......LookN for Gold
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GOOD READING ON THIS BOARD.
USOG has been on my watchlist for a couple weeks, and now I"m in!!
Good to be here w/ you all!
NEWS!!!!!!!
United States Oil & Gas Corp Extends Purchase Agreement With Kansas-Based Subsidiary; Sales Rise 29% to $1.5 Million
AUSTIN, TX -- (Marketwire)
03/10/10
United States Oil & Gas Corp (PINKSHEETS: USOG), a growing oil and gas products, services and technology company, announced today the extension of the maturity of its promissory note due for the purchase of its profitable Kansas-based subsidiary, Turnbull Oil. As agreed, the note will now mature at year end rather than April 2010.
Alex Tawse, CEO of USOG, commented: "We have worked closely with Turnbull to properly align our capitalization and share registration efforts. This extension makes the most sense for our shareholders. Turnbull continues to deliver solid profits and we are pleased with its steady performance."
Preliminary January 2010 results for operations at Turnbull showed total sales were $1.5 million, a 29% increase over the same period last year. At 54% and 44%, respectively, propane and refined fuels comprise the greatest proportion of sales. Turnbull also sells other oil-based products such as lubricants, and generates revenue from the distribution of refined fuels.
Along with the profitable North Dakota-based United Oil which USOG purchased at the start of 2010, Turnbull is a wholly owned operating subsidiary of USOG. Turnbull was acquired by USOG in May 2009. The annual audit for full-year 2009 results are in the process of being finalized by a certified Public Company Accounting Oversight Board (PCAOB) designated firm.
About United States Oil & Gas Corp (PINKSHEETS: USOG)
United States Oil & Gas Corp is focused on acquiring and growing domestic oil and gas services companies. The company targets small to mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. The company made its first acquisition, Turnbull Oil, in May 2009, and its second, United Oil & Gas, Inc. in January 2010. In addition to its acquisition strategy, the company intends to acquire and/or develop and deploy proprietary technologies that will explore or extract oil and gas trapped in the earth using the latest technologies that create the smallest ecological footprint as possible. For more information please visit the company's website at www.usaoilandgas.com
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.
Contact:
Marcia Levy
Investor Relations
+1-512-464-1225
Email Contact
not sure what this week will look like but w/in the next two weeks i think we will see .03..AIMO
we'll see!
MUST READ NEWS
Alto Group Updates Operational Plans and Market Conditions
NEW YORK, NY -- (Marketwire)
03/09/10
Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company") today wishes to provide a corporate update regarding current market conditions and Management plans to increase shareholder value by increasing the asset position within the company's portfolio.
Regarding the gold mining operations in Ghana, initial phase core drilling will be initiated upon the completion of the assignment process which is currently underway. Early indications in the West African project have been favorable and have exceeded all initial expectations.
As previously reported, samples indicate approximately average grades ranging between 1-2 ounces per ton based on the initial sample testing. Management believes strongly that a multi-million ounce deposit could be identified and outlined once core drilling is completed.
Given that preliminary results from our exploration efforts were highly positive, the Company aims to quantify those results into a proven resource. Therefore, the next phase of drilling is extremely important. Substantiating the company's initial findings can only be quantified and proven through NI-43-101 standards once core sampling commences and the results are issued.
The Ashanti Belt in Ghana has a long history of gold production and is one of the world's most productive gold mining regions. Alto Gold has a joint venture agreement with Castle Peak Mining for a 70% interest in the Nkwanta mining concession located in the Ashanti Belt. The Company also holds the option for a 50% position in one of two mining concessions adjacent to Nkwanta.
Concurrent to these events, Management has held a series of extensive internal meetings which have led to a consensus to develop a strategic plan to further diversify the Company's portfolio with a decision to implement certain steps to complete due diligence reviews towards the acquisition of a significant new asset which would help to protect the Company and its shareholders from risk concentration.
The targeted assets under review are in the final stages of approval and negotiation and we anticipate the announcement of an agreement towards this acquisition within several days. The Company intends to continue to explore its options as regards additional mining concessions in the near future, and fully expects to indentify and develop future gold deposits during its planned exploration endeavors over the next 24 months.
Furthermore, in order to bolster our operational abilities and to address those roles needed to provide a proactive approach to governance during the upcoming period of activity, Management plans to announce the appointment of additional key personnel with core competencies in finance, business development and mineral exploration management over the coming weeks ahead.
In related news, Management also wishes to squarely address the recent surge in share activity and increase in its shareholder base as a result of the recent events which have transpired during our exploration efforts.
Many initial shareholders had positions which were sold off during the company's dramatic increase in trading volume and value in recent weeks. Additionally, early stage shareholders, advisors, and consultants who held significant blocks of stock joined the profit taking run which we believe is a major contributing factor leading to current conditions.
The Management and Directors of Alto believe this opens the doors for existing and new potential shareholders to re-enter at the current trading range in order to take advantage of a what can reasonably be considered a deeply discounted opportunity as nothing material in the management, operations, results, litigations, or liabilities have transpired to warrant changing a buy or hold status to a sell.
The commencement of new operations, the initiation of core drilling at our ongoing operations at Nkwanta, and the results of the NI-43-101 are all events in the near future that could quickly return value to the recent highs of January.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Alto Group Holdings, Inc.
- - - - - - - - - - - - - - - - - -
Mark Daniel Klok
President and CEO
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact:
Kevin A. Mercuri
Propheta Communications
212-901-6914 Ext 701
Email Contact
ALTO news!!
Alto Group Updates Operational Plans and Market Conditions
NEW YORK, NY -- (Marketwire)
03/09/10
Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company") today wishes to provide a corporate update regarding current market conditions and Management plans to increase shareholder value by increasing the asset position within the company's portfolio.
Regarding the gold mining operations in Ghana, initial phase core drilling will be initiated upon the completion of the assignment process which is currently underway. Early indications in the West African project have been favorable and have exceeded all initial expectations.
As previously reported, samples indicate approximately average grades ranging between 1-2 ounces per ton based on the initial sample testing. Management believes strongly that a multi-million ounce deposit could be identified and outlined once core drilling is completed.
Given that preliminary results from our exploration efforts were highly positive, the Company aims to quantify those results into a proven resource. Therefore, the next phase of drilling is extremely important. Substantiating the company's initial findings can only be quantified and proven through NI-43-101 standards once core sampling commences and the results are issued.
The Ashanti Belt in Ghana has a long history of gold production and is one of the world's most productive gold mining regions. Alto Gold has a joint venture agreement with Castle Peak Mining for a 70% interest in the Nkwanta mining concession located in the Ashanti Belt. The Company also holds the option for a 50% position in one of two mining concessions adjacent to Nkwanta.
Concurrent to these events, Management has held a series of extensive internal meetings which have led to a consensus to develop a strategic plan to further diversify the Company's portfolio with a decision to implement certain steps to complete due diligence reviews towards the acquisition of a significant new asset which would help to protect the Company and its shareholders from risk concentration.
The targeted assets under review are in the final stages of approval and negotiation and we anticipate the announcement of an agreement towards this acquisition within several days. The Company intends to continue to explore its options as regards additional mining concessions in the near future, and fully expects to indentify and develop future gold deposits during its planned exploration endeavors over the next 24 months.
Furthermore, in order to bolster our operational abilities and to address those roles needed to provide a proactive approach to governance during the upcoming period of activity, Management plans to announce the appointment of additional key personnel with core competencies in finance, business development and mineral exploration management over the coming weeks ahead.
In related news, Management also wishes to squarely address the recent surge in share activity and increase in its shareholder base as a result of the recent events which have transpired during our exploration efforts.
Many initial shareholders had positions which were sold off during the company's dramatic increase in trading volume and value in recent weeks. Additionally, early stage shareholders, advisors, and consultants who held significant blocks of stock joined the profit taking run which we believe is a major contributing factor leading to current conditions.
The Management and Directors of Alto believe this opens the doors for existing and new potential shareholders to re-enter at the current trading range in order to take advantage of a what can reasonably be considered a deeply discounted opportunity as nothing material in the management, operations, results, litigations, or liabilities have transpired to warrant changing a buy or hold status to a sell.
The commencement of new operations, the initiation of core drilling at our ongoing operations at Nkwanta, and the results of the NI-43-101 are all events in the near future that could quickly return value to the recent highs of January.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Alto Group Holdings, Inc.
- - - - - - - - - - - - - - - - - -
Mark Daniel Klok
President and CEO
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact:
Kevin A. Mercuri
Propheta Communications
212-901-6914 Ext 701
Email Contact
GOOD NEWS!!
There was inside buying the last 3 weeks also wasn't there. Is that correct?
Good indication if there was!!
I hope this is just the beginning.
great news today!!
What are some thoughts to where we may be heading from here?
i try to follow the board here the best i can, but anyone know whats going on?
lol...funny
LOL...after reading that, I dont know whats going on. Anyone care to shed some light on this.
Wow. Thats quite an accomplishment. It is nice at here, although it rains a little much. Its funny though because it's actually been very nice the last 2 years and the population is increasing. If we continue to have sunny days around here, its going to become the next California...no not really, but it has been nice lately.
thanks man!!appreciate it
lol...yeah, good news is I didn't put that much in.
by the way, ive been leaning towards getting out of TDA...i've heard some good things about Zecco and Live2trade..
who you think is best and why?
appreciate it!
TDA im finding out is not for penny stocks.
From what i've heard around the boards,its either
Zecco
or
Live2trade
Any thoughts on who is best...THANKS
I like this company but what exactly do some think a PR will have behind it to push this thing past 3's again? New to investing, but could we have seen the big run already?
By the way, when are we expecting this PR?
thanks
lol....095 to break even
lol...i did the same thing...
I'm kicking myself for not getting into this one a couple weeks ago....i had $100 i was going to drop on this at .0005. Seen it go up to .0012, and figured it would come back. NOPE!
FOR SURE!! We got a great company here!!
man, pulled the trigger too soon i guess....IN @ .0024
L2 PLEASE!!
why is this not going anywhere?
good news!! didn't expect this to be stalling
L2 PLEASE
THANKS
lol....could be worse off.
I'm in at .095!!!!
aarrrhhh...rookie mistake i guess
looking good for next week!!
IPWG THOUGHTS
I'm just learning how to read graphs and I came across IPWG.
Any thoughts on this possibly getting ready for a nice move?
thanks
CHART INFO....
I'm just learning how to read graphs, and right now where IPWG ended on Friday, it looks like its ready for another bounce.
Is anyone open to give insight on the chart.
Thanks
lol..i just re-read my posts and WOW....sorry for repeating myself over and over....i didn't even know what i was asking.
thanks for the reply
I may be repeating myself here but is an increase in shares good or bad, because when one MM has increased in shares, there seems to be many others that did as well. What does this mean?
thanks
So the short volume compared to the total volume is about 24%. Is this good or bad? Can someone please explain this. Also, is there a limit to the amount of shares that can be shorted? I appreciate any reply...thanks
When Market Makers' volume go down, or even up, lets say over a 2 month period, what does this show us? Is it bad when they are picking up 3x as many shares this month than last? Or vice versa?
thanks
LIFT OFF SOON!! NEXXT WEEK
CHART!WDAS...HERE WE GO!!!
we got a monster here!
i think we get a good run tommorrow!
I need to look this up for myself, but this seems to good to be true. I mean, free $? I dont get it. Can someone explain this.
Wow dude!! Thats alot less than I had expected..Not sure what is normal but it seems with only 976 shareholders, the chances of this going down are less likely. I know its assuming but I feel this is one of those stocks where people are not looking to flip this...btw thanks RTG!!Keeping you in prayer!...and GOIG!LOL
There just seems to be so much support behind this stock. I think we have a lot of long term investors in this. Even with a pullback, who cares. I mean no we dont want to lose $ but we invested cause of whats going on you know. I'm confident that most who are in this,and not just on this board, are not here to flip..yes take profits, but theres more than that here. Is there any way to know how many investors are in this? I think that would put things in perspective.