SHENZHEN, China, May 7, 2013 /PRNewswire/ -- Uni Core Holdings
Corporation (OTC Bulletin Board: "UCHC"), a Hong Kong based holding company, clarifies and
clears the shareholders' concern that UCHC is a solid company with
actual business operations and revenues.
Although it was and still is a very difficult situation
financially due to the sub-standard performance of one our
segments, APT Paper Group, management of UCHC continues to work
hard to revitalize the company, including building up the farm
business of the Shaanxi Prosperous Agriculture Company Limited.
Mr. James Wu, CEO of UCHC, is
pleased to release the positive news that the Korean "Phyllite" has
contributed greatly to building up the farm business and has been
developed into various new products. Furthermore, a manufacturing
facility can be built to handle the sub-contract work for other
farm products, such as farm medicines for fish farms and animal
farms, etc., which can be exported to Japan as well as distributed in the
China market.
Management of UCHC further explained that UCHC is waiting for
the completion of the U.S. Audit results. This is the reason why
the farm business results have not been consolidated into the
books of UCHC, although UCHC owns 51% controlling interest of the
farm business. It is expected that the farm business results will
be included in the next quarter report, in June 2013.
To summarize, UCHC is still very much alive and active, the
management is working hard to try to rebuild the company back to a
profitable company. Fund raising is critical to the pace of
the farm business expansion or the business may move slower.
About Uni Core Holdings Corporation (UCHC.OB)
Uni Core through its subsidiaries
develops, manufactures and distributes environmental friendly paper
and agricultural products based upon its proprietary technology and
supply chains. The Company was founded in 1998 and is headquartered
in Hong Kong.
APT Paper Group, founded in November
1993, is a wholly owned subsidiary with factories in Suzhou
and Qingdao, China. UCHC
acquired 100% of APT in June 2010. Based upon proprietary
technology, production, marketing and global supply chains, APT is
one of the leaders of the modern environmentally friendly packing
and honeycomb paper products industry in China. APT's products
are produced from recycled materials and are recyclable. APT's
products include honeycomb paper pallets, honeycomb paper panels,
honeycomb paper cartons, honeycomb paper coffins, honeycomb paper
cushions, paper slip-sheets, paper corner protectors and corrugated
paper products. APT holds patents throughout the world on many
of its products. Some of APT's customers include Wal-Mart,
Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense, among
others.
Prosperous Agriculture, 51% of which is owned by UCHC, is
headquartered in Xi'an,
Shaanxi Province, China.
Prosperous Agriculture manufactures and distributes agricultural
brands and also establishes a national agricultural resources chain
direct sales platform through the opening and acquiring of
agricultural resources direct sales outlets and dealers, and by
working with well-known manufacturers of agricultural products.
Prosperous Agriculture integrated more than 2,000 agricultural
resources.
Safe Harbor Statement:
Except for statements of historical fact, this document contains
certain "forward-looking statements" as defined by the Private
Securities Litigation Reform Act of 1995, including, without
limitation expectations, beliefs, plans and objectives regarding
the development, use and marketability of the Company's products.
Such forward-looking statements are based on present circumstances
and on the Company's predictions with respect to events that have
not occurred, that may not occur, or that may occur with different
consequences and timing than those now assumed or anticipated. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, and are not guarantees of future
performance or results and involve risks and uncertainties that
could cause actual events or results to differ materially from the
events or results expressed or implied by such forward-looking
statements. Such factors include the Company's ability to raise
capital to engage in operations, general economic and business
conditions, the ability to successfully develop and market
products, consumer and business consumption habits, the ability to
fund operations and other factors that the Company has little or no
control. Such forward-looking statements are made only as of the
date of this release and the Company assumes no obligation to
update forward-looking statements to reflect subsequent events or
circumstances. Readers should not place undue reliance on these
forward-looking statements. Risks, uncertainties and other factors
are discussed in documents filed from time to time by the Company
with the Securities and Exchange Commission.
For more information, please contact:
Mr. Zhou Caiyi
Tel: +852-2827-6898
Fax: +852-2827-6989
Email: ir@unicoreholdings.com
Web: http://www.unicoreholdings.com
SOURCE Uni Core Holdings Corporation