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.
Colonies represented, for Catholic orders, untapped conversion potential.
So, the Jesuits and other orders went wherever there were people that had not heard of Christianity and the Religious Wars in Europe and converted the willing and unwilling to Catholicism.
<u>Cultural diffusion is the spread of cultural beliefs and social activities from one group of people to another. Through cultural diffusion, horizons are broadened and people become more culturally rich.</u>
<u>Cultural diffusion is the spread of cultural beliefs and social activities from one group of people to another. Through cultural diffusion, horizons are broadened and people become more culturally rich.For example, a woman living in Manhattan might purchase mala prayer beads used by Buddhist monks to focus on a breath or mantra. Her use of those beads, incepted halfway around the world, is now positively impacting her daily practice of meditation. Had she only ever walked the streets of Manhattan, never engaging with any product or activity outside her borders, life would be very different. Also, if it weren't for cultural diffusion, that same woman wouldn't be able to enjoy sushi night every Thursday evening with her friends</u><u>.</u>
Even though in different ways both Americans and Latin Americans wanted freedom and independence.
The colonization in the United States consisted differently than in Latin America where exploitation took place, both parties wanted to prosper and be independent of their colonizers. In this sense it is possible to say that the interests were the same.
