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UNQT NEWS!!! Union Equity Appoints President for Subsidiary Preferred Properties Real Estate Inc.

2005-08-15 08:37 ET - News Release

PALM BEACH, Fla. -- (Business Wire) -- Aug. 15, 2005
Company Website: http://www.UNQT.com

Union Equity, Inc. (Pink Sheets:UNQT) management has
appointed Ms. Cyndi Lindenberger as president of Preferred Properties
Real Estate, Inc., its subsidiary that is currently applying for
correspondent lender status.
Correspondent mortgage lenders are authorized to originate and
broker residential and commercial mortgage loans and collect a
commission in the process.
Ms. Lindenberger possesses more than 20 years of experience in
residential mortgage loan origination, processing, underwriting and
real estate speculation.
Upon issuance of the correspondent lender license, PPRE will
affiliate with a wide variety of wholesale lenders in order to
accommodate conforming or "A" borrowers to those borrowers who fall
outside of the requirements of traditional loan programs, otherwise
known as "B-C" borrowers. Ms. Lindenberger is highly motivated and
experienced in completing no doc, low doc and stated loans for
clients.
In addition to fulfilling her responsibilities as president of
PPRE, Ms. Lindenberger will act as Senior Underwriter for Union Equity
Inc., analyzing files for loans Union Equity funds directly.
PPRE will offer loans to the general public but will also act as a
support vehicle for Home Sales Express, a Union Equity subsidiary
specializing in the For-Sale-By-Owner (FSBO) market.
Home Sales Express, Inc. is a comprehensive resource for
homeowners who want to participate as buyers or sellers in the
For-Sale-By-Owner (FSBO) market. Through its website
http://www.KingOffer.com, Home Sales Express is designed to attract
owners of distressed properties that are not yet listed on the open
market for purchase consideration by the company. The site can also
accommodate owners of conforming properties who want to sell directly
without the assistance of a real estate agent.
Upon approval and filing of a Uniform Franchise Offering Circular
(UFOC), as applicable and where required by law, Home Sales Express,
Inc. will provide franchisees with brand name recognition, a
ready-made website and comprehensive marketing support and access to
financing through PPRE.
The company is currently accepting inquiries on their website
http://www.KingOffer.com.
Interested parties should contact the company immediately.
Shareholders and other interested parties who have not done so
already are encouraged to sign up for Union Equity's electronic
newsletters at http://www.UNQT.com and the latest real estate news at
http://www.KingOffer.com.

About Union Equity

Union Equity is a national real estate development and holding
company. The company operates independently and through its
wholly-owned subsidiaries Eden Development Group and Home Sales
Express and plans to grow aggressively over the next two to three
years through acquisitions, mergers, internal growth and the
development of a dynamic internet presence.

About the Industry

Florida ranked fifth nationally in housing appreciation in 2004
and is the nation's ninth most expensive housing market. Las Vegas has
been the fastest-growing city in the United States for nearly 20 years
and is one of the top housing markets in the country. Home prices in
Las Vegas increased by nearly 50 percent in the past year.

Forward-Looking Statements

This release contains forward-looking statements within the
meaning of the Securities Exchange Act of 1934, which represents the
Company's expectations or beliefs concerning, among other things,
future operating results and various components thereof and the
adequacy of future operations to provide sufficient liquidity. The
Company cautions that such matters necessarily involve significant
risks and uncertainties that could cause actual operating results and
liquidity needs to differ materially from such statements, including,
without limitation: (i) increased competition, (ii) fluctuations in
price, demand and supply of real estate markets and (iii) risks
associated with high capital long term investments. In addition, any
forecasts made by the company, whether short-term or long-term,
regarding future profitability are based on hypothetical business
models and do not constitute a guarantee of profitability. Investors
are highly advised to seek professional advice and conduct a complete
due diligence regarding this, or any other company being considered
for investment purposes. Investing in securities, particularly in
issues priced at less than $1 per share, involves substantial risk and
may result in a partial or complete loss of investment capital.
Investors who initiate such an investment strategy should possess the
financial net worth to withstand such a loss. Union Equity, Inc., its
subsidiaries, officers and employees cannot guarantee the completeness
or accuracy of the information contained in company press releases.
Press releases issued by the company should not be interpreted as an
offer to sell or a solicitation to buy company stock.

Further information on the company can be found on their website;
http://www.UNQT.com.

Contacts:

Union Equity, Inc., Palm Beach
Rosalie Farnsworth, 800-916-3457
Fax: [phone]
[e-mail]