PITTSBURGH, Nov. 15, 2013 /PRNewswire/ -- Unique Pizza
and Subs Corporation (OTC Markets Groups Inc.: OTC Pink: UPZS) a
Delaware Corporation, is pleased to announce it will begin the
process of implementing a EB-5 Visa Program and has sources for
potential investors in China, who
will be non-U.S. residents as defined by the Regulation S offering
exemption. Unique Pizza and Subs will use its best efforts to
qualify and acquire potential investors and will help them,
prepare, complete and file their USCIS EB-5 application
petitions.
The EB-5 Immigrant Investor Program, which has been in existence
since 1990, has become increasingly popular as a source of venture
capital for U.S. enterprises over the past few years. Under the
program qualifying foreign nationals can receive a green card with
a minimum investment of $500,000 if
they are able to prove that their at-risk money has created at
least 10 jobs for U.S. citizens. The purpose of the EB-5 Program is
to help stimulate foreign investment in the U.S., with the goal of
boosting the economy and creating jobs.
China is now the dominant
market for EB-5 investors. The number of Chinese EB-5 applicants,
which has been growing since 2008, represented over 80 percent of
the 2012 applicant pool that generated a reported $1.8 billion in total investment. For Fiscal Year
2011, The USCIS reported that China accounted for 73% of the total EB-5
visas issued. The massive influx over the past several years of
Chinese EB-5 investment into the U.S. is one of the reasons why
Washington, D.C. opened a
Shanghai representative office in
2012. According to the Heritage Foundation's January 2013 China Global Investment Tracker
report, China invested a record
$54.2 billion in the U.S. in
2012.
James Vowler President and CEO of
Unique Pizza and Subs Corporation said, "The EB-5 Program will act
as a compliment and a catalyst to our frozen pizza program and
future franchise sales in China.
One of the biggest challenges EB-5 investors face is the success of
their business after they have made their initial investment.
Unique has plans to open corporate and franchised locations in the
areas in which the investors will come from. This will allow
potential investors to see, touch and taste their investment
beforehand and allow them to be fully trained before their life
changing move. In the next couple of weeks, we expect to announce,
that Unique Pizza will be partnering with a firm that will help
navigate the complexities of cross border transactions and will
take advantage of their extensive network of contacts in
China.
"
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
27E of the Securities Act of 1934. Statements contained in this
release that are not historical facts may be deemed to be forward-
looking statements. Investors are cautioned that forward-looking
statements are inherently uncertain. Actual performance and results
may differ materially from that projected or suggested herein due
to certain risks and uncertainties including, without limitation,
ability to obtain financing and regulatory and shareholder approval
for anticipated actions.
SOURCE Unique Pizza and Subs Corporation