Universal Solar Technology, Inc. (UNSS)

[Buellersback]

Paul Landrew delivers on his commitment to update investors per my request during my call a few weeks ago! This really reassures me and it looks like matters should be resolved by the end of Q2. TICK TOCK!!!


UNSS management offers update on Entrex Merger
BocaRaton,Fl.May13,2020: TheEntrexCapitalMarket(OTC:UNSS)(https://Entrex.Market)is pleased to announce a formal response from UNSS management on the merger status:
“Universal Solar Technology, Inc. (OTC Markets: UNSS) has released a statement regarding the pending merger with Entrex. Company Chairman, Paul D. Landrew, has acknowledged the unanticipated delay in completing the merger,butemphasizesthattheplansarestillinplace. AccordingtoLandrew,therewereinternalmatterstoUniversal Solar which had to be resolved in order to move forward with a merger position that would result in stronger company post-merger.
While speed efficiency is most desired, the integrity of the process and the prevention of any future problems that would disrupt the ongoing plans of the new Entrex took priority. When asked to summarize the cause of the delay, Paul D. Landrew said “I would summarize it this way. There was a need to satisfy internal personnel concerns, secure available replacement professional services to complete all matters of reporting and ensure that the integrity of filings are above reproach.
Mr. Landrew also acknowledges the skittishness among investors and is sensitive to their concerns. “We have been reserved in trying to answer individual inquiries as we must ensure no disclosures happen out of sequence or professional order.” He continues that “we are assured with the problems behind us to close all matters related to the merger well before the end of the second quarter. This time is given as it accommodates the commitments of the support business professionals considering the current COVID19 environment.
About Entrex:
Entrex (OTC: UNSS) was founded in 2001 as a “capital market system for entrepreneurial companies”. Today Entrex creates regulatory compliant niche capital market systems which support regulated market constituents to originate, structure, place, trade, settle and service securities of entrepreneurial companies. Working together with industry sector leaders and regulated market constituents the Entrex platforms allows investors to find, research, track, manage, and trade entrepreneurial securities whether geographic (www.EntrexFloridaMarket.com), sector or commodity (www.EntrexCarbonMarket.com) focused. www.Entrex.Market
Forward Looking Statements:
This press release includes statements of the Company’s expectations, intentions, plans and beliefs that constitute "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of the Company’s business strategies and its expectations concerning future operations, margins, sales, new products and brands, potential joint ventures, potential acquisitions, expenses, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These also include statements relating to the anticipated benefits of the announced transaction between the Company and Entrex. These statements include any statement that does not directly relate to a historical or current fact. You can also identify these and other forward-looking statements by the use of such words as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "thinks," "estimates," "seeks," "predicts," "could," "projects," "potential" and other similar terms and phrases, including references to assumptions. These forward looking statements are made based on expectations and beliefs concerning future events affecting the Company and are subject to uncertainties, risks and factors relating to its operations and business environments, all of which are difficult to predict and many of which are beyond its control, that could cause its actual results to differ materially from those matters

expressed or implied by these forward looking statements. These risks include the Joint Venture’s ability to successfully pursue its business plan, the possibility that the Company’s equity interest in the Joint Venture may be diluted as a result of capital raises by the Joint Venture, the possibility that Entrex may have the right to repurchase the previously contributed assets for nominal consideration, the Company’s ability to develop and commercialize new technologies, the Company’s history of losses and expectation of further losses, its ability to expand its operations into blockchain technologies, its ability to develop or acquire new brands, the success of its marketing activities, the effect of competition in its industry and economic and political conditions generally, including the current economic environment and markets. More information about these and other factors are described in the reports the Company files with the Securities and Exchange Commission, including but not limited to the discussions contained under the caption “Risk Factors.” When considering these forward looking statements, you should keep in mind the cautionary statements in this press release and the reports the Company files with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and the Company cannot predict those events or how they may affect it. The Company assumes no obligation to update any forward looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.
For further information:
Stephen H. Watkins
Entrex Capital Market
[phone] [e-mail]
Paul D. Landrew
Universal Solar Technology Inc. (OTC:UNSS) [phone] [e-mail]