URAL APPOINTS NEW DIRECTOR, PRESIDENT OF TECHNOLOGY, AND ANNOUNCES STRATEGIC ALLIANCE
GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. – OTCMarkets TICKER: URAL)
LAS VEGAS, NV, JUNE 23, 2021
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.
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.
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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.
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UNITED RAIL INC Media Contacts:
Zac Andrejic
Head of Investor Relations
zac@zamsltd.com