SOURCE: Case Financial, Inc.

February 29, 2008 06:00 ET

Case Financial Provides Additional Guidance on Uranium Properties

CARLSBAD, CA--(Marketwire - February 29, 2008) - With respect to its proposed joint venture agreement with U-Energy announced last week, Case Financial, Inc. (OTCBB: CSEF) said today that the initial three Wyoming uranium properties included in the venture are located in known uranium districts.

The company further said that surface reconnaissance with a Geiger counter confirms moderate-to-high counts of radioactive material present at the surface. Historic minerals exploration trenches on one of the properties exposes carnotite, a relatively uncommon mineral that is an important and potential indicator of uranium.

U-Energy's Managing Director, Dennis M. Anderson, P.E., believes the three properties are "excellent targets" for the discovery of economic uranium deposits. He said geological mapping and geochemical surveys to be performed later this year will help identify drill targets. Funding from Case Financial will be used for geologic mapping, geochemistry, geophysics, and subsurface exploration in the form of drilling and trenching.

Case Financial also said it is currently constructing a website for investors and analysts to better understand the nature of the project and to follow its long-term progress on a continuous basis.

For its part in supplying an estimated $2 million in funding over the next three years, Case Financial will earn a 60 percent interest in the joint venture. Case and U-Energy expect to finalize their formal joint venture agreement in the next few weeks.

Forward-Looking Statements

Except for historical information contained herein, the statements made in this release constitute forward-looking statements (including within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934). Such forward-looking statements are based on current expectations that are subject to significant risks and uncertainties that are difficult to predict, including statements regarding the intent, belief or current expectations of Case Financial, Inc. and its management regarding strategic directions, prospects and future results. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of the corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by Case Financial, Inc., which are on file with the U.S. Securities and Exchange Commission and may be accessed at http://www.sec.gov, and specifically the most recent reports on Form 10-K and 10-Q, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Case Financial, Inc. disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.

Contact Information

  • Contact:
    Michael Schaffer
    C.E.O.
    Case Financial, Inc.
    760-804-1449