Entrex is pleased to announce that the Directors have agreed to terms for interested investors in the majority owned Entrex African American Market.
Universal Solar Technology (OTCMKTS:UNSS)
BOCA RATON, FLORIDA, USA, March 1, 2021 /EINPresswire.com/ — The Entrex Capital Market (OTC: UNSS) (https://Entrex.Market) is pleased to announce that the UNSS Board of Directors has agreed to terms for interested investors in the majority owned Entrex African American Market.
“This has turned out to be the right time for this sector for both African American companies trying to access capital and investors interested in supporting the sector” said Stephen H. Watkins CEO of Entrex. “We believe there are substantial cash-flowing African American companies that need access to capital and deserve it. These companies represent the ‘feet on the street’ and are the employment and economic growth sector of our nation.”
Paul D. Landrew Chairman of Entrex/UNSS suggests; “The investors with whom we are working want both economic and social returns. They believe, as we do, that investing can serve more than just economic returns – but bring social improvement for impoverished and underserved sectors.”
“Some of the investors have expressed interest in being the face of the market – which could bring a fascinating opportunity to align Wall Street monies with leaders in the African American Community – we believe it could be a win-win for all” said Watkins. “The economic returns offer interest on the Principal while repayment at the end of the 24 months term in cash or UNSS stock. The investors will also receive 10% dilutable equity of the African American Market which has an evergreen option to be purchased by Entrex Inc, (OTC:UNSS), on a onetime event, to acquire 100% of all dilutable shareholder/member interests at any point after a minimum of $15,000,000 of trailing 12 month EBITDA has been reached at a price no less than 11.6x EBITDA for a collective minimum company value of $174,000,000.
Entrex (OTC: UNSS) was founded in 2001 as a “capital market system for entrepreneurial companies”. Today Entrex creates regulatory compliant niche capital market systems which support regulated market constituents to originate, structure, place, trade, settle and service securities of entrepreneurial companies. Working together with industry sector leaders and regulated market constituents the Entrex platforms allows investors to find, research, track, manage, and trade entrepreneurial securities whether sector (https://african-american.entrex.market/) or commodity (www.EntrexCarbonMarket.com) focused. www.Entrex.Market
Forward Looking Statements:
This press release includes statements of the Company’s expectations, intentions, plans and beliefs that constitute “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of the Company’s business strategies and its expectations concerning future operations, margins, sales, new products and brands, potential joint ventures, potential acquisitions, expenses, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These also include statements relating to the anticipated benefits of the announced transaction between the Company and Entrex. These statements include any statement that does not directly relate to a historical or current fact. You can also identify these and other forward-looking statements by the use of such words as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “thinks,” “estimates,” “seeks,” “predicts,” “could,” “projects,” “potential” and other similar terms and phrases, including references to assumptions. These forward looking statements are made based on expectations and beliefs concerning future events affecting the Company and are subject to uncertainties, risks and factors relating to its operations and business environments, all of which are difficult to predict and many of which are beyond its control, that could cause its actual results to differ materially from those matters expressed or implied by these forward looking statements. These risks include the Joint Venture’s ability to successfully pursue its business plan, the possibility that the Company’s equity interest in the Joint Venture may be diluted as a result of capital raises by the Joint Venture, the possibility that Entrex may have the right to repurchase the previously contributed assets for nominal consideration, the Company’s ability to develop and commercialize new technologies, the Company’s history of losses and expectation of further losses, its ability to expand its operations into blockchain technologies, its ability to develop or acquire new brands, the success of its marketing activities, the effect of competition in its industry and economic and political conditions generally, including the current economic environment and markets. More information about these and other factors are described in the reports the Company files with the Securities and Exchange Commission, including but not limited to the discussions contained under the caption “Risk Factors.” When considering these forward-looking statements, you should keep in mind the cautionary statements in this press release and the reports the Company files with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and the Company cannot predict those events or how they may affect it. The Company assumes no obligation to update any forward-looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.
For further information:
Stephen H. Watkins
Entrex Capital Market
Paul D. Landrew
Universal Solar Technology Inc. (OTC:UNSS)