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United EcoEnergy Corp.: United EcoEnergy Corp. Completes Acquisition of Epic Wound Care, Inc.

^{Published on 2009-06-25 08:57:43, Last Modified on 2009-06-25 08:58:29 - Market Wire}
 

COCOA, FL--(Marketwire - June 25, 2009) - United EcoEnergy Corp. (OTCBB: [ UEEC ]), a Business Development Company (BDC) incorporated in Nevada and with its principal offices located in Florida, announced that it has completed the acquisition of Epic Wound Care, Inc., a Florida corporation which manufactures and distributes an innovative gauze to serve the wound care market. Epic Wound Care, Inc. manufactures and distributes its proprietary products under its own label, HymoStyp®, and its distributor's trademarks, ActCel™, ActJel™, and ABC Gauze™. The gauze is a product for use on any wound where bleeding is present. Upon contact with moisture, the gauze breaks down to form a gel-like substance that acts as a homeostatic agent to stop the bleeding quickly. Once bleeding has ceased and coagulation has occurred, the product is then rinsed away with saline solution or lukewarm water.

Epic Wound Care, Inc. has an established distribution network with a worldwide customer base, and is expanding its marketing efforts in the US, South American and European retail sectors. Kelly T. Hickel, CEO of UEEC, stated: "This is an exciting business for UEEC and is a classic execution of our BDC-based business development program. We are helping Epic Wound Care expand its markets for the gauze in areas of personal, retail and institutional wound care management globally. The acquisition of Epic Wound Care, Inc. by UEEC enables UEEC to provide the management support and funding capability to enable Epic to expand its product base and increase its revenue potential with new product offerings. We are also in a position to add deep management experience directly in Epic's business area."

UEEC also continues to push forward with its investments in Shelby Super Cars, Inc., manufacturer of the Ultimate Aero Supercar and currently holding the Guinness World Record title as the "Fastest Production Car in the World." Shelby's green division, SSC Green, Inc., is also developing a revolutionary All-Electric Scalable Powertrain (AESP) whose systems range from 200hp to 1200+hp. For more information on UEEC's portfolio companies, visit [ www.abcgauze.com ] and [ www.shelbysupercars.com ].

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.