Kona Gold Beverage Inc (KGKG)

[Growth And Value]

I'll Bet Eden Development Group (Homebuilder) is profitable. If Florida is anything like Arizona (and I think it is), homes are built here for less than $100,000 and sold for more than $200,000.

PALM BEACH, Fla., April 19, 2005 (BUSINESS WIRE) “ Union Equity Inc. (Pink Sheets: UNQT) has completed it’s acquisition of Eden Development Group, a residential property developer. This acquisition will provide Union Equity with turn-key access to the residential housing market in South Florida. James T. Wadsworth Jr. will stay on as Eden Development Group’s President and will spearhead the company’s construction and renovation projects. Wadsworth has been a licensed general contractor in Florida for nearly two decades.

“Jay has longstanding relationships in place with quality subcontractors and he’s got a discerning eye for opportunity,” said Union Equity CEO Michael Anthony. “We will release news immediately as soon as we move on our initial projects together.” The company continues to seek out other acquisitions and/or mergers in the areas of land development, residential mortgage financing and construction/general contracting.

Union Equity’s objective is to become a one-stop source for the residential housing and mortgage finance consumer.