ATLANTA, GA, Feb. 07, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) announced today that the company has signed second MOU on its recently announced deal of $4 million cannabis property transaction in the State of Oklahoma. Four weeks ago, UCASU entered into a MOU to acquire a 10,000 square foot cannabis cultivation property using $3 million non-cash payment, and to invest $1 million cash to build extra 5,000 square feet of facility at the same site. The new MOU details on what UCASU...

ATLANTA, GA, Feb. 01, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) management announces that they will cut the company’s overhead by 30-40% for the year of 2023. This is projected to increase the company’s net profit by approximately $200,000 to $300,000. The company set its gross profit goal for the year of 2023 at $1 million. By the end of January, the company has sold a farmland and generated about $550,000 gross profit in cash. Therefore, it has achieved more than half of its...

ATLANTA, GA, January 25, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) management announces that the company has jump-started its plan to up-list to a major exchange, probably NASDAQ or NYSE, after it had put on hold this plan for about six months. “Twelve months ago, we kicked off our campaign for an up-listing, and we had made solid progress toward this goal, before the dramatic change of macro-economy and stock market in general made it undesirable for us to continue the process,”...

ATLANTA, GA, January 18, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) announces today that the company has closed transaction to sell one of its properties, a 72-acre farmland in the metropolitan area of Dallas, Texas, at the final price of $1.91 million. The sale is a cash deal. UC Asset acquired the land in October 2016 for approximately $800,000. It sold the property to a local company at $1.30 million in 2020, only to buy it back one year later, in the spring of 2022, at...

ATLANTA, GA, January 17, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) announced last week that the company entered a MOU to acquire a 10,000 square foot cannabis cultivation property in the State of Oklahoma, through a non-cash acquisition deal. Upon closing of the acquisition, UCASU will invest $1 million to build extra 5,000 square feet of cannabis cultivation facility at the same site. After acquisition, the current operator on the property, Fire Ranch Farm, will continue to...

ATLANTA, GA, January 12, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) announces today that the company has entered a MOU to acquire a 10,000 square foot cannabis cultivation property in the State of Oklahoma, through a non-cash acquisition and investment deal. Upon closing, UCASU will invest $1 million to build extra 5,000 square feet of cannabis cultivation facility on the same spot. The current operator on the property, Fire Ranch Farm, will continue to rent the property from UC...

ATLANTA, GA, January 09, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) management announces that the company aims to achieve over $1 million gross profit from its operation in the year of 2023, representing a 100% growth from its highest gross profit in previous years. UC Asset had been operationally profitable in previous years, and it had managed to maintain steady growth of gross profit. According to its filings, the company reported gross profit of about $491,000 for the fiscal year...

ATLANTA, GA, December 14, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) confirms today that it has received a building permit from the City of Atlanta to renovate the Rufus Rose House, a historic landmark in downtown Atlanta. “This is the first time in the past two decades that an owner of this legendary property has been able to secure a building permit,” declares Greg Bankston, managing partner of UC Asset. “The property is a national heritage of historic landmarks, and,...

ATLANTA, GA, November 07, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announces today that the company has gone under contract with a buyer for one of its properties, a 72-acre farmland in the metropolitan area of Dallas, Texas, at the final price of $2.05 million. The property is listed for $2.25 million one month ago. UC Asset acquired the land in October 2016 for approximately $800,000. To this moment, the total cost of UC Asset on this property is $1.35 million. This means that US...

ATLANTA, GA, October 25, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) releases a projection today, stating that the company may pocket $600,000 to $800,000 gross profit from two deals, in the second half of this year. “Earlier this month, we announced the listing of our 72-acre land in the metropolitan area of Dallas, Texas. We also reached into an MOU with a buyer on another property we owned in downtown Atlanta, Georgia. Last week, we made breakthrough on both deals, and it appears...

ATLANTA, GA, October 12, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announces that with a few exceptions, the firm has completed the distribution of $0.10/share dividend to all shareholders holding UCASU common shares by December 31, 2021. “Many of our shareholders chose to receive their dividend via direct wire, while others have received their dividends by check.  With a few exceptions, including those who received dividend checks but did not deposit or cash them, we are pleased...

  ATLANTA, GA, October 7, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announced today that the company has listed for sale a piece of property, a 72-acre land in the metropolitan area of Dallas, Texas. The property is listed for $2.25 million. UC Asset acquired the land in October 2016 for approximately $800,000. In October 2020, UC Asset sold the land to Dallas local company Puration Inc. (OTC Pink: PURA) and entered into a partnership with Puration to co-develop the land into a...

  ATLANTA, GA, September 19, 2022 -- McapMediawire -- With deep regret, UC Asset LP (OTCQX: UCASU) management announces today that our friend and Chair of our Audit Committee, Harris Miller, has passed away on Thursday, September 15. Our founder Larry Wu attended his funeral service earlier today, in Mr. Miller’s hometown of Falls Church, VA. Mr. Miller is a prominent American politician, businessman, and lobbyist. Miller served as president of the Information Technology Association of...

  ATLANTA, GA, September 14, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) today debunks a claim that the company is selling the historic landmark Rufus Rose House. The company affirms that it is renovating the property into a dual role building similar to the Empire State Building, and any sources indicating otherwise are erroneous.   “If you google Rufus Rose House today, you may be led to the webpage of a nonprofit, HistoricAtlanta.org, on which the property is presented as...

  ATLANTA, GA, September 06, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announced today that the company has renewed its partnership with Puration Inc. (OTC Pink: PURA) with regard to the development of 72-acre land in the metropolitan area of Dallas, Texas. The new partnership is formed with intention to increase near-term cash income for both UC Asset and Puration. UC Asset sold the land to Puration about 2 years ago, and later entered into an LOI with Puration to co-develop...

  ATLANTA, GA, September 01, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announced today that the company has entered an exclusive partnership to develop properties specifically designed to be operated as “short rentals”, most likely via online platforms such as Airbnb (NASDAQ: ABNB) and Vrbo. The first project aims to develop 10 to 50 such units, for a total value up to $50 million. The new project will be pursued under an exclusive partnership between UC Asset and a renowned...

  ATLANTA, GA, July 29, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announces today that the company will adjust its business strategy for the next 12 months, focusing on cash income and profit growth, instead of capital formation. UC Asset announced that it was seeking for an up-list to NYSE American or NASDAQ Small Cap, combined with a secondary public offering of approximately $10-30 million. The company confirms today that it is no longer the primary business goal for the next...