URAL ESTABLISHES UK HIGH TECHNOLOGY JOINT VENTURE

URAL ESTABLISHES UK HIGH TECHNOLOGY JOINT VENTURE

GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. – OTCMarkets TICKER: URAL)

LAS VEGAS, NV, DECEMBER 16, 2020

Open letter to shareholders

The company is pleased to announce the establishment of a UK joint venture as a 49% owned subsidiary.  The other 51% of the JV will be owned by the URAL majority shareholder and parent ZAMS ASSET MANAGEMENT SERVICES LTD. 

The venture is set up in a UK corporate structure named SKYWALKER HI-TEC LTD.  The Skywalker Hi-Tec Ltd company aims are the design, development and construction of prototypes of high technology equipment on behalf of the group and URAL’s other joint venture partners such as the automated industrial excavator and the self-loading truck mechanics for logistics.  All these end products produced by the proposed venture reduce human input contact and one could say they are part robotic or AI technologies to lessen the impact of covid type pandemics.  By minimising human contact in areas such as logistics, distribution, construction, passenger transport etc. we anticipate that this technology will prevent the disruption of distribution and deliveries of goods and contribute to the “new normal” way of living.

Skywalker Hi-Tec Ltd is currently seeking and investigating acquisitions of suitable engineering businesses in the UK and has prospects to set up its operations in Oxfordshire, nearby the Oxford University and UK science and space centre, including the Synchrotron.  The company expects to be able to have access to and input from new technology ideas, innovations and developments by mixing in the local science and technology scene.  We expect this connection will also assist us to be able to take benefit for the agri-business sector of our company’s business by experimenting with and developing construction and other materials from the hemp growing operations.

Furthermore, the UK as country location and being the home of our parent company provides significant opportunity for funding grants, Covid business development loans and employment assistance, as well as research and development cash tax relief, benefiting the company product development and reducing some need for shareholder funding, thus enhancing shareholder value.

More information is to be announced on the proposed acquisitions in due course as it is still commercially sensitive to make any further announcement until and if the particular transactions close.  Nevertheless, Skywalker will proceed to work along its path to fulfil its mission.

Yours truly,

Mr Lenny Chan, President, CEO, Director of the company. 

Further to several MOU announced early in September 2020, the company will be making announcements of its progress with business operations in due and proper course.

About UNITED RAIL INC

UNITED RAIL INC, (OTC TICKER: URAL) a company incorporated under the laws of State of Nevada, USA, has formally changed its name to GREEN VITALITY INVESTMENT HOLDINGS INC. The company is currently processing the name change via various appropriate and relevant authorities (FINRA, OTC, DTCC etc) and will advise in due course when the name change becomes effective.  The company is a subsidiary of UK based Zaja Asset Management Services Limited, is an incubator company engaged in promotion of investments in various business sectors.  Currently undergoing a management and operations restructuring UNITED RAIL INC is negotiating a MEMORANDUM OF UNDERSTANDING with EXCAVATOR INNOVATIONS PTY LIMITED, an Australian registered company which owns the intellectual property rights to various industrial and construction equipment inventions.  

Meantime also the company has completed an MOU with ZAJA INVESTMENT LTD.  incorporated in Serbia for the investigation and is undergoing negotiations of growing and processing industrial hemp for green building and construction materials.

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

About ZAJA INVESTMENT LTD.

ZAJA INVESTMENT LTD. is a company incorporated under the laws of Serbia.  Its mission is to take advantage in the potential growth of value investments in the Western Balkans region bridging West and East Europe.  Serbia has a long history of industrial hemp growing dating back many decades and centuries, including for use in clothing & textiles and building materials.  Zaja both owns and leases land for agri-business and has access to established networks for significant acreage utilisation for growing, processing, storage of various agri-products and by-products – wheat, corn, sunflower, hemp, walnut, fruit orchards – and other natural and organic products which are earth friendly.

“Zaja has plans to construct hemp processing facilities using its own land and machinery and is negotiating with local and Republic of Serbia government departments for co-operation and assistance in areas of funding and grants, licencing, employment of local citizens and experts, and for marketing and exporting of products”, said Zaja part owner Janet Ocampo, spokeswoman on the occasion of the MOU signing.

Mr Lenny Chan, director of GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. – TICKER: URAL) said that “the plan would provide for USD$10 million investment into Zaja factory processing facility and has a potential return of USD$150 million EBITDA over 5 years, of which URAL would earn a significant portion as part of its return on investment.”

Mr Chan continued to say that the planned US Government set-up of the DFC (US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION) department in Serbia, as announced at the meeting with Serbian President Vucic and US President Trump September 4, 2020 in Washington, will provide potential funding up to USD$60 Billion and assistance to Serbia and others in the region and for which URAL will tender, thus linking the business opportunity between the two countries and of possible benefit to URAL and its shareholders having operations in both Serbia and the US.

ZAJA INVESTMENT LTD. Media Contacts:
Ms Janet Ocampo

Email: janetdo99@gmail.com

Phone: +381 62 8764657

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, Excavator Innovations or Zaja Investment ability to act as an effective commercial and distribution partner, and Excavator Innovations’ expected expansion into the construction equipment 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; Excavator Innovations’ and Zaja Investment ability to act as a successful commercial distribution partner; 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