USCorp Files Fiscal 2012 Annual and 2013 First Quarter Reports
26 Fevereiro 2013 - 10:30AM
Business Wire
USCorp (OTCMarkets: USCS.PK) today announced that it has filed
its fiscal 2012 Annual Report and its fiscal 2013 First Quarter
report with the SEC. USCorp believes this will make USMetals, Inc.,
and Southwest Resource Development, Inc., more attractive to
potential merger, acquisition and/or joint-venture opportunities.
These reports can be viewed at the Company’s website at
http://uscorpgold.com/financial-reporting/.
Robert Dultz, USCorp Chairman and CEO, said, “As we complete
preparations for the spinoff of our two wholly owned subsidiaries,
USMetals, Inc., and Southwest Resource Development, Inc., to our
shareholders, we have been separating out the accounting for each
corporation. In order for our subsidiaries to start debt free,
USCorp has accepted a minority ownership position, less than 20%,
in each corporation as payment in full for prior expenditures by
USCorp on behalf of its subsidiaries.”
Mr. Dultz continued, “We are current in our reporting to the
Securities and Exchange Commission ('SEC'). In addition to filing
our 2012 Annual Report and First Quarter 2013 report, we also
restated our fiscal 2011 financials and our first quarter 2012
financials in order to correct some misclassifications and to
provide additional disclosure to our investors, our shareholders
and the public. We are committed to transparency and to keeping the
public informed of our progress in developing our properties.”
In the meantime USCorp continues to pursue other opportunities
for acquisition or joint-venture development of resources in
keeping with its mission of “Exploring and Developing America’s
Mineral Resources.”
USCorp is an exploration stage company with gold and silver
projects in Arizona and California. Information about USCorp can be
found at the company’s website: http://uscorpgold.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risks and uncertainties include
the Company’s entry into new commercial businesses, the risk of
obtaining financing, recruiting and retaining qualified personnel,
and other risks described in the Company’s Securities and Exchange
Commission filings. The forward-looking statements in this press
release speak only as of the date hereof, and the Company disclaims
any obligation to provide updates, revisions or amendments to any
forward-looking statement to reflect changes in the Company’s
expectations or future results.
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