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RGLG UHF Logistics Group Inc (PK)

0.06
0.025 (71.43%)
11 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
UHF Logistics Group Inc (PK) USOTC:RGLG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.025 71.43% 0.06 0.0172 0.097 0.0954 0.03115 0.0348 110,799 21:02:27

Regal Group Launches New Corporate Website

22/09/2010 2:00pm

Marketwired


UHF Logistics (PK) (USOTC:RGLG)
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Regal Group, Inc. ("Regal" or the "Company") (OTCBB: RGLG) announced today that it has launched its website and posted the September 2010 corporate slide presentation "UHF Logistics -- Vertically Integrated RFID Solutions Provider" at www.uhflogistics.com to provide the investing public with detailed, up-to-date information on its business activities and core assets.

In August 2010, the Company formally closed upon its Share Exchange Agreement with UHF Logistics Ltd ("UHF"), a Hong Kong-incorporated company whose operating subsidiaries are leading developers of RFID (Radio Frequency Identification) solutions for supply chain applications, parkade management, the pig breeding industry, anti-theft and secured access applications in China. With this acquisition finalized, Regal is increasing its efforts to ensure that financial markets reflect the full value of the Company's assets.

"We have made tremendous strides over the past 12 months to realize upon our business plan to engage in the business of acquiring sector-agnostic but attractive private companies operating in China as we believe that equity investments in China present one of the most attractive global investment opportunities available in the coming four to seven years; culminating in our recent acquisition of UHF Logistics," said Regal's President Mr. Parrish Medley. "Now we have to make sure that the investment and financial community appreciates where the project stands, and the value that Regal can generate from one of the world's fastest-growing technology sectors. The new Regal website presents extensive information on the RFID Industry and on UHF's value proposition in this growing space in China and is part of a broader initiative to communicate Regal's unique value to investors. Through this medium, we want to communicate and provide to the public details on UHF's focus and achievements to date on 'modernizing' applications for the RFID space, forecast by ABI research to achieve compounded annual growth of 19% from 2010 to 2014. Modernizing applications include animal ID, asset management, Real Time Location Systems, supply chain management and item-level tagging in fashion apparel and retail."

Added Mr. Medley: "China is well aware of the potential for RFID technology to improve manufacturing activities and supply chain operations. Higher profile RFID implementations that have taken place in China include China new-generation smart ID card, China Railway Automatic Train Identification System, and the recent use of embedded RFID chips in ticketing for the Shanghai 2010 World Expo. Ultrahigh-frequency RFID application in the supply chain is the largest expected potential application of RFID. As a global manufacturing center, China plays an important role in the global supply chain and recent RFID mandates imposed by international retail enterprises on their suppliers will inevitably bring increased adoption of RFID applications in Chinese factories. I believe that UHF Logistics is poised to capitalize upon these opportunities across industry sectors in the country."

Further information:

Please feel free to call Investor Communications toll-free on 1-888-367-3077 or visit our website at www.regalgroupinc.com or www.uhflogistics.com.

About Regal Group, Inc.

Regal Group, Inc. is a publicly traded company with headquarters in Phoenix, Arizona. Regal is strategically positioning itself in key industry sectors in China and recently completed the acquisition of UHF Logistics Ltd., a HK-incorporated holding company, which, through its wholly owned Chinese operating subsidiaries, is focused on the development, marketing and implementation of UHF RFID products and solutions in China since 2006. Regal trades on the NASDAQ OTC BB under the ticker symbol: RGLG.

Forward-Looking Statements & Risks

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that Regal can identify and successfully negotiate business prospects in Asia, and that the Company can successfully operate such prospects. Actual results may differ materially from those currently anticipated due to a number of factors and risks beyond the reasonable control of the Company.

In addition to the risks associated with forward-looking statements, statements in this news release are subject to additional risks, which include, among others, the corporate disclosure, governance and regulatory requirements of the Peoples' Republic of China (the "PRC"), and PRC regulations relating to, among others, cross-border mergers and acquisitions, product liability and currency exchange rates. Even though the transaction is completed, anticipated synergies or other intended benefits of the transaction may not be realized, and the prospects of the combined entity will remain subject to all the general risks associated with the RFID industry, the public securities markets and risks related to doing business in China, such as the PRC's economic, political and social environment, and matters relating to PRC taxes, repatriation of profit and currency conversion, acquisition and appropriation of land use rights, foreign investments, permits and business licenses, employment contracts, government intervention, shareholders' rights and enforcement of judgments, as well as the developing PRC legal system. The Company cautions that the foregoing list of material risks is not exhaustive.

When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Contact: Regal Group, Inc. Investor Communications Toll-Free: 1-888-367-3077 Email: ir@regalgroupinc.com www.regalgroupinc.com

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