United Communications Partners Inc (UCPA)

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UCPA sells Nyheter365 division for $5,500,000 Swedish Krona or approx $ 770,000 USD

UCPA management commenting on the sale:

Based on our outlook on growth and profit development for Nyheter365 and our continuance in being a majority owned entity in 3Kronor, the sale made logical sense. Additionally, coupled with management in Nyheter365 becoming frustrated over the sales situation a sale to management at this time was now a strategically sound idea.

Further comments on the future growth and direction of the company:

How shareholder value was created by the sale?

The price represents the equivalent of 6-8 years profit in Nyheter365 given continued 3Kronor majority ownership. Through the sale, 3Kronor can now finance other investments for the future in 3Kronor and focus on its core objectives becoming the most important business partner of our clients.

http://finance.yahoo.com/news/ucp-monthly-shareholders-newsletter-sept-170400248.html

UCPA continues to grow and evolve at a pace greater than it's peers.

UCPA

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