Union Equity, Inc.'s Wholly Owned Subsidiary Acquires 100% of Natural Product Laboratories LLC
Natural Product Laboratories facility over 18,000 square feet
ORLANDO, Fla., May 10, 2012 /PRNewswire/ -- Union Equity, Inc. (PINKSHEETS: UNQT) is pleased to announce 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. The company's client base consists of numerous top tier hotels, resorts and spas in the United States.
The Natural Product Laboratories LLC (NPL) laboratory and production facility is located in Melbourne, Florida and is FDA regulated and certified as well as Green Seal approved to produce the highest quality skin-care, personal care, hair, pet, baby and sunscreen products. The Company specializes in formulizations of new product lines as well as reverse engineering existing products. The staff includes a licensed chemist and certified microbiologist, with over 25 years combined experience. NPL's skilled production team and broad range of equipment allows them to accommodate almost any size order. Packaging capabilities include a wide range of sizes for both professional and retail use.
"We are extremely excited to be working with Union Equity," stated Mel Wilt Director of Operations for Natural Product Laboratories LLC "We will now be able to expand operations and increase our production. We will be able to give customers the ability to create formulas and have a tangible asset to use to obtain funding and develop a product from just an idea."
"Our ongoing efforts into diversifying Union Equity's business spectrums gives us the opportunity to secure very attractive businesses with high potential for cash flow, thus enabling us to continue to expand the Company's portfolio and increase shareholder value," stated Charles Lance, Chief Executive Officer and Director of Union Equity, Inc.
To Learn more about Natural Product Laboratories, please call the toll free number: 888-522-2550
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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.
Safe Harbor Act:
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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