SOURCE: US Oil & Gas Corp

US Oil & Gas Corp

May 04, 2010 04:00 ET

United States Oil and Gas Corp Files Registration Statement on Form 10

AUSTIN, TX--(Marketwire - May 4, 2010) - United States Oil and Gas Corp (PINKSHEETS: USOG), an oil and gas products, services and technology company, announced that it has filed a registration statement on Form 10 with the United States Securities and Exchange Commission in order to register its common stock pursuant to the Securities Exchange Act of 1934, as amended.

Chairman and CEO Alex Tawse commented, "The achievements already made this year include filing our registration statement, the additions to our Board of Directors and improvements in corporate governance. We believe that these strides are a necessary step to allow us to achieve our goals of having our common stock traded on a national securities exchange and consummating additional acquisitions."

While the Company has filed sufficient information for listing on the Pink Sheets, by voluntarily becoming a reporting company under the Securities Exchange Act of 1934, USOG is assuming the full obligation of SEC filing requirements.

About United States Oil and Gas Corp (PINKSHEETS: USOG)
United States Oil and 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 acquisition, United Oil & Gas, Inc., in January 2010. For more information please visit the Company's website at

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

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