SOURCE: US Oil & Gas Corp.

US Oil & Gas Corp.

January 26, 2010 04:04 ET

United States Oil & Gas Corporation Confirms CEO Employment Agreement

AUSTIN, TX--(Marketwire - January 26, 2010) - United States Oil & Gas Corporation (PINKSHEETS: USOG), a growing oil and gas products, services and technology company, is pleased to announce today that the Company has signed an employment agreement with CEO Alex Tawse for him to remain in his position for three years effective February 1, 2010. This coincides with the employment agreement which was recently completed with the operating management team at wholly owned subsidiary United Oil. Mr. Tawse has also been appointed to the Board of Directors.

Brief biographical information regarding Mr. Tawse is provided below, and additional information can be found on the "Investor Relations" section of the Company's website,

Prior to taking the reins of USOG in 2008, Alex Tawse spent ten years as CFO and Vice President of Operations for the Kaizen Institute; an international consulting company whose mission is to lead the implementation of lean strategy and continuous improvement culture. Clients included Nike, Dannon, Kraft, BioMerieux, JB Poindexter, Hella Lighting and Bacardi. Mr. Tawse has saved customers millions of dollars and increased their competitive advantage through improved system performance and reliability, greater process flexibility, and increased production capacity without investment in new equipment.

Mr. Tawse is a kaizen expert and has trained others in lean tools and principles such as Total Productive Maintenance, Just In Time Systems, 5S, Lean Accounting, and Total Quality Systems. He has served both manufacturing and service companies. Mr. Tawse has serviced high profile global customers in the U.S., China, Russia, Italy, and the U.K. that operate in a variety of industries including specialized oil drilling equipment, consumer goods, automotive, and pharmaceutical.

Mr. Tawse studied at Oxford University, holds a Bachelor of Arts degree in Economics and International Relations from Stanford University, an MBA degree from the University of Texas, and is also a Certified Public Accountant (CPA - inactive).

About United States Oil & Gas Corp. (USOG.PK)

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 is 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. The company has two patents pending that support this ancillary strategy but does not rely on revenue generation from this technology in its financial projections.

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
    Email Contact
    United States Oil & Gas Corp.
    11782 Jollyville Road, Suite 211B
    Austin, Texas 78759, USA