Universal Solar Technology, Inc. (UNSS)

[Buellersback]

NEWS!!!! Entrex executes LOI to acquire public company for State based Business Development Company
BocaRaton,Fl.July20,2020: TheEntrexCapitalMarket(OTC:UNSS)(https://Entrex.Market)is pleased to announce it has executed a Letter of Intent to acquire a public company for one of its state based markets.

http://florida.entrex.market/news/

“We’ll be taking the newly acquired public company and electing a Business Development Company, or BDC, structure. A BDC is a tax advantaged fund structure established to invest in small and medium private businesses” said Stephen H. Watkins, CEO of Entrex (http://Entrex.Market). “Our intent is for the BDC to buy a small piece of every company in a particular state based market – offering investors a diversified basket of yield from state based private companies.” he continued. “Disclosure of the company will occur when appropriate filings have been filed and/or updated with the Securities and Exchange Commission”.
“This will allow local investors to invest locally while having an economic trickle-down effect providing economic and employment growth to their communities. We envision the BDC offering a state based index type structure – similar to the NASDAQ index buying a portion of each NASDAQ company – but focused on private state based companies presently not available on or to Wall Street alternative investment buyers. These funds will be an exciting new investment vehicle” suggested Tom Harblin of Equity Match who has been influential in the development of the Entrex Florida Market.
“Watkins and his team continue to execute on their business model. This BDC will help bring both companies and revenues to the Entrex state market which we expect should benefit our UNSS/Entrex majority ownership position and buy-out option.” said Paul Landrew Chairman of UNSS.
“The roll-up of markets, once they reach critical mass, is an important opportunity for the Entrex/UNSS investors. We’ll provide liquidity to the market developers – while offering significant upside for Entrex/UNSS investors building unified market platforms” continued Landrew.
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]