UNQT News .0004 Union Equity, Inc. Increases Re
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UNQT News .0004
Union Equity, Inc. Increases Revenues by Over 115% for Quarter Ending March 31, 2012 as Compared to the Same Quarter Last Year
2012-05-24 12:40 ET - News Release
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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