SOURCE: IO News Wire

IO News Wire

January 22, 2010 04:00 ET

(OTC: USOG) BUY Recommendation Issued With a Price Target of $.15

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - January 22, 2010) - United States Oil & Gas Corp (PINKSHEETS: USOG) has been issued a BUY rating from one of Wall Street's leading independent research firms, Grass Roots Research and Distribution, Inc.

US Oil and Gas Corporation's compound growth strategy focuses squarely on multiplying the value of the company through acquisition and application of patents and proprietary technologies in the oil and gas industry. Using its proprietary prospecting system, US Oil and Gas should successfully grow by acquiring companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place.

US Oil & Gas wholly owned subsidiary Turnbull Oil generated $16.5 million dollars in revenue for fiscal year 2008 and $4,400,000 in sales for the 4th quarter of 2009.

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