Bioxytran Inc (BIXT)

[sch100]

LAS VEGAS, Aug. 11, 2014 (GLOBE NEWSWIRE) -- The Board of Directors has voted to rescind its prior resolution to amend the articles of incorporation of U. S. Rare Earth Minerals, Inc., (USMN) to provide for the authorization to issue up to one billion shares of common stock. Therefore, the authorized number of shares of common stock shall remain at three hundred million shares and the articles of incorporation will not be amended.

"At the time the decision to amend the articles was made, the move seemed prudent in light of potential financing USMN was considering. However, due to shareholder concerns and because the company's financial future looks bright, the Board's decision to rescind seems more prudent," said Larry Bonafide, CFO and Secretary/Treasurer.

U.S. Rare Earth Minerals, Inc.