INDIANAPOLIS, IN, United States, via eTeligis Inc., 05/23/2014 - - Union Equity, Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT) is pleased to announce that through its wholly-owned subsidiary, Union Equity Investments, Inc., has purchased Bio Medical Inc. for shares of restricted stock of Union Equity Inc. and $7500.00 in cash, which is already paid in full, per an agreement dated and signed on December 10, 2012. Bio Medical holds interest in a medical marijuana company. Bio Medical Inc. is confident, although it is actively being disputed by the medical marijuana company, that the shares of preferred stock it holds in the medical marijuana company are valid. It is determined to protect such rights.
CEO JT Thornburg reiterates, "Neither Union Equity Inc., nor any subsidiary of Union Equity will sell, purchase, or participate in any operations of a medical marijuana company unless it firmly believes that such actions are completely and unquestionably legal on all fronts."
Contact:
Investor Relations
Phone: 317-575-4113
Email: jtthornburg@live.com
Website: http://www.unionequityinc.com
SOURCE: Union Equity Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
UNQT_05-23-2014_MEL_ETL.docx
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