GrowthStockPick.com Reports USOG See's Demand Rise
Online, May 25, 2010 (Newswire.com) - Carson City, NV-- United States Oil & Gas Corp (USOG), the growing oil and gas company has been hard at work in the beginning of 2010. With two subsidiaries under the belt and always on the lookout for growth, USOG seem to have set their path.
Recent audited results of subsidiary, United Oil, where released and stand as follows: Total assets as of December 31, 2009 were $437,997. A net loss of $135,000 on sales of $4.3 million were reported for the year then ended.
The financials aren't great but the company has seen demand escalate. Demand for its product, now sees the company exploring the viability of expanding its storage capacity. It is now seeing its sales exceeding supply at a high rate.
USOG first acquisition, Turnbull Oil, which had revenues of approximately $14 million in 2009, derives its revenue primarily from the distribution and sale of refined oil and gas products, such as diesel fuel, gasoline, and propane is also seeing growth with a new tanker added to its fleet.
USOG CEO Alex Tawse said, "We are pleased with the progress our team has made, and look forward to the benefits we expect from the synergies across business units."
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GrowthStockPick.com (www.growthstockpick.com) Reports on Stocks to Watch:
United States Oil & Gas Corp. (Other OTC: USOG), OMDA OIL & GAS INC (PINK:OOAG), Hi Score Corp. (OTCBB:HSCO), InternetArray Inc (OTCBB:INAR), Zevotek Inc. (OTCBB:ZVTK), IDO Security, Inc. (OTCBB:IDOI), Genoil Inc. (ADR) (OTCBB:GNOLF)
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Other Stocks to Watch:
OMDA OIL & GAS INC (PINK:OOAG)
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition
Hi Score Corp. (OTCBB:HSCO)
Hi Score Corporation is a leading supplier of eco-friendly lighting products in the Western Hemisphere. It offers its customers the fiscal and ecological practicality of utilizing safe, efficient, solid state green lighting rather than conventional fluorescent and incandescent bulbs.
InternetArray Inc (OTCBB:INAR)
InternetArray Inc, formerly U.S. Medsys, Corp., is a marketing and distribution organization, which provides medical technology, support services and healthcare delivery
Zevotek, Inc. (OTCBB:ZVTK)
Zevotek, Inc. is engaged in the direct marketing and distribution of consumer products. The Company's wholly owned subsidiary is Ionic Bulb.com, Inc (Ionic Bulb). Through its subsidiary, it markets and sells a range of home care and household products.
IDO Security, Inc. (OTCBB:IDOI)
IDO Security Inc. (IDO) is engaged in the design, development and marketing of devices for the homeland security and loss prevention markets that are intended for use in security screening procedures to detect metallic objects concealed on or in footwear, ankles and feet through the use of electro-magnetic fields.
Genoil Inc. (ADR) (OTCBB:GNOLF)
Genoil Inc. is a technology development company focused on providing solutions to the oil and gas industry through the use of technologies. Its business activities are directed towards the development and commercialization of its upgrader technology, which is designed to convert heavy crude oil into light synthetic crude
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