USCorp Significantly Reduces Debt
USCorp (OTCMarkets: USCS.PK) today announced that it has paid off a
significant amount of its corporate debt.
Robert Dultz, Chairman and CEO of USCorp, stated: 'We have negotiated
and paid off our corporate debt of $557,600 plus interest with a
combination of cash and stock. Our only remaining debt obligations are
for our gold bullion loan.?
'We appreciate how the holders of the convertible debenture notes, a
private Swiss investment fund, have supported us and worked with us over
the past several years. USCorp continues to move forward toward
completion of the exploration at the Twin Peaks project, and with our
exploration and development plans on the Picacho Salton project,?
continued Mr. Dultz.
About USCorp
USCorp is an exploration stage company with projects in California and
Arizona. Information about USCorp can be found at the company′s website: http://uscorpgold.com.
SAFE HARBOR ACT DISCLAIMER NOTICE
'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 events.
USCorp
Robert Dultz, Chairman and CEO
robert@uscorpnv.com
or
Martin
E. Janis & Company, Inc.
Bev Jedynak, 312-943-1123
bjedynak@janispr.com