URHG Announces Change of Company Control and New Management
Press Release | 08/16/2022
UNITED RESOURCE HOLDINGS GROUP, INC. ANNOUNCES CHANGE OF COMPANY CONTROL AND NEW MANAGEMENT TEAM
United Resource Holdings Group, Inc. (OTC Pink: URHG) a Nevada holding corporation announced today (8/16/2022) that Paladin Equity Partners and other investors has successfully negotiated and purchased majority control of URHG via the purchase of 4.5M shares of Preferred A stock. Following numerous months of due diligence by both parties, an agreement was reached and approved, by Paladin Equity Partners and URHG for the transaction.
New Management Team -
URHG has installed a new management team as of8/16/22. Specific actions:
URHG announced a new CEO and Chairman of the Board - Bob Shuey, Financial Advisor. Mr. Shuey has over 40 years working with Nano market public companies and twenty-two years in Corporate Finance and Investment Banking experience. He is currently Managing Director ofPaladin Equity Partners,LLC an alternative investment partnership located in Dallas, Texas. He serves on the companies board and is a consultant to the company. (Mr. Shueys bio will soon be on the company website.)
Gerald Condon has resigned as President8/16/22and has subsequently been appointed and has accepted a position on the new board as a director effective immediately. Bob Shuey states, Mr. Condon has done an admirable job as President advancing the company the last several years and has accomplished numerous items including,developing the first revenue the company has seen in years, and cleaned up and reduced the company debt. Mr. Condon was successful in positioning the company for growth and we are pleased he will continue to assist the company from a board role.
Board of Directors Changes -
Existing Board members Gary Bermensolo, - Director, William Loughmiller - Director, and J.E. Ted Simplot - Director have resigned from the board of Directors.
Peter Dauterman - Financial Advisor was appointed as Director and will be joining the new board. Mr. Dauterman is currently a Director ofPaladin Equity Partners,LLC an alternative investment partnership located in Dallas, Texas. Mr. Dauterman is a member of the CompanysBoardand serves as a consultant to the Company with fifteen years in Corporate Finance advisory. (Mr. Dautermans bio will soon be posted on the company website.)
Efforts
CEO Shuey stated the initial effort of the company is to have the financials audited and to search for and locate additional assets to bring into the company that will create growth and expansion for shareholder value.
CEO Shuey goes on to say, we are proceeding to interview SEC PCAOB auditors to obtain two years of auditedfinancials.tobecome a 34 act company ( not alternate act company). So we can be listed on the OTCQB.
Any questions should be directed to Bob Shuey atinfo@urhg.netand phone number 214.377.7911 extension 2
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