CHICAGO, March 05, 2019 (GLOBE NEWSWIRE) — United American Healthcare Corporation (OTC: UAHC), an emerging technology holding company, today announced its wholly-owned subsidiary American Sustainable Rubber Company, LLC (“ASR”), garnered media coverage in International Business Times on revolutionizing the commercialization of natural rubber production and in This Giant Beast That is the Global Economy on the world’s dependency of natural rubber.
“It is an honor for John Fife, President and CEO of UAHC, and Dr. Katrina Cornish, scientific advisor of ASR, to be featured in two prominent media outlets,” said Timothy J. Madden, President of ASR. “Our company is dedicated to addressing the issue of the country’s reliance on foreign imports for natural rubber by creating proprietary technology to produce natural rubber from the TK Rubber Dandelion at a commercial scale utilizing Controlled Environment Agriculture.”
In an article titled Rubber Cultivation An Untapped Opportunity for US Economy, published on February 22, 2019 by International Business Times, UAHC President John Fife goes into an in-depth explanation regarding the United States’ current lack of natural rubber production and dependency on foreign trade.
In the article, Fife explains “The United States exports no natural rubber, yet we imported $1.6 billion worth in 2017 alone. Natural rubber is currently being used in over 50,000 goods including medical products, tires, footwear, and sport equipment. Currently, natural rubber is harvested in Southeast Asia from the rubber tree. With the current political landscape and ever-changing global climate, the fear of a middle-age siege seems more applicable in modern society than ever before. We, as a country, are entirely dependent on foreign trade for our natural rubber supply. If our trade relationships deteriorate or the global climate shifts out of our favor, we could easily be starved out of a material vital to our everyday way of life.”
Fife goes on to explain that the rubber industry is ripe for disruption by domestic producers. ASR aims to be a leader in the natural rubber industry in the United States by creating new jobs and safe working environments, growing and harvesting natural rubber on a commercial scale, and developing and maintaining sustainable production methods to protect our supply chain from negative environmental factors.
In “The Rubber Episode” of The Giant Beast That is the Global Economy, Dr. Katrina Cornish, ASR scientific advisor, speaks on the issue regarding natural rubber production in the United States and our dependence on the material. With the current dependency on foreign natural rubber, there is a potential for the world’s natural rubber supply to be wiped out completely from diseases – having an effect not just on the US economy but on the global economy.
In this episode, Cornish explains what a world without rubber would mean and the economic consequences that would occur if that were the case. “We must not continue to rely on a clonal tree that is disease sensitive. This is a ridiculous way to run a global economy. Over the last 20 years, South American leaf blight has appeared in India and Thailand once. If the trees start getting wiped out there would be a catastrophic economic collapse. There’s no sector of a modern economy that isn’t completely dependent on the availability of natural rubber. We solve the rubber problem by increasing the biodiversity of the rubber supply and doing that as quickly as we possibly can, ideally before a catastrophic event.”
The episode represents the true problem that ASR is aiming to address with the production of natural rubber in the United States.
For more information on the new, wholly-owned subsidiary, please visit AmericanRubber.com. Additionally, interested parties can subscribe for updates and more information.
About American Sustainable Rubber Company, LLC
American Sustainable Rubber Company, LLC is an indoor agriculture firm pursuing proprietary technology to sustainably produce natural rubber in the United States at a commercial scale from the genetically modified TK dandelion plant.
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 Company, LLC (“ASR”), is an indoor agriculture technology company focused on creating a domestic solution to natural rubber production.
Forward Looking Statement:
Certain information set forth in this press release contains forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions. These statements are not guaranteeing of future performance and undue reliance should not be placed on them. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, the results of the company could differ materially from the results expressed or implied by the forward-looking statements we make. Some of the forward-looking statements include market demand information, expected development of the business, execution of the vision and growth of the company, completion of its projects, and the renewal of certain licenses and supplier relationships. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
Some of the specific risks and uncertainties involved the company’s business plan include, but are not limited to, the following: (i) the possibility that the company will not achieve its objective of becoming a leading provider of natural rubber through the further development of the TK dandelion for such purposes; (ii) the commercialization of alternative technological advancements that could render the company’s solutions less valuable in the marketplace; (iii) the failure of the company to successfully develop and commercialize the technology that it licenses; (iv) the inability of the company to obtain the financing it needs to carry out its business plans; (v) the inability of the company and its partners to modify the TK dandelion to a point where it contains enough natural rubber to make a commercially viable product; (vi) a market shift away from natural rubber to synthetic rubber or other substitutes; (vii) the development by competitors of alternative ways to produce natural rubber that render the dandelion approach comparatively ineffective; (vii) challenges based on intellectual property claims could be brought against the company or its licensor; and (viii) other market factors, including without limitation, macroeconomic, regulatory, tax policy, cyber security, currency, climate change, international trade and geopolitical risks.
Although forward-looking statements contained in this press release are based upon what management of the company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
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