U.S. National Telecom, Inc. (USNL: OTC Link) | US National Telecom annouces wholly owned subsidiary

US National Telecom annouces wholly owned subsidiary

Jan 13, 2012

OTC Disclosure News Service

Miami, FL –

US National Telecom announces wholly owned subsidiary.

Miami, Florida – January 13, 2012 – US National Telecom, Inc. (OTC: USNL.PK), announces formation of wholly owned subsidiary.

US National Telecom Inc. has established a wholly owned subsidiary. The name of the subsidiary is Florida Bay Investments, Inc. A Florida based corporation that will be used to acquire distressed real estate in the Florida market. The Company has identified multiple properties in which it targets to acquire through its network of real estate professionals in Florida.

Florida Bay Investments, Inc. plans to invest in cash flow properties in multiple real estate markets throughout Florida. The markets that have been targeted include Gainesville, Tampa, St. Petersburg, Orlando, and Jacksonville, Florida. Further acquisitions in Miami, Ft. Lauderdale, and Palm Beach, Florida are also being considered in the due diligence currently underway.

CEO Rebecca Guthrie stated, “We are actively looking each week for new investment prospects; some major banks of late have recommenced their intention to speed up foreclosure proceedings. Many of these properties have been in default for over two years. These banks want these homes and condos off their balance sheets ASAP”.

US National Telecom is a Florida based company. It is a development stage company looking to acquire real estate interests that offer positive cash flow returns. It has a website:  www.usnationaltelecominc.com

For further information please contact Rebecca Guthrie at 786 202 1023 or email info@usnationaltelecominc.com

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/USNL/news?id=41185

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