SmallCapNewsRelease: (OTC: USOG) Profitable For First Quarter 2010
JERICHO, NY--(SmallCapNewsRelease)--June 1st, 2010, United States Oil and Gas Corp (OTC: USOG) announced today that they posted a gross profit of $737,000 for the first quarter of 2010.
United States Oil and Gas two wholly owned subsidiaries Turnbull Oil, acquired in May 2009 and United Oil & Gas, acquired January 2010 posted a net income of $137,000 for the first quarter on revenues of $5.6 million.
Cash reported at the end of the quarter was $503,000 with total assets of $6.7 million.
To view the entire press release, please visit http://finance.yahoo.com/news/United-States-Oil-and-Gas-iw-3633593470.html?x=0&.v=1
For more information on USOG please visit www.stocksource.us/focus-stock.html
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