URAL TO ACQUIRE 100% OF 16TH CENTURY HOTEL FOR $8.7M

URAL TO ACQUIRE 16TH CENTURY HOTEL IN LIVERPOOL ENGLAND

& ESTABLISHES UK HOTEL & HOSPITALITY OPERATION        

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

LAS VEGAS, NV, MARCH 18, 2021

The company is pleased to announce the establishment of a UK 100% owned subsidiary, ZAMS HOTELS & HOSPITALITY LTD. 

ZAMS HOTELS has signed a Memorandum of Understanding (Head of Terms – HOT) to acquire 100% of the share capital in Lawton Hotels Ltd, owner of the 16^th century currently four-star Leasowe Castle Hotel set on 5.6 acres of landscaped gardens. 

The acquisition price is GBP£6.3m (USD$8.7M) which is to be funded by takeover of existing mortgage loans and other debt to the value of approx. GBP£3.7m (USD$5.1M), and the balance of GBP£2.6m (USD$3.6M) approx. as a Debt Note at 8% interest for 6 years payable to the current owner and Seller of the shares.  No cash payments are required for the acquisition other than operating funds ancillary to the acquisition and cashflow for operations.  These funds are expected to be raised via a Private Placement Memorandum currently being prepared by the company.

The Hotel has a significant heritage history and location in Liverpool, England.  It has had GBP£3m (USD$4.2M) recent upgrade consisting of 47 en-suite rooms.  The hotel is immensely popular for events and has a high occupancy achieving annual revenues of over GBP£2.2m (USD$3M) and EBITDA of GBP£340,000 (USD$470,000).

The projects for operations are expected to be cashflow positive and self-funding to cover all operating costs and interest and capital repayments.  The estimated projected NPV is positive at a 20% annual risk rate with an IRR of 14% post tax, and allowing for a Enterprise value of GBP£9m (USD$12.5M) based on a 20 times NPAT PER.  Thus, the acquisition fits within the company’s policy as an undervalued asset that will create shareholder wealth of over 50% over its acquisition cost.

Adjoining the Hotel is a separate Lodge also of historic value that is under a purchase option up to 2 years.  Together with surplus land of the Castle and the Lodge there is scope subject to city hall approval for additional expansion of hotel and ancillary operations to increase room capacity into all suite apartments, creating further profits and shareholder value increases.

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, ZAMS HOTELS will proceed to work along its path to fulfil its mission to close the acquisition by end of May 2021.

Further to several MOU announced since 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. 

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.  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 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