SOURCE: IO News Wire

IO News Wire

May 05, 2010 04:00 ET

(OTC: USOG) Increasing Exposure and Liquidity

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

NEW YORK, NY--(Marketwire - May 5, 2010) -  United States Oil and Gas Corp (PINKSHEETS: USOG) announced yesterday that they have submitted a Registration Statement on a Form 10 to the Securities and Exchange Commission to register its common stock.

By filing a Form 10, the company will be open to listing on more senior exchanges as well as increasing liquidity and gaining broader exposure to the capital markets.

According to the US Department of Energy, natural gas consumption is expected to rise 1.9 percent in 2010. This is good news for US Oil and Gas, whose high profit margins on natural gas drive their overall revenue.

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Other active stocks are Wellstar International Inc (OTCBB: WLSI) Shrink Nanotechnologies Inc (OTCBB: INKND) and Plateau Mineral Development (PINKSHEETS: PMDP)

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