ORLANDO, Fla., Dec. 21, 2009 (GLOBE NEWSWIRE) -- UNR Holdings, Inc. (OTCBB:UNRH) announced today that the Company has seen an increase of more than 100% in the sale of units since September of 2009 as compared to the first six months of 2009. In September alone, UNR Holdings has reported 27 new contracts on units in the Nemchinovka development. This development is located in the suburbs of Moscow, less than one mile from the Moscow Beltway. The total area of construction is 2,100,674 sq feet, with a total living area of 1,323,157 sq feet.
Alexei Kim, CEO of UNR Holdings, stated, "This increase in sales provides a stark contrast to the first half of the year and is more in line with the potential growth UNR could expect to see going forward."
About UNR Holdings, Inc.:
UNR Holdings is a diverse construction company with more than 40 years of success serving the Russian construction market. The Company operates primarily in Moscow and the Moscow area and designs/builds residential apartment complexes, and other commercial structures, and provides infrastructure construction services, in particular a road base product for road construction. UNR Holdings serves Government infrastructure projects for oil and gas corporations, such as GAZPROM and TRANSNEFT, and is one of the oldest and most stable companies located and operating in Moscow and the Moscow area, Russian Federation.
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