SOURCE: United Resource Holdings Group, Inc.

May 24, 2012 20:20 ET

United Resource Holdings Group, Inc. Has Retained Bridgewater Capital Corporation as Investment Banker and International Investment Bankers, Corp. as Broker-Dealer

RENO, NV--(Marketwire - May 24, 2012) - United Resource Holdings Group, Inc. (PINKSHEETS: URHG) announced today that Bridgewater Capital Corporation ("Bridgewater") and Independent Investment Bankers Corp. ("IIB") have been retained as their investment banker and broker-dealer, respectively.

URHG has retained the services of Bridgewater and IIB for the investment banking and broker-dealer needs of the Company. Mark Kersey, URHG's CEO, stated, "Bridgewater and IIB will be key in providing strategic advice and corporate development services to URHG in fulfilling its investment banking and broker-dealer needs." Bridgewater has assisted numerous companies with their staff of experienced professionals, having represented more than 125 companies and an aggregate transaction value of more than $1.0 billion USD since 1994. Bridgewater is headquartered in Irvine, CA. IIB is an Austin, TX-based broker-dealer with a platform providing a national network of qualified, registered, independent investment banking professionals that enable IIB to provide regulatorily compliant capital formation, mergers and acquisitions, and associated business advisory services to URHG.

About United Resource Holdings Group, Inc.:
United Resource Holdings Group, Inc. is a U.S.-based exploration and development company, focused on the acquisition of mining equipment and the development of gold and other precious commodity projects that demonstrate a reasonable probability for near term production. The company is quoted on the OTCPK under the symbol "URHG."

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed for 2012 such as any acquisitions, geophysics, production, construction projects, drilling programs or results from such programs, and the timelines within which such items may be accomplished, as referred to in this news release.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration, development, and production. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time.

Contact Information

    Mark A. Kersey
    (775) 851-4700