Del Mar 5/6/2010 12:27:45 AM
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United States Oil and Gas Corp (PINKSHEETS: USOG), Alternative Energy Partners, Inc. (OTCBB:AEGY), Blue Sphere Corporation (OTCBB: BLSP), Cytta Corp's (OTCBB: CYCA), Doral Energy Corp. (OTCBB:DRLY)
United States Oil and Gas Corp (PINKSHEETS: USOG)
AUSTIN, TX, May 04, 2010 ----United States Oil and Gas Corp (PINKSHEETS: USOG), an oil and gas products, services and technology company, announced that it has filed a registration statement on Form 10 with the United States Securities and Exchange Commission in order to register its common stock pursuant to the Securities Exchange Act of 1934, as amended.
Chairman and CEO Alex Tawse commented, "The achievements already made this year include filing our registration statement, the additions to our Board of Directors and improvements in corporate governance. We believe that these strides are a necessary step to allow us to achieve our goals of having our common stock traded on a national securities exchange and consummating additional acquisitions."
While the Company has filed sufficient information for listing on the Pink Sheets, by voluntarily becoming a reporting company under the Securities Exchange Act of 1934, USOG is assuming the full obligation of SEC filing requirements.
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Alternative Energy Partners, Inc. (OTCBB:AEGY)
FT. LAUDERDALE, Fla., May 5, 2010 -- Alternative Energy Partners, Inc. (OTCBB:AEGY) announces that today it has closed on its acquisition of solar thermal energy producer Sunarias(TM) Corporation.
Sunarias(TM) (www.sunarias.com) provides on-site solar thermal energy production to power commercial buildings efficiently. The company is able to offer Power Purchase Agreements ("PPAs") to corporations, hospitals and other commercial entities.
In addition to promoting lower operating costs than those of traditional utilities, Sunarias(TM) systems may allow businesses to conveniently meet individual corporate missions or governmental energy reduction mandates such as CA AB32. Under AB32, California must reduce greenhouse gas emissions by 25 percent by 2020, returning them to 1990 levels. AB32 also requires the largest industrial sources to report and verify their greenhouse gas emissions. Regardless of whether they are formally required to do so, many local governments, companies and individuals are now taking actions to reduce their greenhouse gas emissions.
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Blue Sphere Corporation (OTCBB: BLSP)
LONDON--May 5--Blue Sphere Corporation (OTCBB: BLSP) (the "Company" or "Blue Sphere"), a company in the Cleantech sector as an Emission Reduction project integrator, is pleased to announce that the Company has executed a Mandate Letter with Aon Israel in which Aon Israel will use its best efforts to assist Blue Sphere in securing debt financing for its Projects and to provide risk mitigation, insurance consulting and advisory services to the Company.
Aon Israel insurance Brokerage Ltd is an affiliate of Aon Corporation. Aon Corporation is a leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its 36,000 professionals worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon Israel is positioned as the leading and largest international insurance brokerage in Israel.
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Cytta Corp's (OTCBB: CYCA)
SAN FRANCISCO, CA -- 05/05/10 -- Cytta Corp's (OTCBB: CYCA) CEO Mr. Stephen Spalding wishes to announce that Cytta is diligently continuing its discussions with several innovative technical and software-based organizations working to develop and implement the various elements which go into the current e-Health strategy as well as negotiations with providers interested in utilizing the model being embraced by the Company.
To aid the Company in it sobjectives it is pleased to announce that Dr. William Blase is also adding his considerable expertise to the Cytta Project by joining the Board of Advisors. Dr. Blase has had a distinguished career in all aspects of the medical profession, with a practice emphasis on Ophthalmology, a background in medical research, as well as administration and management issues of modern medical practice
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Doral Energy Corp. (OTCBB:DRLY)
MIDLAND, Texas, May 5, 2010 -- Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company") announced today that it has, with the approval of its Board of Directors, executed a binding Purchase Sale Agreement for the sale of all (100%) of Doral's interests in the Hanson Property oil and gas assets located in Eddy County, New Mexico to Alamo Resources, LLC ("Alamo Resources"), a private oil and gas company based in Houston, Texas. Total consideration for this transaction could reach $11.5 million, with $10 million payable at closing and an additional $1.5 million in incentive payments to Doral upon certain production milestones being met over the first 24 months. As part of the Purchase Sale Agreement, a non-refundable escrow deposit of $250,000 has been made in accordance with the terms mutually accepted by both parties. Closing is anticipated to occur on or before June 15, 2010 with a clause to extend the closing date to July 15, 2010 with an additional non-refundable escrow deposit of $250,000.
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