ORLANDO, FL -- (Marketwire) -- 05/24/12 -- Union Equity Inc. (PINKSHEETS: UNQT) is pleased to announce that the Company has generated $259,028 in revenue for the three months ended March 31, 2012 as compared to $63,799 in revenue for quarter ending March 31, 2011, which is an increase of 115%. The increase in revenue is due to the Company's increase in class 8 semi trucks which generate additional lease revenues and management fees.
Union Equity reported total net income of $71,822 for quarter ending March 31, 2012 as compared to $7,573 for the previous quarter ending March 31, 2011. The increase in net income is due to the increase in lease revenue and management fees produced by the Company's subsidiary. http://www.otcmarkets.com/stock/UNQT/financials
The Company recently announced that its wholly owned subsidiary, Union Equity Investments, Inc., has acquired 100% ownership of Natural Product Laboratories LLC, a privately held company based in Melbourne, Florida, in exchange for an undisclosed amount of Union Equity, Inc.'s restricted Stock and cash. Natural Product Laboratories is a contract filler and blender of FDA regulated custom personal-care products for the hotel, resort and destination spa industry.
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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 3 subsidiaries (Easy Semi Truck Leasing America LLC, Natural Product Laboratories LLC and Union Equity Investments, Inc.) that cover a vast business spectrum. 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.
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.
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.