INDIANAPOLIS, Jan. 10, 2013 /PRNewswire/ -- Union Equity, Inc. (OTC: UNQT), announces several changes to the corporate management team and operations of the Company, including the resignations of Charles R. Lance, Martha Lance and Susan Lamm as members of the Company's Board of Directors and officers. The Company also announces the election of Joseph Thornburg, as the Chief Executive Officer, Secretary and sole Director.
On December 12, 2012, Mr. Thornburg purchased 2,000,000,000 shares of restricted common stock of Union Equity and all of the issued and outstanding preferred stock of Union Equity. However, the aforementioned transaction did not include the transfer of any ownership interest in Natural Product Laboratories LLC or Only Natural Inc., which remain privately held.
The Company accepted the resignations of Charles Lance and Susan Lamm on December 12, 2012. Charles R. Lance and Susan Lamm resigned to pursue other opportunities there are no disagreements with Charles Lance and Susan Lamm on any matter relating to Union Equity's operations, policies or practices.
Union Equity, Inc.'s new management has decided to focus solely on the transportation industry and plans to expand its wholly owned subsidiary, Easy Semi Truck Leasing America LLC. Mr. Joseph Thornburg has been in the Trucking business for over 30 years, who is a specialist in wholesales and used truck sales.
"I have years of experience in the transportation industry and I am proud to be serving the future needs of Union Equity's business," stated Mr. Thornburg.
Union Equity also accepted the resignation of Matthew Nicoletti from all of his positions with the company on October 29, 2012.
About Union Equity, Inc.
Union Equity, through its wholly owned subsidiary, Easy Semi Truck Leasing America LLC, 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. 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.
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.
SOURCE Union Equity, Inc.