Business
PROPOSED ISSUANCE & FUNDRAISING
PROPOSED ISSUANCE & FUNDRAISING.
About this update from United Rail, Inc.
[{"type":"text","content":"PROPOSED ISSUANCE & FUNDRASING AS URAL RECORDS THIRD QUARTER AND 9 MONTHS PROFITS IN 2020 GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. – OTCMarkets TICKER: URAL) LAS VEGAS, NV, FEBRUARY 12, 2021“Despite it and with the pandemic, it’s been a very exciting, turbulent and successful 9 months of 2020”, stated Mr Lenny Chan, President, CEO, Director of the company on the day of the announcement of the Q3 results for the company.Green Vitality Investment Holdings Inc. has now recorded three consecutive quarters of profits since the management and ownership control changes. On the back of the June quarter result of $39,511, the September quarter reported profit of $49,244, and now a $70,226 third quarter, a total of $158,981 profit for the past 9 months has been achieved.“NO MORE CHOO CHOO” An era has now ended. URAL is no longer a rail business. All association with the former businesses of United Rail Inc. (as operated under the former name) has ceased.On October 29, 2020 the Company rescinded its agreement with United Rail effectively transferring all the railway assets and associated liabilities out from the Company and effectively finally ending its total association with the United Rail businesses, including X Train and X Wine Train and all the former officers and management.“No more choo choo”, chuckled Mr Chan. “Now it seems we are “wizz-bang, swoosh, buzz, zing, ka-ching” as we turn URAL into the future with high technology projects and innovation in various industries be it logistics, real estate, construction, agri-business or some of the other projects we are looking at.”“As I have said previously, we are proud to announce continuing profitability even in the early stages of the change in management and ownership control away from the rail businesses. We are starting to build a new direction and clear path forward, with baby steps, albeit positive.“Also, as I said previously, mostly it is symbolic that we have a positive result in the first three, then six and now nine months of trading under the changed ownership and management and in relation to non-rail revenue with positive profit results.“We are signposting a change in direction. Long may it continue”, Mr Chan repeated his earlier sentiments as he beamed with enthusiasm.“We hope to record many more ...