ORLANDO, Fla., Aug. 9, 2010 (GLOBE NEWSWIRE) -- UNR Holdings, Inc. (OTCBB:UNRH) ("UNR" or the "Company"), a housing and commercial construction company which also provides infrastructure construction services for government oil and gas projects in Russia, announced today that it has retained RedChip Companies, Inc. to lead its public and investor relations programs.
"Our decision to choose RedChip Companies to head our investor relations program was based on their proven record of professionalism and their history of success in increasing investor awareness and visibility for emerging growth companies," said Mr. Serguei Melnik, Vice President and Director of U.S. Operations for UNR Holdings. "We are certain that RedChip's impressive media presence and investor and public relations platform will increase our visibility and help us both maintain lasting relationships with our current shareholders and attract new investors."
"We are pleased to have the opportunity to represent UNR Holdings," said Dave Gentry, President and CEO of RedChip Companies, Inc. "UNR is one of the oldest and most respected companies in the Russian construction industry and has a long history of profitability. The real estate market in Russia has begun to recover from the global credit crisis, and as a prime developer in the Moscow area, UNR is poised to capitalize on the market's growth in the near future. We look forward to implementing our comprehensive investor and public relations program and introducing UNR Holdings to our vast network of investors."
About UNR Holdings, Inc.
UNR Holdings is a holding company that has a 68% ownership in its subsidiary, 494 UNR. 494 UNR is a diverse construction company with more than 40 years of success serving the Russian construction market. The Company specializes in general and infrastructure construction services, such as designing and building multi-story apartment buildings for middle and upper middle class families, office buildings, highways, bridges, and production of a road base infrastructure construction product. While UNRH is involved in complex construction projects, the Company also assists the Russian government with infrastructure projects for oil and gas corporations, such as GAZPROM and TRANSNEFT. 494 UNR is one of the oldest and most established construction companies located and operating in Moscow and the Moscow area of the Russian Federation.
More detailed information on the housing projects is available at the UNR Holdings corporate website: http://www.unrhs.com.
The UNR Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2777
Forward-looking statements
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.