USCorp Gold and Silver Mining Co. Announces 2004 Annual Report
LAS VEGAS
USCorp, Las Vegas
Robert Dultz, 702-933-4034
www.uscorpnv.com
USCorp (OTCBB: USCS) (Berlin UCP.BER) (WKN A0BLBB) announces that it has completed its 2004 annual report. The full report, with pictures, charts and maps is available in PDF format to download from the company's recently updated Web sites http://www.uscorpnv.com and http://www.uscorpnv.net. USCorp's most recent press releases, annual and quarterly financial statements as filed with the SEC can be accessed from the Web sites.
USCorp Chairman and CEO Robert Dultz stated, "The 2004 Annual Report shows our progress during the past year. We more than doubled the amount of acreage of our mining claims, primarily by adding the three properties we acquired in the Chocolate Mountain Region of the Mesquite Mining District of Imperial County, Calif. Important geological work was performed by Quantum GeoConsultants."
Other highlights from the year include the March 2004 participation of Dultz and Judith Ahrens, USCorp director for public relations, as an exhibitor at the INVEST 2004 conference in Stuttgart, Germany. This event launched USCorp's European campaign by providing news and information about USCorp to the German-speaking investment community and other interested European investors. 40,000 individual and institutional investors attended INVEST 2004. The company, Dultz and Ahrens were well received by visitors to the company's booth.
In early May 2004, during a two-week multicity whirlwind tour of European cities and financial centers, Dultz had a series of meetings with financial industry representatives in Munich, Frankfurt, Dusseldorf, Cologne, Berlin and Zurich. These meetings were with investment bankers, broker-dealers, financial publications, independent financial journalists, market and research analysts, investment advisors, fund managers, financial communications channels and related organizations. Some meetings were with individuals, others were with groups. While in Switzerland, Dultz spoke to several groups of investors and fund managers at special invitation-only events sponsored by private fund managers and investment bankers. Several relationships have been established and are ongoing that USCorp expects to expand and hopes to be mutually beneficial. As a result of these relationships, USCorp is discussing significant financial agreements with funding sources in Europe.
During the first week in June 2004, USCorp was an exhibitor at the New York Gold Show held in the Marriott Marquis Hotel on Times Square. The New York Gold Show was the first public event in the United States that USCorp sent representatives and consultants to participate in as exhibitors and sponsors. Also in June 2004 USCorp was a featured presenter at the Value Relations Stock Day Gala Dinner, at the Historic Opera House in Frankfurt, Germany.
USCorp made significant additions to its consulting support team: Quantum GeoConsultants and Glenn Martin, special representative and international agent on behalf of the company. Quantum representatives have visited our mineral properties in California and Arizona and have developed plans to complete test programs culminating in production. Martin has located and made contacts regarding acquiring up to $50 million in mining equipment under terms that will be very favorable to the company. He has also been negotiating with acquisition candidates regarding the company's development plans nationally and internationally.
Dultz concluded: "We are proud of our 2004 achievements. We made significant additions to our mining team and more than doubled the land area of our mining claims. We developed European sources for financing and added a significant number of shareholders from six European countries. The direction of the company continues toward accomplishing all of our goals which include acquiring existing and/or producing mining properties, increasing the company's mineral reserves, achieving commercial mineral production on one or more of our properties, producing revenues with profits and paying dividends."
Forward-Looking Statements
Statements contained in this release that are not historical facts are forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those discussed in "Risk Factors" in the company's Forms 10-KSB, Forms 10-QSB, 8-K and other filings with the U.S. Securities and Exchange Commission. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
