URAL UPDATE TO OPERATIONS AND FUNDRAISINGS
URAL UPDATE TO OPERATIONS AND FUNDRAISINGS
GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. – OTCMarkets TICKER: URAL)
LAS VEGAS, NV, JUNE 23, 2021
The following announcements are made as of June 14, 2021, to inform the company’s shareholders and other stakeholders and the market about the company’s operations and fundraising progress.
OPERATIONS UPDATE
CONTEC PRECISION ENGINEERING LTD – UK
Since the close of the acquisition on April 30, 2021, transitioning and consolidation of operations has taken place. Business development with client, suppliers and other stakeholders is in progress. Since the easing of restrictions in the UK on May 17, 2021, work orders have increased significantly and cash inflow from operations is expected to increase corporate revenues. Staff recruitment is underway to deal with the increased workflow and thereby increasing revenues.
INDUSTRIAL HEMP JOINT VENTURE - SERBIA
The Zaja Investment Ltd joint venture in Serbia has completed the pilot industrial hemp crop planting of approx. 1 acre. The crop will be used to determine yields, oil, fibre and seed quality and quantity, and to determine growing conditions regards cultivation methods, pests and weed management. Further upon harvest data will be collected in regard to planning future operations.
ZAMS HOTELS ACQUISITION OF LEASOWE CASTLE HOTEL
The May 27, 2021, expected close date of the acquisition of Leasowe Castle Hotel has passed and the current expected close date is planned for July 8, 2021. Lawyers and advisors on both buyer and seller sides are finalising agreements in readiness for closing. Since the easing of restrictions in the UK on May 17, 2021, hotel revenues have increased significantly from restaurant, bar and wedding reception clientele and guests stays from local and “staycation” guests utilising the post covid pent up demand to get out and celebrate. On a prorated base during the past month the revenue was on a par equal to the hotel’s pre-covid trading. It is expected that due to continuing pandemic concerns international travel out of country will be restricted and therefore “staycation” and wedding reception and “weekends out” operations will continue for the foreseeable future from the continuing “pent-up” demand. On a recent weekend three wedding receptions where in fact conducted. Other local wedding businesses have closed and the demand for reception venues has increased the Leasowe Castle Hotel bookings.
FUSIONTECH21 INC
Since the close of the acquisition of Fusiontech21 Inc on March 24, 2021, transitioning and consolidation of operations has taken place. Just to remind Fusiontech21 Inc, an Indiana corporation, is a wholly-owned subsidiary of Green Vitality Investment Holdings, Inc. and is the operation arm of the Company in the innovation, technology, and science sector in the USA.
Following a recent visit to the USA of Mr Zac Andrejic, COO of the Company and President of Fusiontech21 Inc in May 2021, business development with clients, suppliers, and other stakeholders took place. In-person Director meetings took place between Mr Andrejic and fellow Director Mr B. Allen Brown.
The significant and strategic work involved two main objectives.
One was the investigation and due diligence on the establishment of an industrial hemp processing facility, as part of the Elaxima Technologies Inc MOU investment previously announced.
The second objective was the appointment of Mr Quinton Padayachee as Director and Vice President of Fusiontech21 Inc.
Mr Padayachee will be leading a team to establish a major investment in breakthrough technology to be applied in the transport and logistics industry, thereby revolutionising and disrupting the status quo of rail and road transport. The first phase of the proposed program is approximated to cost $5B over an estimated 5-year period.
URAL's Fusiontech21 Inc subsidiary, will collaborate with Railmark Holdings Inc in a strategic alliance, utilizing the rail operations and logistics expertise of Mr. B. Allen Brown, the Railmark Team, and Brown's global network of experts and rail professionals. Railmark's principal, B. Allen Brown II, is both a Fusiontech21 Inc and a URAL Director who is a rail industry veteran with over 35 years of rail experience in the US and in forty other countries around the world.
This strategic alliance is to assist and provide support to Mr Padayacee to establish and develop his proprietary concept into commercial use. Further details on the structure and revenue expectations will be provided as developments progress.
In addition, part of URAL's role as a seed capital investor and business incubator, is to develop concepts into advanced commercial projects utilizing its skills and expertise to achieve increased revenue and positive stakeholder outcomes combining wealth creation and sustainable environmental impacts.
URAL is pleased to announce that there are several strategic acquisitions in various stages of development which will advance the Company's Business Plan and contribute to its solid growth in 2021. Due to the commercially sensitive nature of URAL's ongoing corporate development pursuits, it is the Company's policy to not provide comment nor announcement until a particular transaction closes. Once major events are confirmed, URAL shall promptly provide public news releases and updates.
FUNDRAISING UPDATE
PRIVATE PLACEMENT MEMORANDUM
The company is pleased to announce that its planned fundraising via Private Placement Memorandum (PPM) under s506D is in final review pending exciting business developments necessitating updates to the offering documents.
The main and significant part being the forecasts of revenues and expenses from the proposed sciene and technology division of Fusiontech21 Inc.
The PPM and the Company’s proposal for Regulation A filing will proceed in earnest as soon as possible.
SEC REG A plus
The REG A is planned to be filed in the next month and to become effective for the second quarter and will be subject to the usual SEC and authority laws and approvals.
In the case of the REG A plus being fully subscribed at the proposed issue price, on that basis there will be issued total float shares registered and freely able to trade in the amount of 7,500,000 approximately, raising up to USD$20,000,000.00.
The aims of the REG A plus would be to:
- Raise capital for business expansion and acquisitions including the Fusiontech21 Inc proposed projects.
- Create liquidity in the number of shares trading by increasing the amount of common stock issued.
- Conversion of Notes and S506D subscriptions.
Funds raised under the Reg A plus will be used for commission payments, working capital, business acquisitions being earnings and profit positive, subject to the amount raised.
There are several expressions of interest for the Reg A Plus from independent third party non-current shareholders to be subscribers / investors for a full Reg A subscription or underwriting. This is only a preliminary plan and there is no guarantee that the investors will actually subscribe at the time of the Registration.
More information is to be announced on the proposed acquisitions and business operations in due course as it is still commercially sensitive to make any further announcement until and if the particular transactions close.
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
[email protected]