Third paragraph, second sentence of release should read: An immediate impact of this conversion is that it will likely allow more brokerage firms to accept share deposits... (instead of: This conversion will immediately allow more brokerage firms to accept share deposits...).
The corrected release reads:
UC ASSET RESOLVED TO BECOME A FULLY REPORTING COMPANY
UC Asset LP (OTCQX: UCASU) management announced the company will file a form 10 to transition from a Regulation A plus ("Reg A+") reporting company to a fully reporting company.
"UC Asset’s mission has always been to become a billion-dollar firm and be listed on a national exchange such as NYSE or NASDAQ," explains Christal Jordan, Investor Relations director of UC Asset. "We believe becoming a fully reporting company will lay the foundation for our further growth, enable our shareholders and empower the company with more options and tools in financing."
UC Asset founder Larry Wu believes the conversion would provide US Asset shareholders with more choices, which would prove beneficial long-term. "An immediate impact of this conversion is that it will likely allow more brokerage firms to accept share deposits from UC Asset’s private round and IPO round shareholders," Wu says.
UC Asset made its first public filing of its offering circular with the SEC, pursuant to the requirements of Reg A+, in January 2018. The offering circular was qualified by the SEC on June 13, 2018, when the company became an SEC reporting company pursuant to the requirements of Reg A+, and have filed its annual reports (form 1-K) and semi-annual reports (form 1-SA) since then. After becoming a fully reporting company, UC Asset will start to file with the SEC on a quarterly basis, including annual reports (form 10-K) and quarterly reports (form 10-Q). The conversion will automatically become effective after 60 days of the filing of its form 10.
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About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate for development and redevelopment, concentrating in metropolitan areas of Atlanta, GA and Dallas, TX. For more information about UC Asset, please visit: www.ucasset.com
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
Christal Jordan | Investor Relations Director, UC Asset LP
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