SOURCE: US Energy Holdings

May 01, 2006 18:18 ET

Secure Line of Credit for 100 Million Dollars Has Just Been Obtained

HOUSTON, TX -- (MARKET WIRE) -- May 1, 2006 -- US Energy Holdings' (OTC BB: USEHE) CEO Claude Eldridge is proud to announce the secured financing of 100 million USD. These funds are immediately available to be used for any acquisitions for the growth of US Energy Holdings, to get a secure foothold in the rapid growing energy market. This will allow our aggressive acquisition team to act promptly on prime future locations as well as current acquisitions. With these funds available, US Energy Holdings will become a name to be recognized in the Independent Energy Sector. We extend the invitation to other small energy related companies interested in mergers and joint-acquisitions to contact us via our Corporate Offices at 281-315-8895.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as it or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

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