January 17, 2018 09:00 ET | Source: Umbra Applied Technologies Group, Inc.
TAMPA, Fla., Jan. 17, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE Umbra Applied Technologies, Inc. (OTC:UATG) Chairman is pleased to issue the following letter to shareholders today:
January 17, 2018
UATG Shareholders
Re: Umbra Applied Technologies Group, Inc.
2018 Chairman’s Letter
(UATG:PK) Year 2018
Chairman's Letter
“UAT Group and its subsidiaries, operate with the understanding that what we do matters and as such our decisions bear consequences.”
Dear Fellow Shareholders,
First, I would like to wish everyone a prosperous New Year and I hope everyone enjoyed the holidays.
As the Chief Executive of a publicly traded company I am the fiduciary for all shareholders, many of whom have invested in UAT Group based on long-term goals such as retirement or to pay for a childs higher education. As such, I advocate and otherwise direct corporate governance practices that are in keeping with long-term value creation for our shareholders and clients. Last year I asked my executive team to help me outline a new strategic frame-work for long-term value creation that could be completed within the year. I am pleased to report that we have been successful in our execution and were so against significant odds.
Over the course of the past 12 months, many of the assumptions on which our plans were based, including low interest rates on capital and an expectation for continued globalization, have failed to sustain despite indicators to the contrary. With U.S. reflation, increasing rates, renewed growth, the increasing turbulence in Asia as a catalyst to geopolitical tensions, the prospective withdrawal of the United Kingdom from the European Union reshaping Europe and the United States undergoing a fundamental reformation of long held fiscal strategies; the economic environment has been and remains quite volatile. This does not mean that this company or the market at large is expected to be impacted negatively but it is a factor when crafting a long-term execution strategy.
Answer:
Correct answer is Trade routes were created across the Atlantic Ocean.
Explanation:
First option is not correct as this trade links existed for centuries and were never broken.
Second option is correct as Europeans started sailing across the Atlantic Ocean and reached Americas. With that the process of colonization and trade exchange was established.
Third option is not correct as Europeans (namely Vasco de Gama) discovered sea route to Asia.
Fourth option is also not correct as Pacific Ocean was not yet an area where Europeans were sailing that much and it was hard to established trade links.
Hey You!
The phony war ended when Hitler overran Denmark and Norway and took over the Netherlands and Belgium. He blitzed without mercy and forced France to surrender. The fall of France meant the only thing that stood between Hitler and the world was Britain. If the English lost, Hitler would have all of Europe and may attack the US. So Roosvelt moved and called to build armed forces. 1.2 million troops and 800,000 reserves would be trained.
And That's Your Answer! ^
