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Union Equity, Inc. Announces Change of Control and New Business Acquisition

^{Published on 2010-05-27 15:10:21 - Market Wire}
 

WEST PALM BEACH, FL--(Marketwire - May 27, 2010) - Union Equity, Inc. (PINKSHEETS: [ UNQT ]) announced today that in a bid to enter and expand the commercial truck sales and leasing market, it acquired R.D.J Financial Services, Inc. with offices in Charlotte, NC and Orlando, FL. As part of this agreement, Union Equity, Inc. purchased R.D. J. and issued to R.D.J.'s shareholder a majority of the common stock and 300,000 shares of convertible preferred stock of Union Equity. In conjunction with this transaction, Union Equity appointed Steven Woodell as President to oversee the expansion of the growing commercial leasing and truck sales line of business. The combined companies will continue to trade under the symbol UNQT through [ www.otcmarkets.com ].

R.D.J. is a commercial truck leasing business engaged in leasing class 8 commercial trucks to owner operators located around the contiguous 48 states. 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. R.D.J.'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, R.D.J. 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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to the expansion of R.D.J.'s or Union Equity's business. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. These forward-looking statements are subject to many risks and uncertainties that could cause actual results to differ materially from those projected. Specific factors that may cause results to differ include, but are not limited to the ability of Union Equity to provide future financing to expand its and the condition of the global and U.S. capital markets.