Houston, TX (PRWEB) March 10, 2006
US Energy Holdings, Inc. OTCBB:USEH (http://www.usenergyholdings.com) a brand new North American energy resource company emphasizing on oil and gas development, drilling and production today announced that, along with its recent name change, the company has received its new CUISP number and the symbol change from OTCBB:PBSS to OTCBB:USEH. The change is effective immediately..
Claude Eldridge, US Energy Holdings, Inc.’s new CEO stated, “US Energy Holdings, Inc. will begin production in virgin oil and gas-rich resources that have become viable development plays due to technological advances, drilling innovation and rising market prices.”
Tim Foust, US Energy Holdings, Inc.’s new President added “We will focus on acquiring long-life proven resources that offer an increase in current production on producing wells while beginning new production on acquired properties for sites located through new technology”.
US Energy Holdings Inc. invites its shareholders to participate in an upcoming conference call explaining the new direction and introducing the new management. The conference call time will be announced in the upcoming weeks.
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
Company Contact Information:
Tim Foust, President
US Energy Holdings Inc.
4606 FM 1960 W.
Houston, TX 77069
Office: (713) 429-5849
Fax: (281) 315-8863
For further information on Pitboss Entertainment or US Energy Holdings
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