SOURCE: US Oil & Gas Corp.

US Oil & Gas Corp.

February 02, 2010 04:00 ET

United States Oil & Gas Corp. Announces Addition to Board of Directors

AUSTIN, TX--(Marketwire - February 2, 2010) - United States Oil & Gas Corp. (PINKSHEETS: USOG), a growing oil and gas products, services and technology company, is pleased to announce that David Lindemann, an independent certified public accountant (CPA) based in Austin, has agreed to join its Board of Directors. This action is intended to enhance the Company's overall corporate governance practices.

Alex Tawse, President and CEO of USOG, stated, "We are extremely pleased to have David join the Board of Directors. His recent experience managing a public company and his insights and knowledge of public markets and accounting issues will benefit the Company significantly. Furthermore, his independence as a non-affiliated director strengthens the Company's corporate governance at a critical time during the Company's development."

With the addition of Mr. Lindemann, the Board consists of three directors. The Board of Directors will continue to search for additional qualified independent Board members. Brief biographical information regarding Mr. Lindemann is provided below, and additional information can be found on the "Investor Relations" section of the Company's website, www.usaoilandgas.com.

Prior to his current role as an independent accountant, which he began in late 2009, Mr. Lindemann was President and CEO of Western American Mining Company, guiding the company for two years through all aspects of its early stage development, including capital formation, acquisitions and patent application processes. He spent the first half of his career in the public accounting arena. He began with Coopers & Lybrand, LLP in 1995 and then worked for an Austin, Texas accounting firm until founding his own practice in 2000. He switched to the private accounting world when he became Director of Finance for Deverus, a software company in Austin, Texas in 2005, remaining there until late 2007. Mr. Lindemann graduated from the University of Texas in 1995, where he earned a Bachelor's in Business Administration and a Master's in Professional Public Accounting.

About United States Oil & Gas Corp. (PINKSHEETS: USOG)

United States Oil & Gas Corp. is focused on acquiring and growing domestic oil and gas services companies. The company targets small to mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. The company made its first acquisition, Turnbull Oil, in May 2009, and its second, United Oil & Gas, Inc., effective January 1, 2010. In addition to its acquisition strategy, the company intends to acquire and/or develop and deploy proprietary technologies that will explore or extract oil and gas trapped in the earth using the latest technologies that create the smallest ecological footprint as possible.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. USOG has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect USOG'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 USOG's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. USOG 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.

Contact Information

  • Contact:
    Marcia Levy
    Investor Relations
    +1-512-464-1226
    Email Contact