Atlanta, Oct. 25, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) releases a projection today, stating that the company may pocket $600,000 to $800,000 gross profit from two deals, in the second half of this year.
"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 general partner of UC Asset.
Bankston says that he cannot provide more details at this moment, but he confirms that one property has a very committed buyer, and the other property has received multiple offers.
However, Bankston cautions that anything may still happen until the company receives payments.
Last year, the company reported a net profit of $0.12 per share and delivered a dividend of $0.10 per share. The company reported a loss for the first half of 2022. The company has about 5.4 million shares issued and outstanding.
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, Oct. 25, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) releases a projection today, stating that the company may pocket $600,000 to $800,000 gross profit from two deals, in the second half of this year.
亚特兰大，2022年10月25日(环球通讯社)-UC Asset LP(OTCQX：UCASU)今天发布了一项预测，称该公司可能在今年下半年通过两笔交易获得60万至80万美元的毛利润。
"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 general partner of UC Asset.
UC Asset的执行普通合伙人格雷格·班克斯顿称：“本月早些时候，我们宣布将德克萨斯州达拉斯大都市区72英亩的土地上市。我们还与买家就我们在佐治亚州亚特兰大市中心拥有的另一处房产达成了谅解备忘录。上周，我们在两笔交易上都取得了突破，似乎在今年年底前完成这两笔交易的可能性大大增加了。”
Bankston says that he cannot provide more details at this moment, but he confirms that one property has a very committed buyer, and the other property has received multiple offers.
班克斯顿说，他目前不能提供更多细节，但他证实，一处房产有一位非常忠诚的买家，另一处房产收到了多个报价。
However, Bankston cautions that anything may still happen until the company receives payments.
然而，班克斯顿警告说，在公司收到付款之前，任何事情都可能发生。
Last year, the company reported a net profit of $0.12 per share and delivered a dividend of $0.10 per share. The company reported a loss for the first half of 2022. The company has about 5.4 million shares issued and outstanding.
去年，该公司公布的净利润为每股0.12美元，股息为每股0.10美元。该公司报告2022年上半年出现亏损。该公司约有540万股已发行和流通股。
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是一家有限合伙企业，旨在以创新战略投资房地产，集中在佐治亚州亚特兰大的大都市地区。有关UC Asset的更多信息，请访问：
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.
本新闻稿包含符合1995年私人证券诉讼改革法的前瞻性陈述。这些前瞻性陈述涉及已知和未知的风险、不确定性和其他重要因素，这些风险、不确定性和其他重要因素可能导致我们的实际结果、业绩或成就或行业结果与这些陈述大相径庭。告诫您不要过度依赖任何这些前瞻性陈述。除非联邦证券法另有要求，否则我们没有义务在本新闻稿发布之日后公开更新或修改任何前瞻性陈述。任何此类前瞻性陈述都不应被我们或任何其他人视为本新闻稿中规定的目标和计划将会实现或执行的陈述。
For More Information Contact: IR@UCasset.com
