Regal Group Launches New Corporate Website
September 22 2010 - 8:00AM
Marketwired
Regal Group, Inc. ("Regal" or the "Company") (OTCBB: RGLG)
announced today that it has launched its website and posted the
September 2010 corporate slide presentation "UHF Logistics --
Vertically Integrated RFID Solutions Provider" at
www.uhflogistics.com to provide the investing public with detailed,
up-to-date information on its business activities and core assets.
In August 2010, the Company formally closed upon its Share
Exchange Agreement with UHF Logistics Ltd ("UHF"), a Hong
Kong-incorporated company whose operating subsidiaries are leading
developers of RFID (Radio Frequency Identification) solutions for
supply chain applications, parkade management, the pig breeding
industry, anti-theft and secured access applications in China. With
this acquisition finalized, Regal is increasing its efforts to
ensure that financial markets reflect the full value of the
Company's assets.
"We have made tremendous strides over the past 12 months to
realize upon our business plan to engage in the business of
acquiring sector-agnostic but attractive private companies
operating in China as we believe that equity investments in China
present one of the most attractive global investment opportunities
available in the coming four to seven years; culminating in our
recent acquisition of UHF Logistics," said Regal's President Mr.
Parrish Medley. "Now we have to make sure that the investment and
financial community appreciates where the project stands, and the
value that Regal can generate from one of the world's
fastest-growing technology sectors. The new Regal website presents
extensive information on the RFID Industry and on UHF's value
proposition in this growing space in China and is part of a broader
initiative to communicate Regal's unique value to investors.
Through this medium, we want to communicate and provide to the
public details on UHF's focus and achievements to date on
'modernizing' applications for the RFID space, forecast by ABI
research to achieve compounded annual growth of 19% from 2010 to
2014. Modernizing applications include animal ID, asset management,
Real Time Location Systems, supply chain management and item-level
tagging in fashion apparel and retail."
Added Mr. Medley: "China is well aware of the potential for RFID
technology to improve manufacturing activities and supply chain
operations. Higher profile RFID implementations that have taken
place in China include China new-generation smart ID card, China
Railway Automatic Train Identification System, and the recent use
of embedded RFID chips in ticketing for the Shanghai 2010 World
Expo. Ultrahigh-frequency RFID application in the supply chain is
the largest expected potential application of RFID. As a global
manufacturing center, China plays an important role in the global
supply chain and recent RFID mandates imposed by international
retail enterprises on their suppliers will inevitably bring
increased adoption of RFID applications in Chinese factories. I
believe that UHF Logistics is poised to capitalize upon these
opportunities across industry sectors in the country."
Further information:
Please feel free to call Investor Communications toll-free on
1-888-367-3077 or visit our website at www.regalgroupinc.com or
www.uhflogistics.com.
About Regal Group, Inc.
Regal Group, Inc. is a publicly traded company with headquarters
in Phoenix, Arizona. Regal is strategically positioning itself in
key industry sectors in China and recently completed the
acquisition of UHF Logistics Ltd., a HK-incorporated holding
company, which, through its wholly owned Chinese operating
subsidiaries, is focused on the development, marketing and
implementation of UHF RFID products and solutions in China since
2006. Regal trades on the NASDAQ OTC BB under the ticker symbol:
RGLG.
Forward-Looking Statements & Risks
Statements in this news release that are not historical facts
are forward-looking statements that are subject to risks and
uncertainties. Words such as "expects," "intends," "plans," "may,"
"could," "should," "anticipates," "likely," "believes" and words of
similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses
and other information that are based on forecasts of future
results, estimates of amounts not yet determined and assumptions of
management, including, but not limited to, the Company's belief
that Regal can identify and successfully negotiate business
prospects in Asia, and that the Company can successfully operate
such prospects. Actual results may differ materially from those
currently anticipated due to a number of factors and risks beyond
the reasonable control of the Company.
In addition to the risks associated with forward-looking
statements, statements in this news release are subject to
additional risks, which include, among others, the corporate
disclosure, governance and regulatory requirements of the Peoples'
Republic of China (the "PRC"), and PRC regulations relating to,
among others, cross-border mergers and acquisitions, product
liability and currency exchange rates. Even though the transaction
is completed, anticipated synergies or other intended benefits of
the transaction may not be realized, and the prospects of the
combined entity will remain subject to all the general risks
associated with the RFID industry, the public securities markets
and risks related to doing business in China, such as the PRC's
economic, political and social environment, and matters relating to
PRC taxes, repatriation of profit and currency conversion,
acquisition and appropriation of land use rights, foreign
investments, permits and business licenses, employment contracts,
government intervention, shareholders' rights and enforcement of
judgments, as well as the developing PRC legal system. The Company
cautions that the foregoing list of material risks is not
exhaustive.
When relying on the Company's forward-looking statements and
information to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties
and potential events. Additional information on risks and other
factors that may affect the business and financial results of the
Company can be found in filings of the Company with the U.S.
Securities and Exchange Commission. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
Contact: Regal Group, Inc. Investor Communications Toll-Free:
1-888-367-3077 Email: ir@regalgroupinc.com
www.regalgroupinc.com
UHF Logistics (PK) (USOTC:RGLG)
Historical Stock Chart
From Oct 2024 to Nov 2024
UHF Logistics (PK) (USOTC:RGLG)
Historical Stock Chart
From Nov 2023 to Nov 2024