SOURCE: U.S. Sustainable Energy Corp.

July 31, 2008 08:30 ET

U.S. Sustainable Energy Retains Thomas Gorman to Defend SEC Action

NATCHEZ, MS--(Marketwire - July 31, 2008) - U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) is pleased to announce today that it has engaged Thomas Gorman of Porter Wright Morris & Arthur to respond to the recently filed SEC litigation matter against the Company and John Rivera, the Company's Chief Executive Officer.

Mr. Gorman and his firm are based in Washington, D.C. Mr. Gorman is the Chair of Porter Wright's Securities Litigation practice group, Co-chair of the ABA White Collar Crime Securities Section, former partner-in-charge of the firm's Washington, D.C. office (2000-2007), and a former member of the staff of Securities and Exchange Commission's Enforcement Division and Office of the General Counsel. He is a frequent speaker and author of articles regarding securities litigation topics and publishes a blog, which comments on trends and current events in SEC and DOJ securities enforcement investigations and actions, In 2007, he was selected for inclusion in Super Lawyers in the area of securities litigation. Washington Business Journal previously recognized him as one of the five top lawyers in Washington, D.C.

Mr. Gorman stated, "I am pleased to be selected to defend this action brought by the Securities and Exchange Commission and believe that this action is without merit and has already been substantially damaging to the Company's shareholders. We intend to vigorously defend the Company and its principals against these baseless allegations."

"The retention of Thomas Gorman provides us with nationally recognized counsel who will work vigorously to defend our Company against this action. We have no intention of settling with the SEC in this matter as we believe their allegations are pointless. Tom will assist us in winning this battle and helping us move forward with the best interests of our shareholders," stated John Rivera.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.

Contact Information

  • Investor Contact:
    Redwood Consultants
    LLC (415) 884-0348