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CHICAGO, Feb. 05, 2019 (GLOBE NEWSWIRE) -- United American Health Corporation (OTC: UAHC), an emerging technology holding company, today announced the establishment of a wholly-owned subsidiary American Sustainable Rubber Company, LLC, (“American Sustainable Rubber”) (“ASR”)(“Company”), an indoor agriculture technology company focused on creating a domestic solution to natural rubber production. The company hopes to utilize proprietary technology in order to produce the first ever sustainable natural rubber supply chain in the United States at a commercial level through a genetically modified rubber source.
At the core of its mission, American Sustainable Rubber seeks to create a United States-based commercialized supply chain of natural rubber, where the US currently accounts for less than one percent of global natural rubber sales. The U.S. imported $2 billion in natural rubber in 2017, amounting to 11.4 percent of the world total and making the country the second largest importer in the world. Currently, 86 percent of global natural rubber sales are coming from Thailand, Indonesia, Malaysia, India, Vietnam and China. American Sustainable Rubber plans to address this large market opportunity and serve as a domestic natural rubber source for the U.S.
“It is our goal to provide the U.S. with a domestic source of natural rubber while eliminating the risks associated with a lack of variety in supplier location, reducing environmental harms and often unsafe and inconsistent work environments found in the rubber industry.” said John Fife, CEO of United American Health Corporation, parent company of American Sustainable Rubber. “Through our research and eventual production capacity of natural rubber, we hope to create a positive impact not only on the environment but on the United States economy as whole.”
In addition to the market opportunity for the US economy, American Sustainable Rubber was created to bring new jobs to the United States and decrease the country’s reliance on foreign imports. The company will use a proprietary approach to produce a natural rubber source that can be grown and harvested at a commercial scale. American Sustainable Rubber will also focus on developing and maintaining sustainable indoor growing conditions that protect from negative environmental factors and provide safe and fair working environments in the U.S. The company anticipates that their sustainable commercial scale operations will be powered by renewable energy with the goal of net zero carbon emissions, which have a positive impact on Earth’s atmosphere as well.
For more information on the new, wholly-owned subsidiary, please visit AmericanRubber.com where videos and an investor presentation can be found. Additionally, interested parties can subscribe for updates and more information.
About United American Healthcare Corporation
United American Healthcare Corporation (“UAHC”), through its subsidiary UAHC Ventures, LLC, pursues strategic investment opportunities in various emerging growth industries. UAHC subsidiary Pulse Systems, LLC, is a contract manufacturing company that provides services to the medical device industry and American Sustainable Rubber (“ASR”) is a genetic plant technology company focused on creating a domestic solution to natural rubber production.
About American Sustainable Rubber Company, LLC
American Sustainable Rubber Company, LLC is an indoor agriculture firm pursuing proprietary technology to produce natural rubber in the United States at a commercial and sustainable level through a genetically modified rubber source.
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This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.