CHANGE OF CONTROL

CHANGE OF CONTROL

URAL has been acquired by a UK based company which will promote investments into significant growth businesses around the world to take advantage of value opportunities in the post-Covid economic environment. The new management of URAL will focus on enhancing shareholder value by investing in economically sustainable sectors such as high-tech equipment for the construction and transportation & logistics industries; healthcare and agri-business. URAL will become an opportunity incubator investor at chosen points of project life cycles be it seed, expansion or growth.

Chi Ming Leonard Chan, Director

A citizen of both Hong Kong and the U.K., Mr. Chan studied and worked in the U.S. for more than 11 years. He has more than 30 years of experience in finance. Prior to becoming an independent financial consultant, he worked at various U.S., U.K., Japanese and Hong Kong investment banks and securities firms such as Continental Illinois, Standard Chartered, Daiwa Securities, Horwath Capital and South China Capital, specializing in issuance of debt and equity securities, initial public offerings, mergers, acquisitions, divestitures as well as corporate restructuring and development.

Mr. Chan has helped float and/or raise funds for many companies in different industries including high technology, manufacturing, agri-business, trading and real estate, with an aggregate deal worth to the tune of billions of dollars.

Mr. Chan received his B.A. and B.S. from the University of Washington, Seattle with concentrations in economics, computer science and humanistic and social studies and M.A. (in communications) and M.B.A. (in management, finance and statistics) from the University of Texas at Austin.

With two daughters, Mr. Chan understands the importance of a sustainable environment and thus seeks to promote sustainable investments in various business sectors.

About UNITED RAIL INC
UNITED RAIL INC, a company incorporated under the laws of State of Nevada, USA, is a subsidiary of UK based incubator company engaged in promotion of investments in various business sectors.  Currently undergoing a management and operations restructuring UNITED RAIL INC and is negotiating a number of MEMORANDUM OF UNDERSTANDING with potential projects. 

For more information about UNITED RAIL INC please visit https://www.otcmarkets.com/stock/URAL/profile

UNITED RAIL INC Forward-Looking Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements include our expectations regarding UNITED RAIL INC’s ability to enter into the MOU on terms acceptable to UNITED RAIL INC, if at all, potential benefits to UNITED RAIL INC under the MOU, the projects' ability to act as an effective commercial and distribution partner, and expected expansion into the project market. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, among other things: our ability to negotiate and enter into the MOU on acceptable terms, if at all; our history of operating losses and uncertainty of future profitability; the final outcome of any pending litigation; our ability to successfully complete research and further development of our drug candidates; the timing, cost and uncertainty of obtaining regulatory approvals of our drug candidates; our ability to successfully commercialize our drug candidates; dependence on royalties and grant revenue; our ability to implement our growth strategy; anticipated trends in our business; our limited product line and distribution channels; advances in technologies and development of new competitive products; our ability to comply with the OTC continued listing standards; our ability to maintain effective internal control over financial reporting; the impact of the current coronavirus pandemic; and other risk factors detailed in our most recent Annual Report on Form 10-K and other SEC and OTC filings. You are urged to carefully review and consider the disclosures found in our SEC / OTC filings, which are available at http://www.sec.gov or at https://www.otcmarkets.com/stock/URAL/profile.

Investors are urged to consider statements that include the words “will,” “may,” “could,” “should,” “plan,” “continue,” “designed,” “goal,” “forecast,” “future,” “believe,” “intend,” “expect,” “anticipate,” “estimate,” “project,” and similar expressions, as well as the negatives of those words or other comparable words, to be uncertain forward-looking statements.

You are cautioned not to place undue reliance on any forward-looking statements, any of which could turn out to be incorrect. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this report. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this report may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.

References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. UNITED RAIL INC is not responsible for the contents of third-party websites.

UNITED RAIL INC Media Contacts:
Zac Andrejic
Head of Investor Relations
zac@zamsltd.com