SOURCE: VitalTrust Business Development Corp.

July 09, 2007 10:21 ET

VitalTrust Brings Action Against U.S. Sustainable Energy Corporation to Recover Converted Shares

TAMPA, FL--(Marketwire - July 9, 2007) - VitalTrust Business Development (OTCBB: VTBD) ("VitalTrust" or "the Company") announced today that it had commenced litigation against U.S. Sustainable Energy Corporation, its directors and officers, and its transfer agent, Signature Stock Transfer, Inc. The basis for this action is that the defendants failed to issue a 1 for 1 stock split/dividend of 225,500,000 USSE common shares. The case is pending in Hillsborough County, Florida, Case #07-008271-Div. G.

John Stanton, Chairman and CEO of VitalTrust, is a co-plaintiff in the lawsuit. VitalTrust holds an assignment of rights to 225,500,000 shares originally issued to Stanton. The suit also asserts shareholder rights for USSE's failure to allow access to its books and records as required by Nevada law. The Plaintiffs intend to vigorously pursue this action.

About VitalTrust Business Development Corporation:

VitalTrust, a registered Business Development Company under the Investment Company Act of 1940, provides management and finance primarily to private companies. The Company invests and manages enterprises in the healthcare, energy, internet and services sectors.

Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future US Energy Initiatives actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.

Contact Information

  • For information at the Company contact:
    Mark Clancy
    Chief Operating Officer