Press Releases
AUSTIN, TX, August 10, 2010
United States Oil and Gas Corp Registration Becomes Effective
United States Oil and Gas Corp (Pink Sheets: USOG), announced today that its registration statement on Form 10 as amended, filed with the Securities and Exchange Commission (SEC) to register its common stock pursuant to Section 12(g) of the Securities Exchange Act of 1934, is now effective. The Form 10 includes a description of the business of the company, industry overview, management's discussion and analysis of financial condition, audited historical financial statements, and other legal, financial and risk disclosures.

With the effectiveness of the Form 10, the Company has become a public reporting company under the Securities Exchange Act of 1934. The Form 10 is available through the public website of the SEC at www.sec.gov. As a public reporting company, the Company will be required to prepare and file with the SEC annual, quarterly and current reports as well as comply with the SEC's proxy rules and other securities laws.

The Company's common stock is currently listed on the Pink Sheets, and is expected to be moving to the OTC Bulletin Board following the filing of a 15c2-11 form with the NASD by a registered market maker. Chairman and CEO Alex Tawse commented, "This is another positive achievement for us and should enable both greater transparency and financing capability as we continue to pursue our goals of improved public awareness and growth."
 
About United States Oil and Gas Corp (Pink Sheets: USOG)
United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. We target mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Our subsidiary, Turnbull, which had revenues of $14 million in 2009, was founded in 1965. We own all of the facilities and equipment used at our locations in Plainville, Utica, and Palco, Kansas. Our subsidiary, United, was founded in 2003, and sells and distributes refined oil and gas products including specialty racing fuels throughout North Dakota as well as regions of South Dakota and Montana. We own and operate a convenience store in Belcourt, and hold approximately six acres of developable land located in Bottineau, North Dakota.
 

The Company has tried to identify any forward-looking statements contained in this press release using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements. Refer to "Item 1A – Risk Factors" in our registration on Form 10 filed with the Securities and Exchange Commission for a discussion regarding our exposure to risks. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such factors, nor to assess the impact such factors might have on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

 
Contact
James Crimi
Investor Relations
+1-512-464-1225
investor.relations@usaoilandgas.com
 
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