Entrex Carbon Market’s first COPRe transaction provides for an exchange of 1031
Entrex Carbon Market is pleased to announce that a Letter of Intent has been executed to treat the first COPRe real estate property as a 1031 exchange for investors.
Universal Solar Technology (OTCMKTS: UNSS)
– Stephen H. Watkins
BOCA RATON, FLORIDA, USA, October 5, 2021 /EINPresswire.com/ – Entrex (OTC: UNSS) is pleased to announce that a Letter of Intent has been executed to complete the first COPRe transaction (pronounced “copper ») To be managed as a 1031 stock exchange for real estate investors.
“This appears to be the first in a series of Carbon Offset Production Real Estate (COPRe) properties that can be managed for investors as an IRC section 1031 tax-deferred exchange,” said Stephen H. Watkins, CEO Entrex Carbon Market, a majority-owned subsidiary. Entrex.
“We have collected over 100 million COPRe properties that investors suddenly see as a revenue stream from carbon offsets through structured carbon offsets rights agreements on properties,” said Thomas Harblin, Entrex Carbon Market partner. .
“The Entrex Carbon Market now works with some 1,031 exchanges looking to bring innovation to the sector. Whether through a COPRe REIT for an “ESG return basket” or individually for an investor’s 1031 needs, the COPRe product helps investors seeking real estate-backed return – with an environmental benefit, ”said Paul D. Landrew, president of the UNSS.
“We believe the fourth quarter will end an exciting year for Entrex. We have three capital commitments representing 150% of our PIPE offering and plan to complete both the first COPRe and have conversations with investors who can fund an entire REIT-like structure, ”continued Watkins. . “This should lead to an exciting year – and a great launch through 2022.”
Entrex (OTC: UNSS) was founded in 2001 as a capital market system for entrepreneurial businesses. The Company implements regulatory-compliant niche capital market systems that assist the constituents of the regulated market to create, structure, place, trade, settle and manage securities of entrepreneurial companies. In collaboration with industry leaders, Entrex platforms allow investors to find, search, track, manage and trade corporate securities by geography, sector or product.
This press release includes statements about the Company’s expectations, intentions, plans and beliefs that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange. Act of 1934 and are intended to fall within the safe harbor protection provided by these sections. These statements, which involve risks and uncertainties, relate to the discussion of the Company’s business strategies and its expectations regarding future operations, margins, sales, new products and brands, potential joint ventures, potential acquisitions , expenses, profitability, liquidity and capital resources and analyzes and other information based on forecasts of future results and estimates of amounts not yet determinable. These also include statements relating to the anticipated benefits of the announced transaction between the Company and Entrex. These statements include any statement that does not relate directly to historical or current fact. You can also identify these and other forward-looking statements by using words such as “may”, “will”, “should”, “expects”, “intends”, “plans”, “anticipates”, “Believes”, “thinks”, “believes”, “research”, “predicts”, “could”, “could”, “projects”, “potential” and other similar terms and expressions, including references to hypotheses.
These forward-looking statements are based on expectations and beliefs regarding future events affecting the Company and are subject to uncertainties, risks and factors relating to its operations and its business environment, all of which are difficult to predict and many of which are outside its control, which could cause its actual results to differ materially from those expressed or implied by these forward-looking statements. These risks include the ability of the joint venture to carry out its business plan, the possibility that the company’s interest in the joint venture will be diluted as a result of capital increases by the joint venture, the possibility that Enterx may have the right to repurchase previously contributed assets for nominal consideration, the Company’s ability to develop and commercialize new technologies, the Company’s loss history and additional loss forecasts, its ability to extend its operations to technologies blockchain, its ability to develop or acquire new brands, the success of its marketing activities, the effect of competition in its industry, and general economic and political conditions, including the current economic environment and markets. Further information on these and other factors is described in the reports the Company files with the Securities and Exchange Commission, including, but not limited to, the discussions contained under the heading “Risk Factors”. When reviewing these forward-looking statements, you should keep in mind the cautionary statements contained in this press release and the reports that the company files with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and the Company cannot predict these events or how they may affect it. The Company assumes no obligation to update any forward-looking statements after the date of this press release as a result of new information, future events or developments, except as required by federal securities laws.
For more information:
Stephen H. Watkins
Entrex Carbon Market
(561) 465-7580 (1-877-4Entrex)
Entrex Holding Company
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