Entrex Merger Termination

Universal Solar Technology, Inc. (OTC: UNSS) acknowledges the agreement termination of the proposed merger with Entrex.  Due to a series of delays and deadline misses, Entrex President, Steve Watkins, felt it best that the companies sever the agreement and reassess in the future as may be warranted.

UNSS Chairman, Paul D. Landrew, commented by saying, "We have reconciled with the Entrex merger termination and maintain an excellent professional relationship with Entrex President, Steve Watkins.  The prudent thing for UNSS now is to cure the key outstanding matter of the CE, which has been and remains our top priority." 

When asked about any possiblity of the merger being reconsidered, Landrew states that "Being viable as a corporate entity postiioned to capitalize on a multitude of opportunities is the most important pursuit at this point.  I view this as a charge to restructure, bring in the necessary talent, tools and infrastructure to be a viable investment option for our shareholders, creating value and confidence for the long term.  We live in dynamic world where the options are endless."