Semi Truck Leasing America LLC is a commercial truck leasing business engaged in leasing class 8 commercial trucks to owner operators located around the contiguous 48 states. Easy Semi Truck Leasing America'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, the Company is able to provide owner operators with a leased truck regardless of their credit history.
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.
Contact:
David Donlin
Cervelle Group
407-299-2377
SOURCE Union Equity, Inc.
