ORLANDO, Fla., May 29, 2012 /PRNewswire/ -- UNR Holdings, Inc. (OTCBB: UNRH) ("UNR" or the "the Company"), a leading commercial and residential real estate development and construction company, operating principally in the city of Moscow and its suburban communities, announced today that it has retained RedChip Companies, Inc. ("RedChip") to lead its public and investor relations efforts.
"Our decision to choose RedChip to lead our investor relations program was based on their proven record of professionalism and history of success in increasing investor awareness for emerging growth companies," said Mr. Serguei Melnik, Vice President and Director of U.S. Operations for UNR Holdings. "We are certain that RedChip's impressive platform will increase our visibility and help us maintain lasting relationships with our current shareholders and also attract new investors."
"UNR is one of the oldest and one of the most respected companies in the Russian construction industry and has a long history of profitability," said Dave Gentry, President of RedChip. "The real estate market in Russia has begun to recover from the global credit crisis, and as a prime developer in the Moscow area, UNR is poised to capitalize on the market's growth in the near future. We are pleased to have the opportunity to represent UNR and look forward to introducing the Company to our vast network of investors."
About UNR Holdings, Inc.
UNR Holdings is a U.S. holding company that has a 67% controlling interest its Russian subsidiary, 494 UNR, which is engaged in the development and construction of real estate projects in high-density urban areas of the Russian Federation, principally in Moscow and its suburban communities. 494 UNR also supplies and oversees the installation of its proprietary road and slopes-stabilization material, Prudon-494, to infrastructure projects in various parts of Russia. The company provides the Russian government with infrastructure services for leading oil and gas corporations such as GAZPROM and TRANSNEFT. 494 UNR is one of the most established and highly regarded development and construction companies located and operating in Moscow and the greater Moscow area of the Russian Federation.
More detailed information on the UNR development projects is available at the UNR Holdings corporate website: http://www.unrholdings.com .
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.
At the company:
Serguei Melnik, Vice President
UNR Holdings, Inc.
SOURCE UNR Holdings, Inc.