USCorp a Junior Gold Exploration Company Signs Letter of Intent With Chinese Conglomerate
USCorp (OTCBB: USCS) has signed a non-binding Letter of Intent (LOI)
with a multinational Chinese agricultural conglomerate with over USD$700
million in annual revenues. The next step is to complete a definitive
agreement spelling out terms and conditions including major financing
for USCorp.
As reported in the Company′s last press release, management is engaged
in discussions with other individuals and entities.
'We believe USCorp has shown itself to be a survivor in an era of
economic difficulties that have left many investors whose investments in
"safe′ or "conservative′ companies left them holding the bag, in some
cases an empty bag. And in an era of disappearing juniors, forced out of
business by the effects of the economy, USCorp is still around, kept
alive by the efforts of our management team, working hard and spending
frugally, as well as the efforts of our loyal shareholders and
investors. USCorp has done what it said it would do, limited only by
finances available to fulfill our business plan,? stated Robert Dultz,
CEO of USCorp.
More information on USCorp can be found at the company′s website: http://uscoprnv.com.
About USCorp
USCorp has two mineral exploration projects in the United States: the
gold and silver Twin Peaks project located in Yavapai County, Arizona,
and the gold Picacho Salton project located in Imperial County,
California.
About Measurements
Technical Reports and Feasibility Studies on our projects are presented
in accordance with Canadian and internationally recognized standards.
The terms 'Mineral Resource,' 'Measured Mineral Resource,' 'Indicated
Mineral Resource' and 'Inferred Mineral Resource' are Canadian mining
terms and are not defined terms under standards of the United States
Securities and Exchange Commission (SEC). Under SEC standards,
mineralization may not be classified as a 'reserve' unless the
determination has been made that the mineralization could be
economically produced and permitted in order to be legally produced or
extracted at the time the reserve calculation is made. USCorp cautions
readers not to assume that all or any part of Measured, Indicated or
Inferred Resources will ever be converted into Mineral Reserves as
defined by the SEC.
Forward-Looking Statements
Statements contained in this release that are not historical facts are
forward-looking and involve risks and uncertainties. See 'Risk Factors?
in the company′s filings with the U.S. Securities and Exchange
Commission. The actual results that the company achieves may differ
materially from any material forward-looking statements due to such
risks and uncertainties. The company undertakes no obligation to revise
or update publicly any forward-looking statements for any reason.
USCorp
Robert Dultz, Chairman and CEO
robert@uscorpnv.com
or
Martin
E. Janis & Company, Inc. Public Relations
Beverly Jedynak,
312-943-1123
bjedynak@janispr.com