USNL - US National Telecom
US National Telecom, Inc a Florida based corporation is actively looking to acquire real estate investments that produce positive cash flow results. The company was established in 1999 and was formerly know as Yi Wan Group. The company has an office located in Miami Florida and plans to open other offices within Florida and other markets where deemed necessary. The mission is to invest in highly undervalued and distressed properties that are under market value and are well below reconstruction cost in todays market.
We have a professional group of real estate professionals that not only source the prospective investments but are also willing to manage the investments long term. These professionals have been chosen due to their knowledge and understanding of where the market is now and where it is headed in the future.
We specialize in residential investments and to some extent commercial investments if the returns are satisfactory. The reason for the residential acquisitions is that the credit market has essentially changed over the past two years. It is a lot harder as a family or individual to gain financing for your home or investment property. The rental market is quite strong in many areas of Florida, combined with a depressed price and lack of financing available properties are not only historically cheap but also provide a strong rental return.
The company aims to buy or finance as many cash flow properties over the next 2-3 years while prices of homes are severely depressed.
Florida: Several key markets in Florida exist in todays real estate market. The thousands of homes that are still to go through foreclosure are astounding. Each individual County of Florida offers a wide variety of options for investment purposes.
The company plans to invest in areas that offer the most stable job opportunities and growth so that we can maximize out tenant base and risks associated with investments not being occupied. Some markets that we have researched include Orlando Fl, Gainesville FL, Miami Fl, Tampa and St Petersburg Fl. These municipalities offer strong population size, potential for growth and a strong possibility for capital appreciation. The large majority of these cities have large colleges, existing large commercial and industrial investment, access to major rail and air terminals and have existing high valued medical facilities. All of these factors considered means that these areas should receive higher rental returns and reduce the risk of tenants not occupying the investments. Investments in these areas are severely depressed in terms of price compared to the market value several years ago. The value of a home in key areas is in some cases 50% below prices in 2006/07. Construction costs to build the same house are higher than the asking price.
|Reporting Status ||Alternative Reporting Standard |
Deregistered a/o Aug 01, 2007
|Audited Financials ||Not Available |
|Latest Report ||May 22, 2012 Quarterly Report |
|Regulatory Agency ||Not Available |
|CIK ||0001157667 |
|Fiscal Year End ||12/31 |
|OTC Market Tier ||OTC Pink Limited |
|SIC - Industry Classification ||6500 - Real Estate |
|Business Status ||Development Stage Company a/o May 29, 2008 |
|Incorporated In: ||FL, USA |
|Year of Inc. ||1990 |
|Employees ||1 a/o Nov 12, 2009 |
- Formerly=Yi Wan Group, Inc. until 10-07
Service Providers Auditor/Accountant
Not Available Legal Counsel Investor Relations Firm
USNL Security Details
|Market Value1 ||$1,737,625 ||a/o Jun 20, 2012 |
|Shares Outstanding ||3,475,250,391 ||a/o Mar 31, 2012 |
|Float ||475,040,358 ||a/o Mar 26, 2012 |
|Authorized Shares ||5,000,000,000 ||a/o Mar 19, 2012 |
|Par Value ||No Par Value |
|Shareholders of Record ||55 ||a/o Jun 30, 2011 |
- Capital Change=shs increased by 3 for 1 split Ex-date=02/04/2008. Rec date=01/18/2008. Pay date=02/01/2008.
- Capital Change=shs decreased by 1 for 10000 split Pay date=11/05/2008.
- Capital Change=shs decreased by 1 for 2000 split. Pay date=07/22/2010.
OTC Disclosure & News Service
|Jun 21, 2012 ||Attorney Letter with Respect to Current Information - Attorney letter ||Mar 31, 2012 ||Active |
|May 22, 2012 ||Quarterly Report - USNL 1st Quarter March 31, 2012 ||Mar 31, 2012 ||Active |
|Apr 25, 2012 ||Attorney Letter with Respect to Current Information - Attorney letter with respect to current information ||Dec 31, 2011 ||Active |
|Apr 5, 2012 ||Annual Report - USNL Annual Report 2011 ||Dec 31, 2011 ||Active |
|Apr 5, 2012 ||Quarterly Report - USNL 4th Quarter 2011 ||Dec 31, 2011 ||Active |
|Dec 29, 2011 ||Attorney Letter with Respect to Current Information ||Sept 30, 2011 ||Active |
|Dec 20, 2011 ||Supplemental Information - Statement of Cash Flows 2009 ||Dec 31, 2009 ||Active |
|Dec 19, 2011 ||Attorney Letter with Respect to Current Information ||Sept 30, 2011 ||Active |
|Dec 15, 2011 ||Articles of Incorporation - Certificate of Amendment ||Jun 30, 2010 ||Active |
|Dec 1, 2011 ||Quarterly Report - Quarterly report Sept 30, 2011 ||Sept 30, 2011 ||Active |