Bucknall Financial Secures Breakthrough Funding for Universe2U SmartCommunity Projects.Business Editors RICHMOND HILL Richmond Hill may refer to: Places:
Universe2U (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:UTOU) is very pleased to announce that Bucknall Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Inc. has arranged breakthrough funding for three of Universe2U's SmartCommunity(TM) network developments. The SmartCommunity(TM) is a powerful electronic network of education, health, business and government agencies that will result in speedier, superior connectivity. Bucknall has obtained commitments for funding anticipated to exceed approximately $100 million throughout on-going development and implementation of these networks. "Bucknall Financial is very excited to work with Universe2U and their various municipal partners to implement these projects," said Irene Payne, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bucknall Financial, a specialist in municipal financing and originator of this unique funding formula. "These projects are major initiatives for municipalities in the area of emerging technologies, and are counted on to assist every sector and department within the communities to embrace the benefits of vastly improved services and access to global information. A SmartCommunity(TM) should expect to attract investment above the norm when provided with better municipal services This article or section deals primarily with the United Kingdom and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , as well as stimulate substantial economic growth," said Kim Allen Kim (Bryant) Allen (born April 5, 1953 in Fontana, CA) is a former Major League Baseball player. After attending University of California, Riverside and a nondescript minor league career, Allen briefly earned prospect status with the Seattle Mariners on the strength of his , CEO of Universe2U. "Bucknall's support breaks through the fiscal roadblocks communities must overcome in order to reach their goals. We expect this funding to enable development and implementation of these projects to get off the ground in the near future." "The compelling benefits of our SmartCommunity(TM) model are applicable to all constituents in our partner communities with results that can enhance nearly every facet of daily life. Municipalities need to meet the increased demand for efficient interaction with the world of information. Facilitating SmartCommunity(TM) project financing Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. on behalf of our municipality partners is just another customer-driven element of our turnkey approach," added Angelo Boujos, Chairman of Universe2U. Universe2U will function as a complete "one-stop shopping" expert resource. The company will provide engineering and infrastructure development of a fiber optic network, utilizing a variety of appropriate technologies to achieve the service required. The Company will also collaborate with the municipalities to assist with marketing and financing through a proprietary business model. About Bucknall Financial Services Inc. Bucknall Financial is in the asset-based financing Asset-based financing Methods of financing in which lenders and equity investors look principally to the cash flow from a particular asset or set of assets for a return on, and the return of, their financing. business, specializing in providing unique financial solutions to some of North America's leading companies and largest governments institutions. Bucknall forges mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" alliances with strategic customers and established financial partners, creatively solving the financing needs of its customers. About Universe2U Inc. Universe2U (www.universe2u.com) specializes in the development of advanced fiber-optic and broadband applications and is committed to fulfilling the demands for multiple and complex installations across the continent. Forward Looking Statement Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by words including "anticipate", "await", "envision", "foresee", "aim at", "believe", "intends", "estimates", "expect", and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers are directed to the Company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the Company's business and results of operations. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion