KIEV, Ukraine, Sept. 15, 2005 (PRIMEZONE) -- UA International Group (Pink Sheets:UAIG), a Ukrainian infrastructure, water delivery and maintenance and real estate development company, today announced that it has successfully completed the installation of water pumps, delivery systems and air conditioning units and systems in the complexes of the newly constructed five star Diplomat Hall Hotel in Kiev City Central.
Vitaly Zhygun, President of UA International Group, Ltd. commented, "We are very happy to have completed this contract on time and the systems have been successfully tested and are now in operation. UAIG will receive the initial income from the contract in the fourth quarter and they will be posted at year end. These systems will provide ongoing revenues from service, maintenance and periodic upgrades. UAIG worked on this contract with the Ukraine company Trane and will be working with Trane on additional projects in the future."
UA International Group, Ltd., www.uaig.com.ua, specializes in the construction, delivery and maintenance of water delivery systems, artesian water supply, system maintenance, technology and real estate development throughout Ukraine. UAIG is the prime company in its sector in Ukraine.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. In particular, information in this release relates to the terms of a merger transaction which is contingent on shareholder approval and the effectiveness of a registration statement on Form S-4 to be filed with the SEC.