Universal Solar Technology, Inc. (UNSS)

[Buellersback]

More DD I just found on CEOs LinkedIn page posted by him back in April:

https://www.linkedin.com/pulse/entrex-universal-solar-technology-otcunss-joint-venture-watkins/

Entrex and Universal Solar Technology (OTC:UNSS) Joint Venture creating Carbon Trading Market
Published on April 24, 2019
Stephen Watkins
Stephen Watkins
Founder and CEO at Entrex which offers regulatory compliant trading platf... See More
13 articles
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https://www.sec.gov/Archives/edgar/data/1434389/000143438919000002/0001434389-19-000002-index.htm

Entrex Capital Market executes Letter of Intent

with Universal Solar Technology creating Carbon Trading Market

Boca Raton, Fl. April 17, 2019: The Entrex Capital Market joint venture

with Long Blockchain (OTC:LBCC) is pleased to announce the execution of

a Material Definitive Agreement through an executed Letter of Intent to

create a joint venture to establish a Carbon Trading market with

Universal Solar Technology (OTC:UNSS). The joint venture will use

Entrexs blockchain enabled technology platform to trade carbon credits,

carbon offsets and other environmental securitized product. The platform

would allow credits, offsets and other environment products to be found,

researched, track, managed and traded via regulated entities through

a compliant platform. Entrex shareholders will receive twenty percent

of the joint ventures revenues up to $31,000,000 distributed on a monthly

basis and will own forty percent of the equity of the entity. Universal

will invest $4,000,000 in in cash for forty percent of the joint venture

founding equity. Stephen H. Watkins, CEO of Entrex, is expected to join

the UNSS Board of Directors. Universal also has a minimum buyout option

which allows it to purchase all remaining equity holders shares based on a

minimum of 11.6 times a minimum trailing twelve month EBITDA of $15,000,000

resulting in a minimum enterprise value of $174,000,000. This valuation

is expected to be fifteen percentbelow market comparables providing

Universal an estimated $30,000,000 in additional market valuation when

and if the option is exercised.

We see companies and consumers interested in carbon neutrality and believe

we can use our proven, blockchain enabled, platform for producers to

efficiently list carbon products while providing buyers access to

industry compliant products said Stephen H. Watkins, CEO of the

new joint venture. This is a tremendous transaction for UNSS and our

investors said Paul D. Landrew, CEO of Universal Solar. We expect the

trading market to propel UNSS into a leadership position in the sector,

utilizing the proven technology created by the Entrex team but also

gives the ability to buy out the equity owners providing even more

anticipated value for our shareholders.

Andrew Shape, CEO of Long Blockchain suggests; Our partnership with

Entrex has facilitated Long Blockchains transition into the blockchain

industry by leveraging Entrexs proven blockchain-enabled

technology platform. Together, we will seek to scale the platform across

a range of industries and types of assets. We expect this transaction

to provide nearly $3 million in cash-flow from the revenue participation

certificate and an additional $6.9 million for

the LBCC shareholders if UNSS executes their buy-out option.





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Stephen Watkins
Stephen Watkins
Founder and CEO at Entrex which offers regulatory compliant trading platforms securitizing equities and commodities
Published • 6mo
13 articles

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Excited to use our technology platform for alternative products,