United Capital Corp Press Releases & News Articles
For media inquiries:
United Capital Corp. • Anthony J. Miceli •516-466-6464 • Chief Financial Officer
United Capital Corp. (OTC Pink: UCAP) announced today that it has acquired the castle-like Radisson Hotel Nashua in Nashua, New Hampshire. [full story]
United Capital Corp. (OTC Pink: UCAP) announced today the final results of its tender offer to purchase up to 3,600,000 shares of its common stock at a price of $30 per share (net to the seller in cash, without interest), which expired at 5:00 p.m., New York City time, on July 25, 2011. [full story]
United Capital Corp. (NYSE Amex: AFP) announced today that its common stock will cease trading on the NYSE Amex and transition to the OTC Pink tier, operated by OTC Markets Group, effective with the opening of business on Thursday, July 28, 2011. The Company's new symbol for trading on the OTC Pink tier will be UCAP. [full story]
United Capital Corp. (NYSE Amex: AFP) announced today the preliminary results of its tender offer to purchase up to 3,600,000 shares of its common stock at a price of $30 per share (net to the seller in cash, without interest), which expired at 5:00 p.m., New York City time, on July 25, 2011. [full story]
United Capital Corp. (NYSE Amex: AFP) today announced that its Board of Directors has approved the voluntarily delisting of its common stock from the NYSE Amex, and the voluntarily deregistration of its common stock under the Securities Exchange Act of 1934, as amended (the "Exchange Act") and will cease filing reports with the Securities and Exchange Commission (the "SEC"). [full story]
United Capital Corp. (NYSE Amex: AFP) today announced the purchase of a senior mortgage loan and mezzanine note from an affiliate of Fortress Investment Group encumbering the Radisson Hotel Nashua in Nashua, New Hampshire. The notes have combined outstanding obligations in excess of $22 million and are secured by this 7-story, 326 room full-service hotel and spa located on almost 17 acres in suburban New Hampshire. [full story]
United Capital Corp. (NYSE Amex: AFP) today reported results for the first quarter of 2011. Net income rose 215% to $9.8 million, an increase of $6.7 million, from net income of $3.1 million reported in the first three months of 2010. On a per share basis, net income was $1.10 per basic share versus $.34 in the comparable prior year
period.[full story]
United Capital Corp. (NYSE Amex: AFP) today reported results for the fourth quarter and year ended December 31, 2010. Net income increased 124% for the year ended December 31, 2010 to $12.7 million, or $1.41 per basic share, versus net income of $5.7 million, or $.63 per basic share, for the full year of 2009.[full story]
United Capital Corp. (NYSE Amex: AFP) today reported results for the three and nine months ended September 30, 2010. Net income increased 159% to $10.2 million for the nine months ended September 30, 2010, versus the comparable 2009 period. Earnings per basic share were $1.13 for the year-to-date period, compared to $.44 in the same period in 2009. [full story]
United Capital Corp. (NYSE Amex: AFP) today announced the purchase of a mortgage note encumbering the Ocean Place Resort & Spa and Conference Center, in Long Branch, New Jersey. [full story]
United Capital Corp. (NYSE Amex: AFP) today reported that it has taken a 9.9% interest in PNBK Holdings LLC which recently completed a $50 million investment in Patriot National Bancorp, Inc. ("Patriot") acquiring 33.6 million shares or approximately 88% of its outstanding stock. [full story]
United Capital Corp. (NYSE Amex: AFP) today reported that it has taken title to the 61,000 square foot Bentley Long Island dealership located at 115 South Service Road in Jericho, New York. The Company successfully negotiated a deed-in-lieu to this newly renovated, state-of-the-art showroom and service center which is conveniently located on four acres just off the Long Island Expressway. [full story]
United Capital Corp. (NYSE Amex: AFP) today reported results for the three and six months ended June 30, 2010. Net income increased 186% in the three months ended June 30, 2010 versus the same period last year. For the current quarter, net income was $3.5 million or $.39 per basic share versus $1.2 million or $.14 per basic share for the same period in 2009. [full story]
United Capital Corp. (NYSE Amex: AFP) today reported results for the first quarter of 2010 which include a 179% increase in net income to $3.1 million or $.34 per basic share, compared to net income of $1.1 million or $.13 per basic share for the comparable quarter of 2009. [full story]
United Capital Corp. (NYSE Amex: AFP) today reported results for the fourth quarter and year ended December 31, 2009. Total revenues for the fourth quarter of 2009 increased 9.3% to $17.9 million, compared to $16.4 million for the corresponding quarter of 2008. [full story]
United Capital Corp. (NYSE Amex: AFP) announces the acquisition of a 116,000 square foot industrial building located at 27 Englehard Drive, Cranbury, New Jersey. The property is net leased to TW Metals, Inc., a subsidiary of O'Neil Steel, Inc., and conveniently located just off Exit 8A of the New Jersey Turnpike. [full story]
United Capital Corp. (NYSE Amex: AFP) today reported results for the third quarter and nine months ended September 30, 2009. Total revenues were $14.7 million for the quarter ended September 30, 2009, generating operating income of $1.7 million.[full story]
New York based United Capital Corp. announced that industry veteran Anthony Ferrara has been named General Manager for their recently purchased Doubletree Miami Mart Airport Hotel and Exhibition Center. [full story]
New York based United Capital Corp. has announced that the Doubletree Miami Mart Airport Hotel and Exhibition Center has already started a major renovation program, following the property's acquisition by the firm over the summer. [full story]
United Capital Corp. (NYSE Amex: AFP) today reported results for the second quarter and six months ended June 30, 2009 (see Table attached).Total revenues for the three months ended June 30, 2009 were $13.7 million, down $5.3 million from the comparable quarter of 2008, reflecting the impact the weakened economy has had on United Capital's engineered products and hotel operations segments. [full story]
United Capital Corp. (NYSE Amex: AFP) today announced the purchase of a mortgage note encumbering the DoubleTree Miami Mart Hotel and Convention Center in Miami, Florida. [full story]
United Capital Corp. (NYSE AMEX:AFP) today announced the purchase of a $13.4 million mortgage note encumbering the property which houses the Bentley Lamborghini Dealership of Long Island from Bank of America. [full story]
United Capital Corp. (NYSE AMEX:AFP) today reported results for the quarter ended March 31, 2009. Total revenues for the current quarter were $13.8 million, a decline of $4.9 million, compared to $18.7 million in the first quarter of 2008. [full story]
United Capital Corp. (NYSE Alternext: AFP) today reported results for the fourth quarter and year ended December 31, 2008. Total revenues for the year ended December 31, 2008 were $72.9 million, generating operating income of $9.6 million. [full story]
United Capital Corp. (AMEX: AFP) today reported results for the three and nine months ended September 30, 2008. Total revenues were $18.5 million for the quarter ended September 30, 2008, generating operating income of $2.6 million. [full story]
United Capital Corp. (AMEX:AFP) today reported results for the three and six months ended June 30, 2008. Total revenues increased 9% for the quarter ended June 30, 2008 to $19.2 million from $17.6 million for the corresponding quarter of 2007. [full story]
Great Neck, New York, July 24, 2008 — United Capital Corp. (AMEX: AFP announced that the special committee of its Board of Directors formed for the purpose of evaluating an acquisition proposal recently received from A.F. Petrocelli, Chairman, President and CEO, of the Company, proposing to acquire the Company's outstanding common stock, has received notice from Mr. Petrocelli that the offer has been withdrawn due to market conditions . . . [full story]
Great Neck, New York, July 11, 2008 — United Capital Corp. (AMEX: AFP) announced that its Board of Directors has today received a letter from A.F. Petrocelli, Chairman, President and CEO, proposing to acquire all of the Company's outstanding common stock at a cash purchase price of $23.00 per share, representing a 17.7% premium over the average closing price . . . [full story]
United Capital Corp. (AMEX:AFP) today reported results for the quarter ended March 31, 2008. Total revenues for the current quarter increased 11% to $18.7 million, compared to $16.8 million in the first quarter of 2007. [full story]
United Capital Corp. (AMEX:AFP) today reported results for the fourth quarter and year ended December 31, 2007. Total revenues for the fourth quarter increased 16% to $18.3 million, compared to $15.8 million in the comparable quarter of 2006. [full story]
United Capital Corp. (AMEX:AFP) today reported results for the three and nine months ended September 30, 2007. Total revenues increased 17% for the quarter ended September 30, 2007 to $19.2 million from $16.4 million . . . [full story]
GREAT NECK, New York, August 13, 2007… United Capital Corp. (AMEX:AFP) today reported results for the second quarter and six months ended June 30, 2007. Income from continuing operations for the three and six months ended . . . [full story]
GREAT NECK, New York, May 17, 2007… United Capital Corp. (AMEX: AFP) announced today that it has acquired the 162-room Radisson Hotel-Utica Centre in Utica, New York. The hotel will be managed by AFP Management Corp., . . . [full story]
GREAT NECK, New York, May 14, 2007… United Capital Corp. (AMEX:AFP) today reported a 263% increase in net income for the first quarter of 2007 resulting in net income of $7.6 million or $.92 per basic share, compared to . . . [full story]
GREAT NECK, New York, February 20, 2007… United Capital Corp. (AMEX:AFP) today reported results for the fourth quarter and year ended December 31, 2006. Net income increased 68% to $4.6 million or $.56 per basic share . . . [full story]
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