Union Equity Inc. Announces Purchase of Bio Medical Inc.
May 23 2014 - 8:15AM
Marketwired
Union Equity Inc. Announces Purchase of Bio Medical Inc.
INDIANAPOLIS, IN--(Marketwired - May 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
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