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UCASU Renews Partnership in Dallas Project to Increase Near-term Cash Income
UCASU Renews Partnership in Dallas Project to Increase Near-term Cash Income
Atlanta, Sept. 06, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announced today that the company has renewed its partnership with Puration Inc. (OTC Pink: PURA) with regard to the development of 72-acre land in the metropolitan area of Dallas, Texas. The new partnership is formed with intention to increase near-term cash income for both UC Asset and Puration.
UC Asset sold the land to Puration about 2 years ago, and later entered into an LOI with Puration to co-develop the land into a medical plant cultivation project, including cannabis plants such as hemp.
"While this business plan is still promising, both UC Asset and our partner have recognized that it will become a long-term project under the current economic circumstance," says Greg Bankston, managing general partner of UC Asset. "Particularly, it requires larger capital commitment, which is costly to raise in today's capital market."
"Meanwhile, the land itself has become one of our most successful investments. Our initial purchase price was only $800,000. Now, a nearby property, of which the size is only one-quarter of ours, is listed at $1.4 million. We believe that the value of our property has appreciated to be above $2.0 million. And both UC Asset and Puration agree that we should take advantage of its value appreciation to increase our short-term revenue," declares Bankston.
If UC Asset and Puration can realize the estimated value appreciation of the property by the end of this year, it will represent over 16% compound annual return, or 25% simple annual return. UC Asset and Puration will work together to develop a plan that will maximize their profits, with a focus on generating short-term revenue.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies, concentrating in metropolitan areas of Atlanta, GA. For more information about UC Asset, please visit:
Disclaimer:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
For More Information Contact: IR@UCasset.com
Atlanta, Sept. 06, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announced today that the company has renewed its partnership with Puration Inc. (OTC Pink: PURA) with regard to the development of 72-acre land in the metropolitan area of Dallas, Texas. The new partnership is formed with intention to increase near-term cash income for both UC Asset and Puration.
亞特蘭大,9月2022年06日(Global Newswire)-UC Asset LP(OTCQX:UCASU)今天宣佈,該公司已與Puration Inc.(OTC Pink:PURA)續簽了在德克薩斯州達拉斯大都市區開發72英畝土地的合作伙伴關係。成立新的合作伙伴關係的目的是增加UC Asset和Purtion的短期現金收入。
UC Asset sold the land to Puration about 2 years ago, and later entered into an LOI with Puration to co-develop the land into a medical plant cultivation project, including cannabis plants such as hemp.
UC Asset在大約兩年前將這塊土地出售給Puration,後來進入了一份帶有Purtion的意向書,共同開發該土地為一個藥用植物種植項目,包括大麻等大麻植物。
"While this business plan is still promising, both UC Asset and our partner have recognized that it will become a long-term project under the current economic circumstance," says Greg Bankston, managing general partner of UC Asset. "Particularly, it requires larger capital commitment, which is costly to raise in today's capital market."
UC Asset的管理普通合夥人格雷格·班克斯頓表示:“雖然這份商業計劃仍然前景看好,但UC Asset和我們的合作伙伴都認識到,在當前的經濟環境下,它將成為一個長期項目。”“尤其是,它需要更大的資本承諾,這在當今的資本市場上籌集成本很高。”
"Meanwhile, the land itself has become one of our most successful investments. Our initial purchase price was only $800,000. Now, a nearby property, of which the size is only one-quarter of ours, is listed at $1.4 million. We believe that the value of our property has appreciated to be above $2.0 million. And both UC Asset and Puration agree that we should take advantage of its value appreciation to increase our short-term revenue," declares Bankston.
“與此同時,這塊土地本身已經成為我們最成功的投資之一。我們最初的收購價只有80萬美元。現在,附近的一處房產標價140萬美元,面積只有我們的四分之一。我們相信我們的房產價值已經升值到200萬美元以上。UC Asset和Puration都同意,我們應該利用它的增值來增加我們的短期收入,”班克斯頓宣稱。
If UC Asset and Puration can realize the estimated value appreciation of the property by the end of this year, it will represent over 16% compound annual return, or 25% simple annual return. UC Asset and Puration will work together to develop a plan that will maximize their profits, with a focus on generating short-term revenue.
如果UC Asset and Puration能夠在今年年底前實現物業的估計增值,將代表超過16%的複合年回報,或25%的簡單年回報。UC Asset和Puration將共同制定一項計劃,以最大限度地提高他們的利潤,重點是產生短期收入。
About UC Asset LP
關於UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies, concentrating in metropolitan areas of Atlanta, GA. For more information about UC Asset, please visit:
UC Asset LP是一家有限合夥企業,旨在以創新戰略投資房地產,集中在佐治亞州亞特蘭大的大都市地區。有關UC Asset的更多信息,請訪問:
Disclaimer:
免責聲明:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
本新聞稿包含符合1995年私人證券訴訟改革法的前瞻性陳述。這些前瞻性陳述涉及已知和未知的風險、不確定性和其他重要因素,這些風險、不確定性和其他重要因素可能導致我們的實際結果、業績或成就或行業結果與這些陳述大相徑庭。告誡您不要過度依賴任何這些前瞻性陳述。除非聯邦證券法另有要求,否則我們沒有義務在本新聞稿發佈之日後公開更新或修改任何前瞻性陳述。任何此類前瞻性陳述都不應被我們或任何其他人視為本新聞稿中規定的目標和計劃將會實現或執行的陳述。
For More Information Contact: IR@UCasset.com
詳情查詢,請聯繫:ir@UCasset.com
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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
風險及免責聲明
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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