Unity Management Group, (PINK:UYMG), is rapidly on course to profitability and transparency. On August 19th they posted their attorney letter on pinksheets which should be the last step to their upgrade to current status on pinksheets. Unity Management started out the year with major changes and is virtually a brand new company with a focus on the healthcare industry. They currently have three subsidiary companies: United Healthcare Solutions Inc., Unity Technologies Inc., and United Business Services Inc. that they hope to be generating reveneue as indicated from their updated financial report posted August 2nd 2010 "our goal is to grow this revenue stream to $4,000,000, with the first six months of operating and to $6,000,000 by December 31, 2010."Also of note is its pending acquisition of MCC Legacy: Click Here for Press Release, a healthcare company located in New Jersey. "MCC is the leader in instrumentation, data acquisition systems, high-speed production tablet press replication and tablet press control systems for the pharmaceutical industry, having earned its reputation for technical excellence, quality service and client satisfaction. It was established in 1985 to serve companies that required outside help in technical programming. In 1986, Warner-Lambert commissioned MCC to create the first PC-based Tablet Press monitor in history. Today, MCC is an industry recognized expert in precision instrumentation, specializing in solid dosage form equipment." This acquisition should be completed by early next week at the latest. MCC Legacy has revenue of about 2,000,000/year and operates in the black.
As pertaining to their share structure, Unity has been purchasing back its shares and retiring shares over the last couple of months. On June 21st, they retired 25 million outstanding shares and 100 million authorized shares. On July 31st, they announced "Unity Management Group Inc. today announced that its Board of Directors has authorized a purchase of up to 2,000,000 shares of its issued and outstanding common stock as part of a stock buyback program". Following that was an announcement on July 26th that one million shares have already been purchased.
As of July 3rd, their share structure consisted of the following (of which a few shares have been purchased back by the company)
Total Outstanding shares in 107 certificates: 227,036,620
Total Restricted Shares in 48 certificates: 183,597,160
Total Non Restricted shares in 59 certificates: 43,439,460
In summary, I believe this to be a legitimate company that is growing quickly, making money, becoming more transparent and is currently "under the radar" as pertaining to investors. I am holding a long position in UYMG.PK and will maintain that position for some time. I believe they have a lot more going on than PR's indicate, and we'll be hearing more about them soon.
We highly recommended to do your own research and have a much closer look at Unity Management Group. The afore-mentioned information may all be obtained via its respective links or through http://www.otcmarkets.com/stock/UYMG/financials, http://www.unitymanagementgroup.com/ and the upcoming wholly-owned subsidiary MCC Legacy via http://www.mcc-online.com/.
Disclosure: Stephen Ramey has long position
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