United Capital Corp., through its subsidiaries, engages in the investment and management of real estate, operations of hotels, and manufacture and sale of engineered products in the United States. The company also invests excess available cash in marketable securities and other financial instruments. Segments The company operates in three segments Real Estate Investment and Management; Hotel Operations; and Engineered Products. Real Estate Investment and Management This segment includes investing in and managing real estate properties and the making of high-yield, short-term loans secured by desirable properties. The company owns properties that it manages which are leased primarily as department stores, shopping centers, restaurants and office buildings around the country. It also owns day-care centers located in New York City, which are primarily operated by the City of New York. In addition, the company owns properties available for sale and lease with the assistance of a consultant or realtor working in the locale of the premises. Hotel Operations This segment consists of three full and limited-service hotels located in the United States. Engineered Products Engineered Products are manufactured through Metal Textiles Corporation (Metal Textiles) and AFP Transformers Corporation (AFP Transformers), wholly owned subsidiaries of it. The principal areas in which these products have application are as high temperature gaskets, seals, components for use in airbags, shock and vibration isolators, noise reduction elements, EMI electronic shielding, and air, liquid and solid filtering devices serving the automotive, aerospace, and general industrial markets. Metal Textiles supplies various automobile manufacturers with exhaust seals and components for use in airbag inflators. The company also manufactures transformers marketed under the brand names of AFP Transformers and EPOXYCAST for various applications, including switchgear, motor starters, motor drive systems, machine tool power, rectifiers, inverters, furnaces and various custom applications. Customers The company’s major customer is General Motors. Significant Events In December 2012, United Capital Corp. announced that it has acquired the castle-like Radisson Hotel Nashua in Nashua, New Hampshire. History United Capital Corp. was founded in 1980.
united capital corp (UCAP:OTC US)
United Capital Building
9 Park Place
Great Neck, NY 11021
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