Five and Under

[ukie]

UPRC: news just out.

promotion alert

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Date/Time of Promotion Alert: 11-02-2001 15:28 EST
Company: UPRC - Uniprime Capital Acceptance Inc
Stock Price @ Publication: $ .22
Volume @ Publication:686500

PROMOTER: OTC Financial Network
HEADLINE: UPRC Announces the cancellation of project for another

PROMOTION ALERT BODY:

PROMOTION SUMMARY:
UniPrime Capital Corporation Inc. (OTC:UPRC) announced that they have cancelled the transaction with a California-based wind park ground lease, in favor of a new, yet-to-be-disclosed project.

The company's press release states:

As a result of a special Board Meeting held yesterday, the decision was made to reject the 3,000 acre Tehachapi Valley ground lease, under a lease controlled by Enron Wind Development Corp., a subsidiary of Enron Corp. (NYSE:ENE). The decision was based in large part due to the very volatile developments and uncertainty surrounding Enron Corp. Based on press reports in the past 10 trading days since UniPrime announced the LOI, Enron has lost over $1 billion of its market capitalization and is facing SEC investigation for reported improprieties. Enron's senior debt has this week been downgraded by Moody's to just above junk status, and as a result, Enron's common stock is now trading at pre-1994 levels.