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Union Equity, Inc. Cancels Letter of Intent With Exodus Truck Systems, Inc.

June 8, 2011 - ORLANDO, FL

Union Equity, Inc. (PINKSHEETS: UNQT) announces that its current management has terminated its Letter of Intent with Exodus Truck Systems, Inc. The Company's previous management announced on June 2, 2010 that it had entered into a non-binding Letter of Intent to purchase all of the assets of Exodus Truck Systems, Inc. Union Equity's current management is focusing on a new strategy for 2011 and will not move forward with previous management's proposed acquisition of Exodus.

"After the completion of our due diligence, we have decided not to move forward in acquiring Exodus Truck Systems, Inc.," stated Joam St. Jean, CFO of Union Equity, Inc. "We are excited for the remainder of 2011 and will continue to focus on increasing our revenues and our shareholder value."

Union Equity is currently in the heavy truck leasing and sales business. Current management will continue to focus on increasing its current inventory while focusing on its subsidiary, Union Equity Investment, Inc.

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About Union Equity, Inc.
Union Equity is a commercial truck leasing business engaged in leasing class 8 commercial trucks to owner operators located around the contiguous 48 states. Many owner operators drive on a for hire basis for Fortune 500 companies, while others have their own authority to haul freight throughout the United States. Union Equity's strategy has been to target both groups of owner operators through an aggressive marketing program and complete "one stop shop" solution for the owner operator. Through their unique business model, Union Equity is able to provide owner operators with a leased truck regardless of their credit history. Owner operators need only to have a valid commercial driver's license, acceptable insurance, proof of a shipper's intent to hire, and a willingness to work.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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