Union Equity Inc. (PINKSHEETS: UNQT) is pleased to
Post# of 1842
Posted On: 04/17/2012 9:23:05 AM
Re: ChartMyStock #629
Union Equity Inc. (PINKSHEETS: UNQT) is pleased to announce that the Company has generated $638,186 in revenue for the twelve months ended December 31, 2011 as compared to $337,252 in revenue for period ending December 31, 2010, which is an increase of 89%. 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 $32,116 for period ending December 31, 2011 as compared to ($123,193) for the previous quarter ending December 31, 2010. The Company also reported net income of $132,244 for the whole year of 2011. The increase in net income is due to the increase in lease revenue and management fees produced by the Company's subsidiary.
Union Equity continues to increase its class 8 semi truck inventory. The Company is positioned to expand its presence within the $671 billion U.S. truck transportation industry. Union Equity is currently in negotiations with several wholesalers of both new and used class 8 trucks. The Company is also in negotiations with several funding sources with a goal of increasing cash flow into the Company.
"We are extremely pleased to have delivered such a solid year. The results only solidify our resolve to market and expand our business model nationwide," stated Charles Lance, CEO of Union Equity, Inc.
For more information on Union Equity's financials, please visit: http://www.otcmarkets.com/stock/UNQT/financials
For more information, please visit: www.unionequityinc.info
Follow Union Equity, Inc. on Twitter: http://twitter.com/#!/UNQT
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 since 1999. 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.
Union Equity reported total net income of $32,116 for period ending December 31, 2011 as compared to ($123,193) for the previous quarter ending December 31, 2010. The Company also reported net income of $132,244 for the whole year of 2011. The increase in net income is due to the increase in lease revenue and management fees produced by the Company's subsidiary.
Union Equity continues to increase its class 8 semi truck inventory. The Company is positioned to expand its presence within the $671 billion U.S. truck transportation industry. Union Equity is currently in negotiations with several wholesalers of both new and used class 8 trucks. The Company is also in negotiations with several funding sources with a goal of increasing cash flow into the Company.
"We are extremely pleased to have delivered such a solid year. The results only solidify our resolve to market and expand our business model nationwide," stated Charles Lance, CEO of Union Equity, Inc.
For more information on Union Equity's financials, please visit: http://www.otcmarkets.com/stock/UNQT/financials
For more information, please visit: www.unionequityinc.info
Follow Union Equity, Inc. on Twitter: http://twitter.com/#!/UNQT
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 since 1999. 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.
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