posted
> REDLANDS, Calif., Sept. 13, 2004 (PRIMEZONE) -- United States Crude International Inc. (Pink Sheets:USCI) today announces a new URL for the U.S. Crude International website. The new URL is www.uscrudeinternational.com. Due to technical difficulties, U.S. Crude International's management decided to change the URL. The newly revised and updated website will be launched on Monday, September 13, 2004. The U.S. Crude International's website will feature updated company information and new contact information for investors.
The Company
United States Crude International is an oil-recovery and other energy related technologies company. USCI will market its current technologies. USCI holds the license and the rights to market the TM-96 Steam Generators, the TM-98 Portable Gas System and the TM-9 Deep Steam System. These units, used separately or in conjunction with each other, provide pressure needed to drive oil through a ground formation and improve the free flow of crude oil.
Although major oil companies have used steam and gas technologies for years, the TM technologies provide a portability and low cost of operation not previously available.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act
Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, which may, individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.
CONTACT: United States Crude International Investor Relations Line (909) 799-3440
posted
Here is a some info from the FAQ page: -------------------------------------- 1. How many people does U.S. Crude International currently employ?
Currently, there are 2 individuals in the Redlands California offices. As more funding becomes available a greater support staff will be employed.
2. What is the Company's growth strategy?
U.S. Crude International has a plan that utilizes managed growth in line with the Company's strategic goals.
3. Why has there not more upward movement of the stock in view of the Company's growth potential and the increase in revenue from oil production?
The management of U.S. Crude International believes that the Company's stock is undervalued at its present price and is therefore an outstanding opportunity for new investors. Due to a precipitous drop in oil prices in late 1998, USCI was unable to widely market its enhanced recovery technology. The rising price of oil has put the Company in an excellent position to market its technologies to an attentive audience in the industry. In view of the massive potential and ongoing growth of U.S. Crude International, the value of our stock should be able to overcome market manipulation and enjoy a profitable future.
From Investor page: ------------------- Ticker: USCI
quote:Originally posted by Dardadog: > REDLANDS, Calif., Sept. 13, 2004 (PRIMEZONE) -- United States Crude International Inc. (Pink Sheets:USCI) today announces a new URL for the U.S. Crude International website. The new URL is www.uscrudeinternational.com. Due to technical difficulties, U.S. Crude International's management decided to change the URL. The newly revised and updated website will be launched on Monday, September 13, 2004. The U.S. Crude International's website will feature updated company information and new contact information for investors.
The Company
United States Crude International is an oil-recovery and other energy related technologies company. USCI will market its current technologies. USCI holds the license and the rights to market the TM-96 Steam Generators, the TM-98 Portable Gas System and the TM-9 Deep Steam System. These units, used separately or in conjunction with each other, provide pressure needed to drive oil through a ground formation and improve the free flow of crude oil.
Although major oil companies have used steam and gas technologies for years, the TM technologies provide a portability and low cost of operation not previously available.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act
Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, which may, individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.
CONTACT: United States Crude International Investor Relations Line (909) 799-3440
[This message has been edited by Ric (edited September 13, 2004).]
posted
Here is a some info from the FAQ page: -------------------------------------- 1. How many people does U.S. Crude International currently employ? Currently, there are 2 individuals in the Redlands California offices. As more funding becomes available a greater support staff will be employed.
2. What is the Company's growth strategy?
U.S. Crude International has a plan that utilizes managed growth in line with the Company's strategic goals.
3. Why has there not more upward movement of the stock in view of the Company's growth potential and the increase in revenue from oil production?
The management of U.S. Crude International believes that the Company's stock is undervalued at its present price and is therefore an outstanding opportunity for new investors. Due to a precipitous drop in oil prices in late 1998, USCI was unable to widely market its enhanced recovery technology. The rising price of oil has put the Company in an excellent position to market its technologies to an attentive audience in the industry. In view of the massive potential and ongoing growth of U.S. Crude International, the value of our stock should be able to overcome market manipulation and enjoy a profitable future.
From Investor page: ------------------- Ticker: USCI
Exchange: Pinksheets
SIC Code: 9995
20 billion shares authorized
Approximately 13 billion shares outstanding
Approximately 7 billion shares in the float
---------------------------------
"Currently, there are 2 individuals in the Redlands California offices."
"Due to a precipitous drop in oil prices in late 1998, USCI was unable to widely market its enhanced recovery technology." --------------------- These statements, I think does states that the company sort of went out of business as far as day to day operations until they felt they had a greater need in the market which they knew was coming. Whether or not they can get the company up and running again I guess will all fall on the ability to finance future operations. I think they feel this is the right time to sell there products, now can they get enough money to restart the business. Looks like they are trying with the new web site. I guess it is no more risk then most pennies in this price range.
posted
Until they sell anything there is not need to get new employees and exhaust the money into something unnecessary - if they build these machines before, it should not be a taugh project to repeat. If they need to build these machines then they can easily subcontract the work and just manage the scheduling. Just my opinion....
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
Also don't know how much inventory they had left and whats setting around the office now. I think it could be a great idea to have it subcontracted if they can get orders.
Ric
quote:Originally posted by TradingWizard: Until they sell anything there is not need to get new employees and exhaust the money into something unnecessary - if they build these machines before, it should not be a taugh project to repeat. If they need to build these machines then they can easily subcontract the work and just manage the scheduling. Just my opinion....
quote:Originally posted by Ric: Also don't know how much inventory they had left and whats setting around the office now. I think it could be a great idea to have it subcontracted if they can get orders.
posted
This is just a guess about what's going on.
Last night, on the news about Ivan, there was a short clip about the oil rigs being shut down near the storm and oil prices going up. Maybe a bunch of speculators are jumping on this because of the news.
quote:Originally posted by Trader O: This is just a guess about what's going on.
Last night, on the news about Ivan, there was a short clip about the oil rigs being shut down near the storm and oil prices going up. Maybe a bunch of speculators are jumping on this because of the news.
posted
what broker are you guys using to trade this stock??? I have scottrade and they tell me that it is on a restricted list and i cannot buy any!
IP: Logged |
posted
WoW! Get out of town and this baby decides to move on me. Just got into Fl. Haven't been able to check on my stocks all day. Nice to see some movement.
posted
Don't use Scottrade. They won't let you trade penny stocks unless they have a quoted bid/ask and in some penny stocks they won't let you trade period. I use Ameitrade for my penny and micropenny stocks and have never had any problems.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
