Atlanta, Oct. 25, 2022 (GLOBE NEWSWIRE) — UC Asset LP (OTCQX: UCASU) releases a projection at present, stating that the corporate could pocket $600,000 to $800,000 gross profit from two deals, within the second half of this 12 months.
“Earlier this month, we announced the listing of our 72-acre land in the metropolitan area of Dallas, Texas. We also reached into an MOU with a buyer on another property we owned in downtown Atlanta, Georgia. Last week, we made breakthrough on both deals, and it appears that the chance of closing both deals by the end of this year has substantially increased,” claims Greg Bankston, managing normal associate of UC Asset.
Bankston says that he can’t present extra particulars at this second, however he confirms that one property has a really dedicated purchaser, and the opposite property has acquired a number of provides.
However, Bankston cautions that something should occur till the corporate receives funds.
Last 12 months, the corporate reported a web profit of $0.12 per share and delivered a dividend of $0.10 per share. The firm reported a loss for the primary half of 2022. The firm has about 5.4 million shares issued and excellent.
About UC Asset LP
UC Asset LP is a restricted partnership shaped for the aim of investing in actual property with progressive methods, concentrating in metropolitan areas of Atlanta, GA. For extra details about UC Asset, please go to: www.ucasset.com
Disclaimer:
This News Release comprises forward-looking statements inside the that means of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain recognized and unknown dangers, uncertainties and different vital elements that might trigger our precise outcomes, efficiency or achievements, or business outcomes, to vary materially from any these statements. You are cautioned to not place undue reliance on any these forward-looking statements. Except as in any other case required by the federal securities legal guidelines, we undertake no obligation to publicly replace or revise any forward-looking statements after the date of this information launch. None of such forward-looking statements must be thought to be a illustration by us or every other individual that the aims and plans set forth on this News Release can be achieved or be executed.
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