UCASU will donate up to fifty thousand dollars to #stopasianhate

Rhea-AI Summary

UC Asset LP (OTCQX: UCASU) announced a commitment to donate up to $50,000 to nonprofits aimed at combating anti-Asian violence following a tragic mass shooting in Atlanta. The funding will be distributed over the next 36 months, pending shareholder approval. The company also aims to engage in a Public-Private Partnership to establish a community center for Asian Americans in Atlanta. UC Asset emphasizes unity and community growth, aligning its investment strategy with support for minority communities.

Positive

• Commitment to donate up to $50,000 to combat anti-Asian violence.
• Focus on community engagement and support for minority communities.
• Planned Public-Private Partnership to create a community center in Atlanta.

Negative

• None.

ATLANTA, March 22, 2021 /PRNewswire/ -- UC Asset LP (OTCQX: UCASU) announced the company will donate up to $50,000 to nonprofits working to eradicate the backlash against Asian Americans and stop anti-Asian violence. The announcement came after a mass-shooting in Atlanta killed eight victims, including six Asian women, amid a nationwide rising of anti-Asian violence.

"UC Asset is committed to unity and solidarity across all communities, regardless of race, gender, religion and sex-orientation. " Says Christal Jordan, director of business development at UC Asset. "As our name "united community" suggests, our goal is to utilize real estate investment to promote community growth. A crime against any member of our community is a crime against all of us. We know this is an opportunity to step up and use our resources to support our community."

According to the management, UCASU will donate a minimum of $10,000 and a maximum of $50,000 over the next 36 months to local nonprofits committed to advocating equal opportunities for minority communities, particularly Asian Americans. This plan is subject to alteration and approval by UCASU's shareholders at its next shareholder meeting.

In addition, UCASU has been in contact with a nation-level Asian American non-profit, which is headquartered in metro Atlanta, on a possible Public-Private-Partnership (PPP) to build a community center in Atlanta, as a platform for Asian Americans to better participate in community affairs in close alliance with other ethnic groups. 

"We support the idea of diversity and community participation," shares Larry Wu, founding partner, UCASU . "We believe a public-private partnership between a UCASU and a community driven nonprofit will create opportunities to serve both the community and our business interest."

About UC Asset LP

UC Asset LP is a limited partnership formed for the purpose of investing in real estate for development and redevelopment, concentrating in metropolitan areas of Atlanta, GA and Dallas, TX. For more information about UC Asset, please visit: www.ucasset.com

Disclaimer:

This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.

For More Information Contact:

Christal Jordan | Investor Relations Director, UC Asset LP
cjordan@ucasset.com | 678-499-0297

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SOURCE UC Asset LP

FAQ

What donation is UC Asset LP making to combat anti-Asian violence?

UC Asset LP is committing to donate up to $50,000 over the next 36 months to nonprofits focused on eradicating anti-Asian violence.

What is the purpose of UC Asset's planned Public-Private Partnership?

The planned Public-Private Partnership aims to establish a community center in Atlanta to enhance participation of Asian Americans in community affairs.

When will UC Asset's donation be approved?

The donation plan is subject to approval by UC Asset LP's shareholders at the next shareholder meeting.

What is the stock symbol for UC Asset LP?

The stock symbol for UC Asset LP is UCASU.