US National Telecom, Inc. Announces Private Placement for Restricted Securities
07 May 2012 - 11:19PM
Marketwired
US National Telecom, Inc. (PINKSHEETS: USNL) announces that the
Company has agreed to issue restricted preferred securities in
exchange for $140,000 in capital. The shares are not registered
with the Securities and Exchange Commission and will hold a
restrictive legend for at least 12 months.
The current capitalization of US National Telecom, Inc. is as
follows and is unchanged from its previous announcements. As of May
7, 2012, there are currently 3,475,250,391 shares of common stock
issued and outstanding of which 3,000,210,033 are restricted and
475,040,358 are free trading.
CEO Rebecca Guthrie stated, "The Company is moving forward with
its real estate acquisition plan and will update shareholders in a
timely manner when appropriate over the coming weeks and months.
The share structure has remained unchanged for several months now
and the issuance of stock in any new private placement will be for
restricted securities."
US National Telecom, through its subsidiary Florida Bay
Investments, Inc., plans to invest in cash flow properties in
multiple real estate markets throughout Florida. The markets that
have been targeted include Gainesville, Tampa, St. Petersburg,
Orlando, and Jacksonville, Florida. Further acquisitions in Miami,
Ft. Lauderdale, and Palm Beach, Florida are also being considered
in the due diligence currently underway.
US National Telecom is a Florida based company. It is a
development stage company looking to acquire real estate interests
that offer positive cash flow returns. It has a website:
www.usnationaltelecominc.com
Safe Harbor Statement
Information in this document constitute forward-looking
statements or statements which may be deemed or construed to be
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The words "forecast,"
"anticipate," "estimate," "project," "intend," "expect," "should,"
"believe," and similar expressions are intended to identify
forward-looking statements. These forward-looking statements
involve, and are subject to known and unknown risks, uncertainties
and other factors which could cause US National Telecom's actual
results, performance (financial or operating) or achievements to
differ from the future results, performance (financial or
operating) or achievements expressed or implied by such
forward-looking statements. The risks, uncertainties and other
factors are more fully discussed in US National Telecom's filings.
All forward-looking statements attributable to US National Telecom
here in are expressly qualified in their entirety by the
above-mentioned cautionary statement. US National Telecom disclaims
any obligation to update forward-looking statements contained in
this estimate, except as may be required by law.
For further information please contact Rebecca Guthrie 786 202
1023 Email Contact
US National Telecom (CE) (USOTC:USNL)
Historical Stock Chart
From Jan 2025 to Feb 2025
US National Telecom (CE) (USOTC:USNL)
Historical Stock Chart
From Feb 2024 to Feb 2025