projects a profitable Q4 2020 despite of late filing
GA -- April 7, 2021 -- InvestorsHub NewsWire
Asset LP (OTCQX:
UCASU) has filed Form 12b-25, also known as Form NT, to extend
its annual filing of Form 10K for 15 calendar days. The
projecting a profitable 4th
is our first 10-K so there is a lot to learn. We would rather to
work slower and get things right,"
Larry Wu, founder of UC Asset. In 2018, UC Asset went
through an Initial Public Offering under Reg A and has since been
filing its annual reports as Form 1-K and semi-annual reports as
Form 1-SA. The
Company filed Form 10 in September, 2020, to voluntarily convert
itself into a fully reporting company.
a fully reporting company will pave the road for us to fulfill our
goal of continuous growth and to be listed on a national exchange
such as NYSE or NASDAQ," says Wu. "We
understand becoming a fully reporting company means
we will have to follow
higher standard of filing. We will have to file on a quarterly
basis, and will be subject to more disclosure
addition, management is working to balance
task of filing alongside their daily duty of operating the Company.
of a dynamic post-pandemic real estate market has prompted the
management team to work diligently screening new investment
is changing the landscape of real estate investment. And the
COVID-19 pandemic, ironically, has expedited
some of these changes,"
Greg Bankston, managing partner, UC
have adapted a set of new investment strategies that will empower
us to make better returns in the post-pandemic
team has been very busy screening new projects."
The Company expect
its 10K will be filed no later than April 15, 2021.
About UC Asset
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.
For More Information Contact:
Christal Jordan |
Investor Relations Director, UC Asset LP