Empyrean Holdings Inc. to Invest $10 Million in Southern California.HOUSTON -- Empyrean Holdings Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EPYH), a national real estate holding firm, announced its commitment today to invest $10 million into real estate development projects in Southern California through its affiliation with United Construction Group (UCG UCG United Church of God UCG Underground Coal Gasification UCG University College Galway UCG Unified Communications Group (Microsoft) UCG Universal Command Guide for Operating Systems (Guy Lotgering book) ). These developments will include retail and commercial developments as well as a large residential community consisting of both multi-family and single-family homes. 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. Robert L. Lee added, "We appreciate the opportunities that UCG has given us and recognize that a solid relationship with a major construction company will allow us to gain a strong foothold as a premier national real estate holding firm. We have a clear and defined path towards NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on and will demonstrate to shareholders and investors that it is possible to reorganize a Bulletin Board company and make it a shining success." Empyrean has already committed to another of UCG's similar projects in Kewaskum, Wisconsin. All of UCG's developments offer fantastic investment opportunities for Empyrean and allow the potential for additional investment by the company as profits are realized. Both Empyrean and UCG management are committed to increasing shareholder value and long-term corporate stability through consistent and secure property income. Note: "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. " Statement Under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. |
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