UNR Holdings, Inc. Announces Appointment of MaloneBailey, LLP As Its New Auditor
NEW YORK, NY / January 17, 2014 / ACCESSWIRE / UNR Holdings, Inc. (OTC Pink: UNRH), a U.S. corporation with a 67% controlling interest in its Russian operating subsidiary, 494 UNR, a residential and commercial real estate developer and construction contractor, today announced that it has appointed MaloneBailey, LLP as its registered public accounting and audit firm.
The Sarbanes-Oxley Act requires the Public Company Accounting Oversight Board to conduct annual inspections of firms that regularly provide audit reports for more than 100 issuers. All other firms are inspected every three years. MaloneBailey, which counts more than 150 registrants as clients, including NYSE, NYSE MKT and NASDAQ listed companies, is in elite company as one of only nine firms worldwide required to undergo this annual PCAOB inspection.
UNR Holdings CEO Alexey Kim commented, "We are pleased to engage the professional services of MaloneBailey, LLP. Their global reach and expertise in multiple industries should serve us well in the years ahead. I envision an application for an exchange listing in our future, and I feel we now have the right audit firm to help us achieve that goal as expeditiously as possible."
About MaloneBailey, LLP
Based in Houston, Texas and with offices in New York, Beijing and Shenzhen, MaloneBailey is an international public accounting firm with deep knowledge and experience in the delivery of SEC audit services to small and mid-cap publicly traded companies. MaloneBailey is a member of Nexia International, a leading global network of independent accounting and consulting firms. With 590 offices in more than 100 countries, Nexia has over 20,000 personnel around the world.
About UNR Holdings, Inc.
UNR Holdings, Inc. is a U.S. corporation with a 67% controlling interest in its Russian operating subsidiary, 494 UNR, a residential and commercial real estate developer and construction contractor with many years of success serving the greater Moscow area. 494 UNR engages in general and infrastructure construction services, such as designing and building multi-story apartment buildings for middle and upper middle class families, office buildings, highways and bridges. It also produces and supplies a patented road-base and slope-stabilizing infrastructure construction material.
While 494 UNR is involved in complex construction projects, it also assists the Russian government with infrastructure projects for oil and gas corporations, such as GAZPROM and TRANSNEFT. 494 UNR is one of the most established construction contractors located and operating in the greater Moscow area, which now encompasses over 950 square miles. More detailed information about company projects is available at the UNR Holdings, Inc. corporate website: http://www.unrholdings.com/en/start.html.
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and UNR Holding’s performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. UNR Holdings, Inc. expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.
UNR Holdings, Inc.
Phone: (212) 400-7532
Source: UNR Holdings Inc.