Austin, Texas — (Business Wire) May 8, 2008
SEGV announces merger with USOG - Now listing at USOG.PK
United States Oil and Gas Corp (Pink Sheets: USOG.PK) (previously known as Sustainable Energy Development, Inc. (Pink Sheets: SEGV.PK) (the “Company”) announces that NASDAQ has approved of its 30-1 reverse stock split and name change to United States Oil and Gas Corp.
The Company is pleased to also announce that it has completed the reverse merger with United States Oil & Gas Corp, an operating Nevada corporation. The Company is continuing to implement its acquisition strategy and develop its patent pending technology on a cost effective seismometer to be used in rugged environments. This will establish more portable, flexible technologies that will provide drilling services to previously inaccessible areas, as well as to customers who desire a smaller ecological footprint. To find out more about operations, please visit www.usaoilandgas.com.
About United States Oil & Gas Corp. (USOG.PK)
United States Oil & Gas Corp. is focused on the domestic oil and gas services sector, acquiring oil and gas services companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. USOG also develops innovative technologies to increase oil and gas extraction with the smallest environmental footprint.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. USOG has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect USOG's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause USOG's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. USOG undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
