U C, Inc., SMMR, Appoints New Board Member and CEO

Rhea-AI Summary

U C, Inc. (OTC: SMMR) appointed David Reckles as its new CEO and Board member effective Feb. 14, 2022. Reckles brings over 20 years of experience in corporate America, including leadership roles at major companies like American Airlines and Pfizer, focusing on IT innovation and automation. Former CEO Donna Rayburn transitions to Chairperson of the Board. Additionally, the company has requested a name change and new trading symbol from FINRA, with further announcements pending approval.

Positive

• Appointment of David Reckles as CEO expected to bring new leadership and industry experience.
• Reckles' extensive background in technology could enhance operational efficiency and innovation.

Negative

• Transition from a solo CEO to a new leader may raise concerns about continuity.
• Potential uncertainty during the name change and rebranding process could affect investor confidence.

LONGWOOD, Fla., Feb. 21, 2022 (GLOBE NEWSWIRE) -- U C, Inc., formerly named Symmetry Technologies, Inc. (OTC: SMMR), (the "Company"), announced today that, effective Feb. 14, 2022, it has appointed David Reckles as a new member to its Board of Directors, its Chief Executive Officer ("CEO") and corporate Treasurer.

During the past three years, Mr. Reckles has been active in the private label hemp and CBD manufacturing industries. Previously, he spent 20+ years in corporate America as a Chief Technologist and CTO for companies such as American Airlines, AT Kearney, BP, Dell, Dow, EDS, Gap, Pfizer, and United Airlines. He additionally served HP/EDS as an Enterprise Architect and Chief Technologist for many client and company initiatives, with particular emphasis on Information Technology Innovation, automation, configuration management, and mobile technologies.

Donna Rayburn, who has been the CEO and Sole Director of the Company, will assume the role of Chairperson of the Board of Directors of the Company, but will no longer be an officer of the Company.

Separately, the Company is also announcing that it has filed a request with the Financial Regulatory Authority ("FINRA") for an immediate name change and change in trading symbol. Once approved, the Company will issue an announcement on the date of change implementations.

About U C, Inc. U C, Inc. is a publicly-traded company on the OTC Market, under the symbol "SMMR". It was founded as a Nevada corporation in 2001 under the name "Symmetry Technologies, Inc." Today, the Company is a holding company pursuing a business plan of the acquisition over time of majority interest in several companies, each having revenues in excess of $1,000,000, positive EBITDA (earnings before interest, taxes, depreciation and amortization) and positive cash flow.

Safe Harbor: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

U C, Inc.
Phone: 954-715-5020

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FAQ

What is the significance of David Reckles' appointment as CEO of U C, Inc.?

David Reckles' appointment as CEO is significant due to his extensive experience in technology and corporate leadership, which may bring fresh strategic insights to U C, Inc.

When did the management change at U C, Inc. take place?

The management change at U C, Inc. took place on February 14, 2022, when David Reckles was appointed as the new CEO.

What changes are being made to U C, Inc.'s name and trading symbol?

U C, Inc. has filed a request with FINRA for a name change and new trading symbol, with further details to be announced once approved.

What is the background of the new CEO of U C, Inc.?

David Reckles has over 20 years of experience in corporate roles, including significant positions in technology and management at major firms like American Airlines and Pfizer.