Union Equity Appoints President for Subsidiary Preferred Properties Real Estate Inc.PALM BEACH, Fla. -- Union Equity, Inc. (Pink Sheets:UNQT) management has appointed Ms. Cyndi Lindenberger as president of Preferred Properties Real Estate, Inc., its subsidiary that is currently applying for correspondent lender status. Correspondent mortgage lenders are authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: to originate and broker residential and commercial mortgage loans and collect a commission in the process. Ms. Lindenberger possesses more than 20 years of experience in residential mortgage loan origination 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. , processing, underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. and real estate speculation. Upon issuance of the correspondent lender license, PPRE PPRE Peroxisome Proliferator Response Element (biology) PPRE Professional Photographers of the Redwood Empire will affiliate with a wide variety of wholesale lenders in order to accommodate conforming or "A" borrowers to those borrowers who fall outside of the requirements of traditional loan programs, otherwise known as "B-C" borrowers. Ms. Lindenberger is highly motivated and experienced in completing no doc, low doc and stated loans for clients. In addition to fulfilling her responsibilities as president of PPRE, Ms. Lindenberger will act as Senior Underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. for Union Equity Inc., analyzing files for loans Union Equity funds directly. PPRE will offer loans to the general public but will also act as a support vehicle for Home Sales Express, a Union Equity subsidiary specializing in the For-Sale-By-Owner (FSBO FSBO For Sale By Owner ) market. Home Sales Express, Inc. is a comprehensive resource for homeowners who want to participate as buyers or sellers in the For-Sale-By-Owner (FSBO) market. Through its website http://www.KingOffer.com, Home Sales Express is designed to attract owners of distressed properties that are not yet listed on the open market for purchase consideration by the company. The site can also accommodate owners of conforming properties who want to sell directly without the assistance of a real estate agent. Upon approval and filing of a Uniform Franchise Offering Circular Offering Circular An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. Notes: An offering circular allows investors to access information regarding a new issue. (UFOC UFOC Uniform Franchise Offering Circular ), as applicable and where required by law, Home Sales Express, Inc. will provide franchisees with brand name recognition, a ready-made website and comprehensive marketing support and access to financing through PPRE. The company is currently accepting inquiries on their website http://www.KingOffer.com. Interested parties should contact the company immediately. Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com. About Union Equity Union Equity is a national real estate development and holding company. The company operates independently and through its wholly-owned subsidiaries Eden Development Group and Home Sales Express and plans to grow aggressively over the next two to three years through acquisitions, mergers, internal growth and the development of a dynamic internet presence. About the Industry Florida ranked fifth nationally in housing appreciation in 2004 and is the nation's ninth most expensive housing market. Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. has been the fastest-growing city in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. for nearly 20 years and is one of the top housing markets in the country. Home prices in Las Vegas increased by nearly 50 percent in the past year. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments. In addition, any forecasts made by the company, whether short-term or long-term, regarding future profitability are based on hypothetical business models and do not constitute a guarantee of profitability. Investors are highly advised to seek professional advice and conduct a complete due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Investors who initiate such an investment strategy should possess the financial net worth to withstand such a loss. Union Equity, Inc., its subsidiaries, officers and employees cannot guarantee the completeness or accuracy of the information contained in company press releases. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy company stock. Further information on the company can be found on their website; http://www.UNQT.com. |
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