ORLANDO, FL -- (Marketwire) -- 08/03/10 -- Union Equity, Inc. (PINKSHEETS: UNQT) is pleased to announce that the Company's directors have completed the 150,000,000 share purchase of common stock.

The decision to purchase shares in the open market was based upon management's belief that the Company's common shares are substantially undervalued. These purchases have decreased the public float by reducing the number of free-trading shares, which should have a positive effect on the price per share.

"I am delighted that our directors and officers have confidence in our future and want to increase their ownership. Union Equity is committed to building value for long-term shareholders," stated Steven Woodell, President of Union Equity.

Union Equity recently announced that it has posted all of the necessary documents to move to the higher listing level known as Current Information with the OTC Markets, Inc. All shareholders may view Union Equity, Inc.'s initial company information and disclosure statement as well as other associated documents that are required to achieve Current Information status at www.pinksheets.com.

About Union Equity, Inc.

Union Equity is a commercial truck leasing business engaged in leasing class 8 commercial trucks to owner operators located around the contiguous 48 states. Many owner operators drive on a for hire basis for Fortune 500 companies, while others have their own authority to haul freight throughout the United States. Union Equity's strategy has been to target both groups of owner operators through an aggressive marketing program and complete "one stop shop" solution for the owner operator. Through their unique business model, Union Equity is able to provide owner operators with a leased truck regardless of their credit history. Owner operators need only to have a valid commercial driver's license, acceptable insurance, proof of a shipper's intent to hire, and a willingness to work.

Cautionary Language regarding Forward-Looking Statements: This release includes forward-looking statements including anticipated events, beliefs regarding the effects of the open market purchases. Forward-looking statements can also be identified by words such as "targets," "expects," "believes," "anticipates," "intends," "may," "will," "plan," "continue," "forecasts," "remains," "would," "should," and similar expressions. Forward-looking statements are based on current expectations, are not guarantees of future performance and involve assumptions, risks, and uncertainties. Actual performance and results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Risks and uncertainties include the impact of competition, the future condition of the global and capital markets, the state of the U.S. economy, and the price of fuel. Union Equity does not does not have a duty to and does not intend to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.