UC Hub Group Forms New Subsidiary, PB Brands

SAN DIEGO, Feb. 22, 2011 /PRNewswire/ -- UC Hub Group (Pink Sheets: UCHB) announced today that the company has formed a new operating subsidiary, PB Brands.  This new subsidiary will seek to acquire, operate and potentially franchise fast casual food service companies.  The goal of this subsidiary is to take advantage of the growth of the fast casual food industry that has seen significant growth over the past decade.  

Harsh Shetty, CEO of UC Hub Group, states, "Our Company is dedicated to building strong and diverse business segments that will excel in good economic times as well as in challenging environments.  Our entry into the fast casual industry fits in well with our overall diversification strategy and we will continue to seek out new opportunities in this space."

About UC Hub Group

UC Hub Group is a publicly traded company founded in 1999. Its goal is to pursue merger and acquisition opportunities that will bring value to shareholders.  Currently, UC Hub Group owns three operating divisions that are involved in the oil, gemstone, precious metal and software industries. For additional information about UC Hub Group, please visit www.uchub.com.

Forward-Looking Statements Disclosure

This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.

SOURCE UC Hub Group