MIAMI, FL -- (Marketwire) -- 05/07/12 -- US National Telecom, Inc. (PINKSHEETS: USNL) announces that the Company has agreed to issue restricted preferred securities in exchange for $140,000 in capital. The shares are not registered with the Securities and Exchange Commission and will hold a restrictive legend for at least 12 months.
The current capitalization of US National Telecom, Inc. is as follows and is unchanged from its previous announcements. As of May 7, 2012, there are currently 3,475,250,391 shares of common stock issued and outstanding of which 3,000,210,033 are restricted and 475,040,358 are free trading.
CEO Rebecca Guthrie stated, "The Company is moving forward with its real estate acquisition plan and will update shareholders in a timely manner when appropriate over the coming weeks and months. The share structure has remained unchanged for several months now and the issuance of stock in any new private placement will be for restricted securities."
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 development stage company looking to acquire real estate interests that offer positive cash flow returns. It has a website: www.usnationaltelecominc.com
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 here in 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.