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News for 'UNQT' - (Union Equity Introduces Home Sales Express, Inc.; Launching Real Estate Website to Attract Distress Sales and Capitalize on Internet Revenues)
PALM BEACH, Fla., Jun 10, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) 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.
"The challenge was how to gain a competitive edge in a market that's going straight up," said Union Equity CEO Michael Anthony. "Pre-construction opportunities are still astonishing but existing properties that are hitting the market in South Florida are selling in record time. Playing low-ball isn't effective when a seller receives ten offers on the subject property the first week it's posted on MLS. The solution became overwhelmingly clear; aggressively and systematically pursue properties that are not listed on the open market."
The primary objective of Home Sales Express, Inc. is twofold: to attract distress sales, meaning property owners who need to sell immediately due to a variety of reasons; and to attract owners of non-conforming properties, meaning properties that do not qualify for traditional financing due to structural defects, termites, title problems or zoning issues.
If a property does not qualify for traditional financing it is difficult, if not impossible, for the owner to sell it on the open market unless approached by a cash buyer. Since the majority of South Florida's current real estate boom is finance driven, if the prospective buyer can't get a loan on the subject property, the property remains unsold.
Within 72 hours, Home Sales Express, Inc. can conduct an inspection by a licensed General Contractor, generate an appraisal, perform a title search and then make an offer on a property. Once acquired, the property can then be renovated and resold on the open market and/or listed for sale on the company's web site.
"There are still numerous houses out there that have hurricane damage from last year," Anthony said. "Our belief is that some of these people would like to step out of their properties but just don't know how."
The secondary focus of Home Sales Express Inc. is to attract and approach owners of conforming properties who want a simple and speedy liquidation without the use of a real estate agent.
The driving force behind Home Sales Express, Inc. will be a sophisticated yet user-friendly interactive website that is currently under construction. Some of the primary features will be an online application so homeowners can submit properties for purchase consideration; a fee-based "For-Sale-By-Owner" section that will allow property owners to list their own properties for sale; a foreclosure directory (for properties undergoing the foreclosure process); a buyer registry so real estate buyers can affiliate with the company; an extensive glossary of real estate terminology; real estate industry news; and much more.
The website will be perfectly optimized for maximum search engine penetration, and promoted and advertised through traditional and contemporary means. Fee-based banner advertising will also be made available to real estate-related businesses once the website is drawing sufficient traffic.
"Home Sales Express is innovative and can provide us with an unlimited growth potential via the internet," Anthony said. It reinforces Union Equity's current focus across the board and there are at least a dozen ways to build out the website to include various revenue streams. The concept was designed to be applied nationally."
Over the past several weeks Anthony has been working closely with graphic arts experts, web designers and trademark attorneys to create a highly recognizable logo, develop proprietary language and secure intellectual property rights for Home Sales Express.
"The website is going to be a powerhouse and should give us access to unique opportunities that may otherwise go undiscovered," Anthony said. "I've seen variations on the concept in practice but in my opinion they all fall short because the websites are not comprehensive in nature. We intend to pull out all the stops and build a dynamic internet presence. Our goal is to establish one of the premier `go-to' websites in the real estate industry."
The website will debut in the coming weeks.
On May 10, 2005 Anthony executed a lock-up agreement that will prohibit him from selling any of his personal company stock on the open market until November, 2006. Without the agreement in place, Anthony would have been allowed to begin selling his stock on the open market this coming November, 2005, in accordance with Rule 144.
The completed lock-up agreement is currently posted on the company's web site on the Shareholder Center page.
Union Equity CEO Michael Anthony met May 5, 2005 with a representative from the company's accounting firm Bagell, Josephs & Company, LLC to begin preliminary work on audited financials for the company.
Due to its "non-reporting" status, Union Equity is not required to complete audited financials but has elected to do so anyway. The company's upcoming financial statements will reflect activity for the year of 2004. The company plans to continue to complete audited financial statements from this point forward in order to eventually achieve reporting status.
Bagell, Josephs & Company is registered by the PCAOB (Public Company Accounting and Oversight Board) and is part of the BDO Seidman alliance of accounting firms. BDO Seidman is the fifth largest international accounting firm. Bagell, Josephs & Company was recently rated as one of the top 100 auditing and accounting firms nationwide.
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.
Posts: 1326 | From: Providence,RI,USA | Registered: May 2004
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Hi, Thanks for the post YA. I'm ready for a run here, if there is one. I have 1.4 mil shares available. Place your bets ladies and gentlmen.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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Union Equity Poised to Establish National Brand Name Recognition for Subsidiary, Home Sales Express, Inc.; Set to Launch Interactive Website via COMTEX
June 16, 2005
PALM BEACH, Fla., Jun 16, 2005 (BUSINESS WIRE) --
Union Equity Inc. (Pink Sheets:UNQT) is in the final stages of website development for their new wholly-owned subsidiary, Home Sales Express, Inc. The company's primary focus is to make select offers on homes and condominiums that are not listed for sale on the open market.
"McDonalds has their golden arches, Energizer has their bunny and Home Sales Express has King Offer," said Union Equity CEO Michael Anthony. "We've set out to establish a national brand name to become synonymous with the For-Sale-By-Owner real estate industry."
The prototype design has been completed for KingOffer.com and the company has purchased 42 corresponding URL's (web addresses) in preparation for a variety of marketing concepts. Union Equity projects the site will be fully operational in less than 30 days.
The company has taken extensive measures to create a unique and easily marketable corporate brand image. In addition to the highly recognizable King Offer caricature, the company has also purchased the vanity phone number of 1-877-Close-It to make it simple for property owners to initiate contact. Union Equity has retained a South Florida intellectual property law firm to trademark the King Offer logo as well as the proprietary language for Home Sales Express, Inc.
KingOffer.com's primary features will be an online application so homeowners can submit properties for purchase consideration; a fee-based "For-Sale-By-Owner" section that will allow property owners to list their own properties for sale; a foreclosure directory (for properties undergoing the foreclosure process); a buyer registry so real estate buyers can affiliate with the company; an extensive glossary of real estate terminology; real estate industry news; and much more.
"We started out with the simple intention of generating deal flow for Union Equity but the concept for Home Sales Express has grown into so much more," said Anthony. "I envision an online real estate resource that's second to none. The tide is turning against the traditional realtor/client dynamic and more people than ever before are selling their own homes. We intend to offer them every conceivable option and advantage when doing so."
The primary objective of Home Sales Express, Inc. is twofold: to attract distress sales, meaning property owners who need to sell immediately due to a variety of reasons; and to attract owners of non-conforming properties, meaning properties that do not qualify for traditional financing due to structural defects, termites, title problems or zoning issues.
The secondary focus of Home Sales Express Inc. is to become a one-stop resource for owners of conforming properties who want a simple and speedy liquidation without the use of a real estate agent.
"Home Sales Express and KingOffer.com can be built out on a dozen different levels," Anthony said. "The fastest up-and-coming trend in real estate is the For-Sale-By-Owner market. People are getting tired of paying real estate commissions. We're bringing in some serious web talent to make sure the site gets the amount of traffic it deserves, so when people think about selling their own home, they think KingOffer.com."
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletter at http://www.UNQT.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.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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PALM BEACH, Fla., Jun 16, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) is in the final stages of website development for their new wholly-owned subsidiary, Home Sales Express, Inc. The company's primary focus is to make select offers on homes and condominiums that are not listed for sale on the open market.
"McDonalds has their golden arches, Energizer has their bunny and Home Sales Express has King Offer," said Union Equity CEO Michael Anthony. "We've set out to establish a national brand name to become synonymous with the For-Sale-By-Owner real estate industry."
The prototype design has been completed for KingOffer.com and the company has purchased 42 corresponding URL's (web addresses) in preparation for a variety of marketing concepts. Union Equity projects the site will be fully operational in less than 30 days.
The company has taken extensive measures to create a unique and easily marketable corporate brand image. In addition to the highly recognizable King Offer caricature, the company has also purchased the vanity phone number of 1-877-Close-It to make it simple for property owners to initiate contact. Union Equity has retained a South Florida intellectual property law firm to trademark the King Offer logo as well as the proprietary language for Home Sales Express, Inc.
KingOffer.com's primary features will be an online application so homeowners can submit properties for purchase consideration; a fee-based "For-Sale-By-Owner" section that will allow property owners to list their own properties for sale; a foreclosure directory (for properties undergoing the foreclosure process); a buyer registry so real estate buyers can affiliate with the company; an extensive glossary of real estate terminology; real estate industry news; and much more.
"We started out with the simple intention of generating deal flow for Union Equity but the concept for Home Sales Express has grown into so much more," said Anthony. "I envision an online real estate resource that's second to none. The tide is turning against the traditional realtor/client dynamic and more people than ever before are selling their own homes. We intend to offer them every conceivable option and advantage when doing so."
The primary objective of Home Sales Express, Inc. is twofold: to attract distress sales, meaning property owners who need to sell immediately due to a variety of reasons; and to attract owners of non-conforming properties, meaning properties that do not qualify for traditional financing due to structural defects, termites, title problems or zoning issues.
The secondary focus of Home Sales Express Inc. is to become a one-stop resource for owners of conforming properties who want a simple and speedy liquidation without the use of a real estate agent.
"Home Sales Express and KingOffer.com can be built out on a dozen different levels," Anthony said. "The fastest up-and-coming trend in real estate is the For-Sale-By-Owner market. People are getting tired of paying real estate commissions. We're bringing in some serious web talent to make sure the site gets the amount of traffic it deserves, so when people think about selling their own home, they think KingOffer.com."
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletter at http://www.UNQT.com.
-------------------- pink floyds "money" is the way to live....... Posts: 485 | From: two rivers wisconsin | Registered: Jun 2005
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took advantage of the low price. Added on to my 1.7 million shares and made it a cool 2 mil. I would love to see this start moving soon. I could use a little shade of green in my portfolio.
-------------------- - If all goes well we'll make a buck or two. Posts: 11 | From: Vinton, Louisiana | Registered: May 2005
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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.
posted
Alot of volume this morning....ask bumped up to .0004
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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quote:Originally posted by pgolden: stock currently trading at .ooo2 on good news and high volume ...good entry point looking to go up to .0010
No way this stock goes to .0010 I am in it also but as you can see alot of volume and no uptick. Which leads you to believe this will not be going anywhere anytime soon. If anything more MM jumping on the ask then dropping off.
Posts: 46 | From: texas | Registered: Jun 2005
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UNQT is another example of a good company, bad stock. No volume in 3 mintues on this one. It will be sad to see over 200k in cash going into it and we will still be at .0004
Posts: 46 | From: texas | Registered: Jun 2005
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-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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Won't come. People have sell orders at .0004 That is why the bid has not upticked as of yet. Everytime it does MM pick up shares and leave. This is why you have to hate pink sheets. You can only buy on ASK and sell on BID which screws everyone else who is still stuck in it.
Posts: 46 | From: texas | Registered: Jun 2005
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I am going to sell my UNQT for a lost. This isn't going to move and where today. MM are in total control and that's why pink sheets are the worse to play.
Posts: 46 | From: texas | Registered: Jun 2005
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I can see it going up to 6 or 7, or not and just staying at 5. After the dividend it will no doubt drop back down again.
Don't expect much here until you start seeing news that includes the word "profit" in them. This is clearly a long-term hold (in a pink no less). Since it is a real estate business, holding does not bother me.
If you want to sell (or buy for that matter), be prepared for a long wait. There are way too many players in this one to expect more than one trade a day (if that).
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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And we have seen what (LONG TERM) holds have done to people's account's. Take into fact CNES .0045 now .0009 WFTV .0007 on the bid. Pink sheets are the one's to stay away from. Long term hold are for the people who are in to deep and who are in red over 50%.
Posts: 46 | From: texas | Registered: Jun 2005
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