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Union Equity Introduces Home Sales Express, Inc. Friday June 10, 8:39 am ET Launching Real Estate Website to Attract Distress Sales and Capitalize on Internet Revenues
PALM BEACH, Fla.--(BUSINESS WIRE)--June 10, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) announces the formation of its new wholly-owned subsidiary, Home Sales Express, Inc. The company's primary focus is to make select offers on homes that are not listed for sale on the open market.
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hhhhhhhhhhmmmmmmmmmm any perspectives on what is to happen with this one. Seems pretty dismal. Everyone just waiting? At this point I would ecstatic with a penny and do carwheels if I saw more. Is it unrealistic to think we should see results or an up trend by now?
According to the NASDAQ Dividend List, Union Equity Inc (OTC: UNQT) has declared a Spin-Off dividend. This dividend will ONLY be available to shareholders of record as of July 01, 2005.
DECL-DATE X-DATE REC-DATE PAY-DATE ----------- ----------- ----------- ----------- 06/21/2005 06/29/2005 07/01/2005 07/08/2005 AMOUNT: Spin-Off FREQUENCY: N/A CHANGE: N/A ADDITIONAL INFO: One 144A restricted share of Preferred Properties Real Estate Inc for every 10 shares held.
Knobias may issue additional reminder alerts to track the important dates surrounding this corporate action.
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News for 'UNQT' - (Union Equity Awards Dividend to Shareholders in Preferred Properties Real Estate Inc.)
PALM BEACH, Fla., Jun 22, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend will be July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2008 which shall also be the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com. About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiaries Eden Development Group and Home Sales Express and plans to grow aggressively over the next two to three years through acquisitions, mergers, internal growth and the development of a dynamic internet presence.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004 and is the nation's ninth most expensive housing market. Las Vegas has been the fastest-growing city in the United States for nearly 20 years and is one of the top housing markets in the country. Home prices in Las Vegas increased by nearly 50 percent in the past year.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments. In addition, any forecasts made by the company, whether short-term or long-term, regarding future profitability are based on hypothetical business models and do not constitute a guarantee of profitability. Investors are highly advised to seek professional advice and conduct a complete due diligence regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Investors who initiate such an investment strategy should possess the financial net worth to withstand such a loss. Union Equity, Inc., its subsidiaries, officers and employees cannot guarantee the completeness or accuracy of the information contained in company press releases. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation to buy company stock.
Further information on the company can be found on their website; http://www.UNQT.com. SOURCE: Union Equity, Inc.
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Union Equity Corrects Typographical Error in 6/22/05 Press Release via COMTEX
June 23, 2005
PALM BEACH, Fla., Jun 23, 2005 (BUSINESS WIRE) --
A Union Equity Inc. (Pink Sheets:UNQT) press release dated June 22, 2005 stated that the shares for their most recent dividend would be mailed to shareholders on July 8, 2008. The payment date is actually July 8, 2005.
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Union Equity Revising Capital Structure; Awards Dividend to Shareholders in Preferred Properties Real Estate Inc. via COMTEX
June 24, 2005
PALM BEACH, Fla., Jun 24, 2005 (BUSINESS WIRE) --
Union Equity, Inc. (Pink Sheets:UNQT) is in the process of revising its capital structure, addressing both the authorized and outstanding shares.
In addition, on June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com.
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Union Equity to Meet with Specialty Law Firm to Structure Framework for Home Sales Express Franchise Program; Revising Capital Structure of Company Stock via COMTEX
June 27, 2005
PALM BEACH, Fla., Jun 27, 2005 (BUSINESS WIRE) --
Union Equity, Inc.'s (Pink Sheets:UNQT) management will meet with a specialty law firm in the coming weeks to address all legal aspects of creating a national franchise program for their wholly owned subsidiary Home Sales Express, Inc.
Home Sales Express, Inc. is a comprehensive resource for homeowners who want to participate as buyers or sellers in the For-Sale-By-Owner (FSBO) market. In addition, through its website KingOffer.com, Home Sales Express is designed to attract owners of distressed properties that are not yet listed on the open market for outright purchase consideration by the company.
"Once the legal aspects of the franchise program are covered we're ready and able to provide a turnkey opportunity for individuals nationwide who want to work our business model in a specific territory," said Union Equity CEO Michael Anthony. "Americans are entrepreneurial by nature and we intend to offer them the chance to be their own boss in the real estate business. Through KingOffer.com we will provide brand name recognition, a ready-made website and comprehensive marketing support."
In addition, Union Equity, Inc. is currently revising its capital structure, addressing both the authorized and outstanding shares of the company's common stock.
On June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate, Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com.
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Union Equity Reduces and Retires a Total of 14 Billion Authorized and Outstanding Shares of Common Stock via COMTEX
June 28, 2005
PALM BEACH, Fla., Jun 28, 2005 (BUSINESS WIRE) --
Union Equity, Inc. (Pink Sheets:UNQT) has reduced the company's authorized common stock by 50%, from 20 billion shares to 10 billion shares. Simultaneously, the company has retired four billion shares of outstanding common stock held by management. The four billion shares of outstanding common stock have been returned to the company's transfer agent and cancelled.
On June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate, Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
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Union Equity to Analyze NOBO/OBO List to Identify True Shareholders and Dividend Recipients of Preferred Properties Real Estate, Inc.
June 28, 2005 08:28:01 (ET)
PALM BEACH, Fla., Jun 28, 2005 (BUSINESS WIRE) -- Union Equity, Inc. (Pink Sheets:UNQT) has requested a NOBO/OBO list from their corporate services vendor to determine the company's actual shareholders in order to accurately award the upcoming dividend in Preferred Properties Real Estate, Inc.
The term NOBO refers to Non-Objecting Beneficial Owners; meaning beneficial owners (shareholders) who do not object to disclosure of their name, address and security holding. The term OBO refers to Objecting Beneficial Owners; meaning beneficial owners who refuse to reveal their identities. As a unit, the NOBO/OBO list comprises the total of true stock ownership, including the "street name" investor group.
"We're about to take a careful inventory of what's going on out there in the marketplace," said Union Equity CEO Michael Anthony. "Synthetic positions will become obvious. We're striving for complete transparency in regards to how our stock is traded."
Union Equity, Inc. will request another NOBO/OBO list on July 1st and then again on July 8, 2005. The company will then conduct a final analysis.
On June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
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News for 'UNQT' - (Union Equity Registers KingOffer.com with Google AdSense Advertising Program to Capitalize on Passive Income)
PALM BEACH, Fla., Jun 29, 2005 (BUSINESS WIRE) -- Union Equity, Inc. (Pink Sheets:UNQT) has registered http://www.KingOffer.com for inclusion in the Google AdSense program, enabling Google to utilize the new real estate website to post cost-per-click (CPC) or cost-per-1000-impressions (CPM) advertisements for their clients.
Home Sales Express, Inc., a wholly owned subsidiary of Union Equity, Inc., recently launched KingOffer.com to capitalize on the For-Sale-By-Owner real estate market. The website is designed as a comprehensive resource for homeowners seeking cash offers on their properties. KingOffer.com also allows homeowners to list their properties for sale on the open market and permits real estate investors to register as buyers. In addition, the site will feature an expansive real estate glossary, interactive help center, and current real estate industry news.
"The Google AdSense program is probably one of the greatest opportunities in existence for website owners," said Union Equity CEO Michael Anthony. "It's a turnkey source of potential revenues for e-commerce businesses since Google places their ads according to specific relevance. The Google AdSense program will allow us to capitalize on pass-through traffic, so even if a viewer doesn't register with us we can still generate passive income from the Google ads they click on or view."
According to Google, the Google ads that are displayed on the content pages of the website can be either cost-per-click (CPC) or cost-per-1000-impressions (CPM) ads, while AdSense for search results pages show exclusively CPC ads. This means that advertisers pay either when users click on ads, or when the advertiser's ad is shown on the website. Website owners receive a portion of the amount paid for either activity on the website. Google's goal is to enable website publishers to make as much or more than they could with other advertising networks.
The March 10, 2005 USA Today article by Jefferson Graham declared "Google's AdSense a Bonanza for Some Web Sites." The article detailed how the revolutionary cooperative program is "found money for many bloggers, small e-tailers and huge businesses -- from small personal sites ...to those of big-time corporations such as Amazon.com, the New York Times and About.com."
"Since KingOffer.com contains everything from a 700-term real estate glossary, to sections that deal with the foreclosure process, to yet other pages tailored to the For-Sale-By-Owner market, we have the opportunity to accommodate a wide variety of Google ads," said Anthony. "The more we build out the site the greater the opportunity we'll have with the Google AdSense program. The possibilities are infinite."
On June 28, 2005 Union Equity, Inc. reduced the company's authorized common stock by 50%, from 20 billion shares to 10 billion shares. The company simultaneously retired four billion shares of outstanding common stock held by management. The four billion shares of outstanding common stock have been returned to the company's transfer agent and cancelled.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com. About Union Equity
Union Equity is a national real estate development and holding company. The company operates independently and through its wholly-owned subsidiaries Eden Development Group and Home Sales Express and plans to grow aggressively over the next two to three years through acquisitions, mergers, internal growth and the development of a dynamic internet presence.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004 and is the nation's ninth most expensive housing market. Las Vegas has been the fastest-growing city in the United States for nearly 20 years and is one of the top housing markets in the country. Home prices in Las Vegas increased by nearly 50 percent in the past year.
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Union Equity and Home Sales Express to Immediately Capture Top Five U.S. Housing Markets via COMTEX
July 7, 2005
PALM BEACH, Fla., Jul 07, 2005 (BUSINESS WIRE) --
Union Equity, Inc. (Pink Sheets: UNQT) will award the first five territories for their wholly owned subsidiary Home Sales Express, Inc. in order to jumpstart the national chain. To generate maximum benefit for the company, the nation's top five housing markets are being targeted, including; Port St. Lucie, Florida; Las Vegas, Nevada; San Diego, California; Phoenix, Arizona; and Honolulu, Hawaii.
"There is no substitute for word-of-mouth marketing and success breeds success," said CEO Michael Anthony. "The best way to build a national chain fast is to immediately penetrate the nation's top five housing markets. After that, we're counting on serious referrals from these first five offices in addition to what we generate from our own marketing program. We're exercising extraordinarily strict criteria for these primary locations since they will be the first to represent our brand name."
The size of the exclusive territories will be calculated according to a strict demographic formula.
"These key cities can easily accommodate more than one Home Sales Express office without the owners stepping on each other's toes," Anthony said. "Our program is designed so the offices work in conjunction, not opposition, with each other in order to get the tough deals done. We're emphasizing a formal information exchange between the offices so they can share advice and resources and create a massive knowledge pool. The offices will be able to contact each other directly, but we are also designing a private message board on the master website so branch managers can post questions and offer solutions regarding pending deals."
The company is currently accepting applications on their website KingOffer.com. Interested parties are encouraged to contact the company immediately.
Home Sales Express, Inc. is a comprehensive resource for homeowners who want to participate as buyers or sellers in the For-Sale-By-Owner (FSBO) market. Through their website KingOffer.com, Home Sales Express is designed to attract owners of distressed properties that are not yet listed on the open market for outright purchase consideration by the company.
Upon approval and filing of a Uniform Franchise Offering Circular (UFOC), as applicable and where required by law, Home Sales Express, Inc. will provide franchisees with brand name recognition, a ready-made website and comprehensive marketing support. The pricing structure for the franchises is currently being finalized.
On June 28, 2005 Union Equity, Inc. reduced the company's authorized common stock by 50%; from 20 billion shares to 10 billion shares. The company simultaneously retired four billion shares of outstanding common stock held by management. The four billion shares of outstanding common stock have been returned to the company's transfer agent and cancelled.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at www.UNQT.com and the latest real estate news at www.KingOffer.com.
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Union Equity Subsidiary Preferred Properties Real Estate Inc. to Apply for Correspondent Lender Status
July 11, 2005 08:44:01 (ET)
PALM BEACH, Fla., Jul 11, 2005 (BUSINESS WIRE) -- Union Equity, Inc. (Pink Sheets: UNQT) subsidiary Preferred Properties Real Estate, Inc. is applying for Correspondent Lender status.
Correspondent Mortgage Lenders are entitled to make and services loans for others, for up to four months. The lender is authorized to originate mortgage loans and close loans in the name of the licensee, and is authorized to broker mortgage loans.
"As a Licensed Correspondent Lender we'll have access to a wide variety of loan programs from some of the nation's top lenders," said CEO Michael Anthony. "This gives us an obvious advantage. We also plan to use Preferred Properties Real Estate as a support vehicle for Home Sales Express."
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Down to .0001 Maybe this stock will respect us in the morning.................................
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Union Equity Appoints President for Subsidiary Preferred Properties Real Estate Inc. via COMTEX
August 15, 2005
PALM BEACH, Fla., Aug 15, 2005 (BUSINESS WIRE) --
Union Equity, Inc. (Pink Sheets:UNQT) management has appointed Ms. Cyndi Lindenberger as president of Preferred Properties Real Estate, Inc., its subsidiary that is currently applying for correspondent lender status.
Correspondent mortgage lenders are authorized to originate and broker residential and commercial mortgage loans and collect a commission in the process.
Ms. Lindenberger possesses more than 20 years of experience in residential mortgage loan origination, processing, underwriting and real estate speculation.
Upon issuance of the correspondent lender license, PPRE will affiliate with a wide variety of wholesale lenders in order to accommodate conforming or "A" borrowers to those borrowers who fall outside of the requirements of traditional loan programs, otherwise known as "B-C" borrowers. Ms. Lindenberger is highly motivated and experienced in completing no doc, low doc and stated loans for clients.
In addition to fulfilling her responsibilities as president of PPRE, Ms. Lindenberger will act as Senior Underwriter for Union Equity Inc., analyzing files for loans Union Equity funds directly.
PPRE will offer loans to the general public but will also act as a support vehicle for Home Sales Express, a Union Equity subsidiary specializing in the For-Sale-By-Owner (FSBO) market.
Home Sales Express, Inc. is a comprehensive resource for homeowners who want to participate as buyers or sellers in the For-Sale-By-Owner (FSBO) market. Through its website http://www.KingOffer.com, Home Sales Express is designed to attract owners of distressed properties that are not yet listed on the open market for purchase consideration by the company. The site can also accommodate owners of conforming properties who want to sell directly without the assistance of a real estate agent.
Upon approval and filing of a Uniform Franchise Offering Circular (UFOC), as applicable and where required by law, Home Sales Express, Inc. will provide franchisees with brand name recognition, a ready-made website and comprehensive marketing support and access to financing through PPRE.
Interested parties should contact the company immediately.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com.
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