URAL APPOINTS DIRECTOR & PRESIDENT OF TECHNOLOGY
GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. – OTCMarkets TICKER: URAL)
LAS VEGAS, NV, APRIL 6, 2021
Following announcements of February 12, 2021, the company is pleased to announce the appointment of Mr B Allen Brown II as a director and the President of Technology for the Company. Mr Brown is based in Kentucky, USA.
Mr. Brown was appointed a Director and President of Technology of the Company on March 24, 2021. He is the founder of Railmark Holdings Inc. and serves as its visionary, developer, and President & CEO. He is a rail industry veteran and expert in railroad development in the United States and around the world. He has hands-on experience in every aspect of planning, building, developing, and maintaining a railroad network. During Mr. Brown's extensive railroad career, he has been personally involved in or led over 60 railroad acquisitions and divestitures and has had direct experience rejuvenating dozens of rail-oriented companies, developing a reputation as a railroad turnaround expert.
Mr. Brown's railroad career began shortly after the 1981 Staggers Act, which deregulated the US railroad industry. His international railroad experience began in Europe in the late 1990's, expanding to over 40 countries today. In 2007 Mr. Brown and Railmark entered the African market, performing a comprehensive rail development plan and economic analysis for the late President Mill's administration in Ghana. Over the next eleven years Mr. Brown and Railmark would perform rail development and detailed economic analyses for 15 additional governments on the African continent. Internally, Railmark has prepared similar rail economic information for practically all of Africa's 55 countries raising its level of proficiency with the plan to address an overall railroad network on the continent of Africa. Prior to Railmark, Mr. Brown served in various rail industry senior management positions, railroad company officer positions, and on the board of directors of a publicly held railroad company and several privately held rail and rail-related companies.
Mr. Brown maintains an extensive working relationship with domestic and international railroad leaders, industry professionals, railroads, and railroad service companies of all sizes. Throughout Railmark's 24+ year history he has invested in new railroad industry technologies and environmentally safe rail products, delivering many to the marketplace.
Mr. Brown holds a Master of Business Administration, concentration in Finance & Economics from the University of Evansville (Evansville, Indiana USA) and a Bachelor of Business Administration-Finance from the University of Kentucky (Lexington, Kentucky USA).
Mr Brown’s technology qualifications, experience and company leadership will benefit the Company in its various technology businesses both in the USA and internationally. Particularly, the Skywalker businesses including the self-loading systems which could be adapted to railway wagon un / loading and via the new technologies and innovations derived from the Company’s investment in Fusiontech21 Inc. and Skywalker Hitec Ltd.
Mr Brown has sold his 100% shareholding in Fusiontech21 Inc. to the Company (See separate media release) and will remain a director of Fusiontech21 Inc. He will oversee the Company USA and subsidiary operations. He has been joined on the Board by Mr Andrejic as a Director of Fusiontech21 Inc.
Also, through his travel agency businesses Mr Brown will co-operate with the Company and Zams Hotels to partner common mutual projects particularly utilizing the travel businesses membership base of around 12,000 clients.
The Company continues to pursue senior management and advisory board recruitment from experienced and diverse individuals who can contribute to its planned growth in sustainable entrepreneurship with leadership, social and community skills.
Directors will hold office until their successors have been elected or qualified at an annual shareholders' meeting, or until their death, resignation, retirement, removal, or disqualification. Vacancies on the board will be filled by a majority vote of the remaining directors. Officers of the Company serve at the discretion of the Board of Directors.
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