AskMuncher
3 years ago
$URAL URAL SETS RECORDS - SEVENTH STRAIGHT QUARTER OF PROFITS
Earnings Announcement | 11/15/2021
URAL SETS RECORDS - SEVENTH STRAIGHT QUARTER OF PROFITS
GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMarkets TICKER: URAL)
LAS VEGAS, NV, NOVEMBER 15, 2021
URAL yesterday filed and published its Q2 2021 Report and Disclosure Statement effective for 3 and 6 months ended September 30, 2021
This is a seventh straight quarter of profits since the takeover of the company by the Zams Group, following on from the Q1 sixth straight quarter of profits, to post a record.
The Q2 results represent partial figures following the close of acquisition and integration of the Leasowe Castle Hotel in Liverpool UK.
Previously Mr Lenny Chan CEO of the company has said we are very happy to achieve positive results following the dramatic world events of the past 18 months, and hopefully all of that is now behind us as we look forward to exciting times returning to travel and the hospitality industry world-wide.
We look forward to making exciting announcement to our shareholders about the plans we have for loyalty and other programmes highlighting the history and heritage of Leasowe Castle.
ABOUT LEASOWE CASTLE HOTEL
The name 'Leasowe' comes from theAnglo-SaxonLeasowesor 'Meadow Pastures'. Leasowe Castle was originally built in 1593 by Ferdinand, 5th Earl of Derby, second heir to the English throne then held by Queen Elisabeth I. Named "New Hall", it consisted only of an octagonal tower. The door was about six feet above ground level, for security and protection from high tides; the walls were one metre thick.
After the death of Sir Edward, the 11th Earl of Derby (the Castle passed through several members of the family until it became Leasowe Castle Hotel in 1891), it was bought by the trustees of the railway Convalescence Homes in 1910 and except for a short time during the First World War, when it accommodated German prisoners, it was occupied by a Matron, Assistant Matron, Head Gardener, Maintenance Engineer and various catering and domestic staff until 1970. It again stood derelict as it had some 300 years before; a 20th Century Mock Beggar until in 1982 when it was purchased by a local businessman and restored as one of the finest hotels in Wirral and as a conference centre. The Castle is now owned by Lawton Hotels Ltd who have refurbished it in keeping with its great history and character to 4-star level in modern current trends but retaining a lot of the heritage and old-world charm of the castle and it has heritage protection. The hotel is now a popular venue for weddings and other family functions, with around 50 bedrooms.
The Earl was a patron ofShakespeare and the observation platform was used to watch the Wallasey races which took place on the sands in the 16th and 17th centuries, and which are regarded as a forerunner of theDerbyraces (Ascot and Kentucky). Ferdinando's brotherWilliam, the 6th Earl, was described as a noted sportsman and is remembered as a keen supporter of the Wallasey races.
The castle became disused by 1700, and it became known as "Mockbeggar Hall", a term often used for an ornate but derelict building.The term "Mockbeggar Wharf" is still used for the adjoining foreshore. The "Mockbeggar Hall" is also the name of a Wetherspoonspub in neighbouring Moreton.
In 1821 ownership passed to the Cust family. After 1826 the building was used as a hotel for some years. The ceiling of theStar Chamberat thePalace of Westminsterwas brought to the castle in 1836 along with panelling and other furnishings; they had been salvaged from the old Palace of Westminster before the Star Chamber was demolished in an 1806 building project.The Star Chamber was so called because the ceiling was decorated with bright stars. The ceiling and four tapestries depicting the four seasons still remain. Oak panelling from the Star Chamber and some made from the submerged forest along the coast were also installed. However, the oak panels were removed in 1893.
More information about the hotel can be found here:
http://leasowecastle.com/
https://twitter.com/leasowe_castle
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 INCs 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
AskMuncher
3 years ago
$URAL URAL RECORDS 16 MONTHS PROFITS IN 2020-2021
Earnings Announcement | 09/22/2021
URAL RECORDS 16 MONTHS PROFITS IN 2020-2021
GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMarkets TICKER: URAL)
LAS VEGAS, NV, SEPTEMBER 22, 2021
URAL has today filed its Annual Report for the 16 months period ended July 31, 2021. The Company is very pleased to report revenue of $878,863 and Profit of $212,372, which represent earnings per share of $0.136.
The Company expects to meet its on-going reporting and current /up-to date information obligations. Management has been involved in the closing of 3 major acquisitions, all of which will now report as a consolidation in the next 3rd quarter September 2021 reporting period.
The significant factor will be the incorporation of the now owned Leasowe Castle Hotel, which year to date for 5 months ended August 31, 2021 is showing Revenue of $1,137,000 and EBITDA of $355,000.
We are very happy to achive positive results following the dramatic world events of the past 18 months, and hopefully all of that is now behind us as we lookf forward to exciting times returning to travel and the hospitality industry woorlwide, said Mr Lennt Chan CEO of the Company.
We look forward to making exciting announcement to our shareholders about the plans we have for loyalty and other programmes highlighting the history and heritage of Lease Castle.
******************************
About GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL)
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. Currently undergoing a management and operations restructuring GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL) has negotiated a MEMORANDUM OF UNDERSTANDING with EXCAVATOR INNOVATIONS PTY LIMITED, an Australian registered company which owns the intellectual property rights to various industrial and construction equipment inventions.
Meantime also the company has completed an MOU with ZAJA INVESTMENT LTD. incorporated in Serbia for the investigation and is undergoing negotiations of growing and processing industrial hemp for green building and construction materials.
For more information about GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL) please visit https://www.otcmarkets.com/stock/URAL/profile
Media Contacts:
Zac Andrejic
Head of Investor Relations
zac@zamsltd.com
AskMuncher
3 years ago
$URAL URAL APPOINTS NEW DIRECTOR, PRESIDENT OF TECHNOLOGY, AND ANNOUNCES STRATEGIC ALLIANCE
New Products/Services Announcement | 06/23/2021
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 acquisitionof Fusiontech21Inc 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 ofGreen Vitality Investment Holdings, Inc.and is the operation arm of theCompanyin 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 withclients, suppliers,and other stakeholders took place.In-personDirector meetings took place between Mr Andrejic andfellow Director Mr B. AllenBrown.
Thesignificant and strategicwork involved two main objectives.
One wasthe investigation and due diligence on the establishmentof an industrial hemp processing facility, as part of the Elaxima Technologies Inc MOU investment previously announced.
The secondobjective was the appointmentof 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 theproposed 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,utilizingthe rail operations and logistics expertise ofMr. 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 hisproprietaryconcept 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 projectsutilizingits skills and expertise to achieve increased revenue andpositivestakeholder 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 INCs 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
AskMuncher
4 years ago
$URAL URAL PROVIDES UPDATE ON 16th CENTURY LEASOWE CASTLE HOTEL ACQUISITION – LEGAL TEAM APPOINTED
Acquisition, Merger, Takeover Announcement | 04/07/2021
URAL PROVIDES UPDATE ON 16th CENTURY LEASOWE CASTLE HOTEL ACQUISITION LEGAL TEAM APPOINTED
GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMarkets TICKER: URAL)
LAS VEGAS, NV, APRIL 6, 2021
This is an update to the March 18, 2021 announcement by the Company of its establishment of a UK 100% owned subsidiary, ZAMS HOTELS & HOSPITALITY LTD and the acquisition of the LEASOWE CASTLE HOTEL, LIVERPOOL, UK.
ZAMS HOTELS has signed a Memorandum of Understanding (Head of Terms HOT) to acquire 100% of the share capital in Lawton Hotels Ltd, owner of the 16th century currently four-star Leasowe Castle Hotel set on 5.6 acres of landscaped gardens.
The company has engaged the Liverpool law firm Jackson Lees to act for it in the acquisition. Ms Charlotte Mills will lead the legal team. The law firm is currently undertaking due diligence.
Updated reports will be provided as is appropriate in due course.
ABOUT LEASOWE CASTLE HOTEL
The name 'Leasowe' comes from theAnglo-SaxonLeasowesor 'Meadow Pastures'. Leasowe Castle was originally built in 1593 by Ferdinand, 5th Earl of Derby, second heir to the English throne then held by Queen Elisabeth I. Named "New Hall", it consisted only of an octagonal tower. The door was about six feet above ground level, for security and protection from high tides; the walls were one metre thick.
After the death of Sir Edward, the 11th Earl of Derby (the Castle passed through several members of the family until it became Leasowe Castle Hotel in 1891). It was bought by the trustees of the railway Convalescence Homes in 1910 and except for a short time during the First World War, when it accommodated German prisoners, it was occupied by a Matron, Assistant Matron, Head Gardener, Maintenance Engineer and various catering and domestic staff until to 1970. It again stood derelict as it had some 300 years before; a 20th Century Mock Beggar until in 1982 when it was purchased by a local businessman and restored as one of the finest hotels in Wirral and a conference centre. The Castle is now owned by Lawton Hotels Ltd who have refurbished it in keeping with its great history and character to 4-star level in modern current trends but retaining a lot of the heritage and old-world charm of the castle and it has heritage protection. The hotel is now a popular venue for weddings and other family functions, with around 50 bedrooms.
The Earl was a patron ofShakespeare and the observation platform was used to watch the Wallasey races which took place on the sands in the 16th and 17th centuries, and which are regarded as a forerunner of theDerbyraces. Ferdinando's brotherWilliam, the 6th Earl, was described as a noted sportsman and is remembered as a keen supporter of the Wallasey races.
The castle became disused by 1700, and it became known as "Mockbeggar Hall", a term often used for an ornate but derelict building.The term "Mockbeggar Wharf" is still used for the adjoining foreshore. The "Mockbeggar Hall" is also the name of aWetherspoonspub in neighbouring Moreton.
In 1821 ownership passed to the Cust family. After 1826 the building was used as a hotel for some years. The ceiling of theStar Chamberat thePalace of Westminsterwas brought to the castle in 1836 along with panelling and other furnishings; they had been salvaged from the old Palace of Westminster before the Star Chamber was demolished in an 1806 building project.The Star Chamber was so called because the ceiling was decorated with bright stars. The ceiling and four tapestries depicting the four seasons still remain. Oak panelling from the Star Chamber and some made from the submerged forest along the coast were also installed. However, the oak panels were removed in 1893.
More information about the hotel can be found here:
http://leasowecastle.com/
https://twitter.com/leasowe_castle
ABOUT THE TRANSACTION
The acquisition price by Zams Hotels (a 100% owned subsidiary of the company) is GBP6.3m (USD$8.7M) which is to be funded by takeover of existing mortgage loans and other debt to the value of approx. GBP3.7m (USD$5.1M), and the balance of GBP2.6m (USD$3.6M) approx. as a Debt Note at 8% interest for 6 years payable to the current owner and Seller. No cash payments are required for the acquisition other than operating funds ancillary to the acquisition and cashflow for operations. These funds are expected to be raised via a Private Placement Memorandum currently being prepared by the company.
The Hotel has a significant heritage history and location in Liverpool, England. It has had GBP3m (USD$4.2M) recent upgrade consisting of 47 en-suite rooms. The hotel is immensely popular for events and has a high occupancy achieving annual revenues of over GBP2.2m (USD$3M) and EBITDA of GBP340,000 (USD$470,000).
The projections for operations are expected to be cashflow positive and self-funding to cover all operating costs and interest and capital repayments. The estimated projected NPV is positive at a 20% annual risk rate with an IRR of 14% post tax and allowing for an Enterprise value of GBP9m (USD$12.5M) based on a 20 times NPAT PER. Thus, the acquisition fits within the companys policy as an undervalued asset that will create shareholder wealth of over 50% over its acquisition cost.
Adjoining the Hotel is a separate Lodge also of historic value that is under a purchase option up to 2 years. Together with surplus land of the Castle and the Lodge there is scope subject to city hall approval for additional expansion of hotel and ancillary operations to increase room capacity into all suite apartments, creating further profits and shareholder value increases.
The UK as country location and being the home of our parent company provides significant opportunity for funding grants, Covid business development loans and employment assistance, as well as research and development cash tax relief, benefiting the company product development and reducing some need for shareholder funding, thus enhancing shareholder value.
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 INCs 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
AskMuncher
4 years ago
$URAL PROPOSED ISSUANCE & FUNDRAISING
Offering Announcement | 02/12/2021
PROPOSED ISSUANCE & FUNDRASING AS URAL RECORDS THIRD QUARTER AND 9 MONTHS PROFITS IN 2020
GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMarkets TICKER: URAL)
LAS VEGAS, NV, FEBRUARY 12, 2021
Despite it and with the pandemic, its been a very exciting, turbulent and successful 9 months of 2020, stated Mr Lenny Chan, President, CEO, Director of the company on the day of the announcement of the Q3 results for the company.
Green Vitality Investment Holdings Inc. has now recorded three consecutive quarters of profits since the management and ownership control changes. On the back of the June quarter result of $39,511, the September quarter reported profit of $49,244, and now a $70,226 third quarter, a total of $158,981 profit for the past 9 months has been achieved.
NO MORE CHOO CHOO
An era has now ended. URAL is no longer a rail business. All association with the former businesses of United Rail Inc. (as operated under the former name) has ceased.
On October 29, 2020 the Company rescinded its agreement with United Rail effectively transferring all the railway assets and associated liabilities out from the Company and effectively finally ending its total association with the United Rail businesses, including X Train and X Wine Train and all the former officers and management.
No more choo choo, chuckled Mr Chan. Now it seems we are wizz-bang, swoosh, buzz, zing, ka-ching as we turn URAL into the future with high technology projects and innovation in various industries be it logistics, real estate, construction, agri-business or some of the other projects we are looking at.
As I have said previously, we are proud to announce continuing profitability even in the early stages of the change in management and ownership control away from the rail businesses. We are starting to build a new direction and clear path forward, with baby steps, albeit positive.
Also, as I said previously, mostly it is symbolic that we have a positive result in the first three, then six and now nine months of trading under the changed ownership and management and in relation to non-rail revenue with positive profit results.
We are signposting a change in direction. Long may it continue, Mr Chan repeated his earlier sentiments as he beamed with enthusiasm.
We hope to record many more such results and profits will be able to be achieved with hard work, dedication and prudent operations in our future endeavours.
Further to several MOU completed early in September 2020, the company is currently in negotiations for the acquisition of two companies in the technology space.
Ongoing discussions are underway between the newly established joint venture in the UK, Skywalker Hi-Tec Ltd which the company owns 51% that will purchase 100% of the shares in Contec Precision Engineering Ltd.
The second purchase would be 100% of the shares in Fusiontech21 Inc. an Indiana incorporated company. A separate press release will be available with further details on both these transactions.
Also, Mr Chan continued we are excited to be searching and recruiting additional directors and management for the expanding operations and currently discussions are underway with Mr B. Allen Brown Jr. to be appointed a director of URAL and President of Technology. Mr Brown is an existing shareholder and seller of the Fushiontech21 Inc stock to the company.
Further announcements will be made with regard to business operations in due and proper course.
PROPOSED ISSUANCE & FUNDRASING
Mr Chan referred to the Q3 Disclosure Statement in his results announcement, wherein the Company will seek capital raisings.
It is planned that the Company will issue a Private Placement Memorandum (PPM) under s506D to selected existing shareholders to achieve several aims. Effectively it will be a kind of de-facto rights issue.
Recapitalize shareholders holding less than marketable quantities.
Creating liquidity, market transparency and shareholder wealth
Fundraise working capital funds for business development.
Cleaning up and tidying the share register
Allowing the affected shareholders holding non-marketable parcels to acquire shares at a discount to market in an attempt to recoup their losses caused by the harsh ratio of the reverse splits over the previous history of the company under and administered by the prior management.
Lawyers have been instructed and the subscription agreement has been drafted, pending finalization of the PPM.
The fundraising, if fully taken up, will raise up to USD$2m and add 600,000 (approx.) shares to the amount of outstanding shares. Initially, these shares will be restricted stock but they will have rights of conversion to unrestricted registered shares and be included in the REG A plus which would follow on as a fully registered offering post the close of the PPM. Therefore, after a short holding period and consolidation, the PPM acquired shares will become free to trade as registered securities.
Funds to be raised by the PPM will be used for working capital, business cashflow sustainability, identifying acquisition opportunities to grow the business and to fund the investor relations and REG A plus fundraising and promotions of business operations.
The PPM is expected to be ready and sent to shareholders with relevant announcements to be made to the market before the end of February 2021 and no later than March 31, 2021.
SEC REG A plus
The REG A is planned to be filed and to become effective for the new fiscal year post April 1, 2021 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.
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.
******************************
About GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL)
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. Currently undergoing a management and operations restructuring GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL) has negotiated a MEMORANDUM OF UNDERSTANDING with EXCAVATOR INNOVATIONS PTY LIMITED, an Australian registered company which owns the intellectual property rights to various industrial and construction equipment inventions.
Meantime also the company has completed an MOU with ZAJA INVESTMENT LTD. incorporated in Serbia for the investigation and is undergoing negotiations of growing and processing industrial hemp for green building and construction materials.
For more information about GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL) please visit https://www.otcmarkets.com/stock/URAL/profile
About ZAJA INVESTMENT LTD.
ZAJA INVESTMENT LTD. is a company incorporated under the laws of Serbia. Its mission is to take advantage in the potential growth of value investments in the Western Balkans region bridging West and East Europe. Serbia has a long history of industrial hemp growing dating back many decades and centuries, including for use in clothing & textiles and building materials. Zaja both owns and leases land for agri-business and has access to established networks for significant acreage utilisation for growing, processing, storage of various agri-products and by-products wheat, corn, sunflower, hemp, walnut, fruit orchards and other natural and organic products which are earth friendly.
Zaja has plans to construct hemp processing facilities using its own land and machinery and is negotiating with local and Republic of Serbia government departments for co-operation and assistance in areas of funding and grants, licencing, employment of local citizens and experts, and for marketing and exporting of products, said Zaja part owner Janet Ocampo, spokeswoman on the occasion of the MOU signing.
Mr Lenny Chan, director of GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. TICKER: URAL) said that the plan would provide for USD$10 million investment into Zaja factory processing facility and has a potential return of USD$150 million EBITDA over 5 years, of which URAL would earn a significant portion as part of its return on investment.
Mr Chan continued to say that the planned US Government set-up of the DFC (US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION) department in Serbia, as announced at the meeting with Serbian President Vucic and US President Trump September 4, 2020 in Washington, will provide potential funding up to USD$60 Billion and assistance to Serbia and others in the region and for which URAL will tender, thus linking the business opportunity between the two countries and of possible benefit to URAL and its shareholders having operations in both Serbia and the US.
ZAJA INVESTMENT LTD. Media Contacts:
Ms Janet Ocampo
Email: janetdo99@gmail.com
Phone: +381 62 8764657
GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL) 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 GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL)s ability to enter into the MOU on terms acceptable to GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL), if at all, potential benefits to GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL) under the MOU, Excavator Innovations and Zaja Investment or any other entity acquired or to be acquired ability to act as an effective commercial and distribution partner, and Excavator Innovations expected expansion into the construction equipment market. 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; Excavator Innovations and Zaja Investment or any other entity acquired or to be acquired ability to act as a successful commercial distribution partner; our history of operating losses and uncertainty of future profitability; the final outcome of any pending litigation; our ability to successfully complete research and further development of our drug candidates; the timing, cost and uncertainty of obtaining regulatory approvals of our drug candidates; our ability to successfully commercialize our drug candidates; dependence on royalties and grant revenue; 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. GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL) is not responsible for the contents of third-party websites.
GREEN VITALITY INVESTMENT HOLDINGS INC. (FORMER NAME: UNITED RAIL INC. OTCMARKETS TICKER: URAL)
Media Contacts:
Zac Andrejic
Head of Investor Relations
zac@zamsltd.com
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