ORLANDO, FL, Aug 06, 2010 (MARKETWIRE via COMTEX) — Union Equity Inc. (PINKSHEETS: UNQT) announced today that it has moved to a higher listing status on the Pink Sheets (Pink Sheets Current Information). This status lets investors know that Union Equity has provided the financial disclosure and other required paperwork to reach a level of transparency where there is adequate Current Information to make an informed investment decision on Union Equity.
Companies that provided current disclosure to the public markets, directly through Pink OTC at the Pink Sheets Current Information Market Tier, averaged $43,282,661 in dollar volume per security in 2009. This total represents over 67% of all dollar volume traded in OTCQX, OTCBB, and other Pink Sheets securities combined for the entire year.
Pink OTC Markets Inc. is a financial information and technology services company that operates the leading electronic quotation and trading system in the Over-the-Counter, or OTC, securities market. The OTCQX and Pink Sheets marketplaces that they operate constitute, by dollar volume, the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Pink Sheets technology platform provides a comprehensive suite of information products and trading services for OTC market participants.
“Achieving Current Information Status with Pink OTC Markets is a major milestone in Union Equity’s overall strategy to improve shareholder value and boost liquidity in our stock,” stated Steven Woodell, President of Union Equity, Inc. “We expect that potential investors who have been following our Company will now feel more comfortable in buying shares given our higher level of transparency.”
To view the necessary requirements for Current Information, please visit: http://www.otcmarkets.com/content/doc/ps/Disclosure/Guidelines/2.pdf
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. 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 including our expectations regarding potential investors. These forward looking statements involve 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.
