(Los Angeles, CA), October 21st, 2010- The gold and sapphire mine UC Hub owns in Montana is a tremendous asset and should be a large income producer for the company. All of the tests run so far have shown that the mine should be prolific in El Dorado Bar/Missouri River sapphires, some of the best sapphires in the world. The mine also appears to be well enriched with gold. In the company’s test run of the virgin soil (never been mined) there was approximately one ounce of gold extracted, possibly more, per 100 yards of dirt, and one half ounce to one and one half ounces of gold per 100 yards of dirt in the tailings (previously mined). This is very meaningful for the company and its shareholders and will potentially be very effective at helping the bottom line.
Through during the test run of the virgin soil the company was only looking for gold, the manager of the operation (mine) took a small sampling (2 ½ gallons) of the soil that was run through the wash plant to sift through for sapphire content. In sample,(one half of a 5 gallon paint bucket) the manager extracted 239 carats of sapphires and one of those sapphires was 13.3 carats. Missouri/El Dorado Bar sapphires that are large stones range in wholesale cut pricing from $600 per carat to several thousand dollars depending on the 4 Cs (carat, clarity, cut, and color). This is outstanding as the mine has produced multiple sapphires larger than 4 carats. In previous tests of the mines tailings there is an estimated 10 to 20 carats of sapphires to one yard of tailing material. Currently, there is an 484,000 cubic yards of tailings piled on top of the ground ready to mine. This mine is a very significant asset for the company contingent upon the tests and comparatives in the adjacent areas.
The company’s oil wells collectively are producing 6-10 barrels a day. In today’s market this makes them cost effective to run and operate. The well that is being drilled currently is getting ready to go on line. The well appears to have production potential in the range of 20 to 30 barrels a day; however, actual volumes cannot be defined until the well is pumping online. The driller did verify oil in 2-3 pay zones and is optimistic about other new wells on the 400 acre lease. With today’s oil prices this could be a very profitable oil well along with the potential of several offset wells in the future and the possibility of up to 20 wells on this lease.
Now that the above real assets are in place and the equipment purchased, former CEO Larry Wilcox has left the company for personal and health reasons. While new management is being reviewed the Board and Andy Mercer will be overseeing UC Hub Group’s day to day operations.
END
About UC Hub Group:
UC Hub Group is a publicly traded company founded in 1999. Its goal is to pursue merger and acquisition opportunities that will bring value to shareholders. It is currently involved in the oil, gemstone and precious metal industries.
This Shareholders’ Letter contains statements that constitute forward-looking statements made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements. Factors that may cause or contribute to such differences include, among other things, changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation, the impact of competitive products and services, competitive pricing, demand and market acceptance, changes in technology, reliance on key strategic alliances, availability of raw materials, fluctuations in operating results and other risk factors including, reliance on third parties. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor can it assess the effect of each such factor, especially from third parties, on the Company’s business or to the extent to which any such factor, or combination of factors, may cause actual results to differ materially from those contained in any forward- looking statement.
Contact:
Andy Mercer
Phone: 800-278-8870
info@uchub.net
http://uchub.net
Saturday, October 30, 2010
Monday, June 28, 2010
Succinct Overview/Notes – Gold Mines, Sapphires, and Oil Wells – UCHB.pk
June 23, 2010
UC HUB Shareholders:
Gold/Sapphires/Oil
Succinct Overview/Notes – Gold Mines, Sapphires, and Oil Wells – UCHB.pk
Mining – sorting, grading, pre forming - Cutting – Designing - manufacturing of jewelry – marketing and sales
We have now assembled a significant amount of “iron” with excavator; dump truck; front loader, trammels, conveyors, hoppers, trailers, fuel tanks, wash plants, etc. All of this equipment is the asset of the Company and was paid in Cash.
The Operations Company has received permitting for mining and has completed surveying, CAD drawings and various other regulatory issues. Equipment is on site and a water well will have to be drilled soon and we are in line with drilling company now.
Local Montana Bank Accounts have been set up; Pay Roll Company has been hired, vendors are in place for supplies and staff is in place (3-5 people).
The Company has bought certain production of sapphires from the Missouri River (El Dorado Bar) area and now has over 10,000 carats as of this date to kick start our efforts so we do not lose time. We have been given a price list that shows $600 per carat as wholesale pricing of good stones (AA and AAA) one carat or larger. The Company then paid an expert to grade and separate out the non-cuttables and divide these sapphires into various carat divisions from less than one carat up to 12 carats.
We then focused on cutters both domestic and international. We have had some large stones cut domestically for safety and we have had hundreds of smaller sapphires cut overseas and now have those beautiful gems are ready for the insert into a jewelry piece in the California manufacturing facility. The precious gems, once set in jewelry, offer us an anticipated order of magnitude of profit.
Next we began working with a designer and a manufacturer of silver, elite silver and gold jewelry. We spent many days at various locations and discussed vision of our Montana Sapphires, the All American Appeal of the jewelry with our American gold, our Elite Silver and the packaging. This has been a long process but is now in full motion. Designs have been drawn and casts are being made and the gold, elite silver and silver have been ordered. A Brooks Institute photographer was hired and shots have been made to show the beauty of the faceted Natural Sapphire from the USA. These digital photographs and logs are being assembled for review and integration for a web and mobile store.
We are also working with an inventory system for stones that would include and not be limited to carat weight, dimensions, clarity, color and perceived wholesale value, cost, and retail jewelry piece. This is a time intensive process and warrants measuring, weighing, photographing, grading and such for each stone.
The Company is now manufacturing a CAST of the various jewelry pieces so that we can insert each of the very individual Montana Sapphires into these unique pieces of jewelry. Once the CAST is done it will be a proprietary brand and we will own it in full. We also have set up a combination of precious metals to make these pieces with that are very unique.
OIL
The past two weeks the Company has been struggling with the loss of the drill bit and has not been able to recover it. As of this past week we had decided to abandon future depths and to frac the hole and make it a small producing well hoping for maybe 5 barrels a day. On Wednesday, June 23, 2010 the driller called and said that he was able to fish out the tools from the bottom of the hole. He was very excited about this turn in luck and is now ready to complete the hole to the Pennsylvania Pay Zone. We will report as we all hope for a success in this oil field on the 400 acre site which will determine future wells. The other oil field is pumping oil daily now. As you know, we had only ONE working well in the past and we now have 5 working and pumping wells.
Our trucking and distribution company sent the division paper work for all checks and so we anticipate revenue shortly from this company. Paper work has been signed and witnessed.
UC HUB Shareholders:
Gold/Sapphires/Oil
Succinct Overview/Notes – Gold Mines, Sapphires, and Oil Wells – UCHB.pk
Mining – sorting, grading, pre forming - Cutting – Designing - manufacturing of jewelry – marketing and sales
We have now assembled a significant amount of “iron” with excavator; dump truck; front loader, trammels, conveyors, hoppers, trailers, fuel tanks, wash plants, etc. All of this equipment is the asset of the Company and was paid in Cash.
The Operations Company has received permitting for mining and has completed surveying, CAD drawings and various other regulatory issues. Equipment is on site and a water well will have to be drilled soon and we are in line with drilling company now.
Local Montana Bank Accounts have been set up; Pay Roll Company has been hired, vendors are in place for supplies and staff is in place (3-5 people).
The Company has bought certain production of sapphires from the Missouri River (El Dorado Bar) area and now has over 10,000 carats as of this date to kick start our efforts so we do not lose time. We have been given a price list that shows $600 per carat as wholesale pricing of good stones (AA and AAA) one carat or larger. The Company then paid an expert to grade and separate out the non-cuttables and divide these sapphires into various carat divisions from less than one carat up to 12 carats.
We then focused on cutters both domestic and international. We have had some large stones cut domestically for safety and we have had hundreds of smaller sapphires cut overseas and now have those beautiful gems are ready for the insert into a jewelry piece in the California manufacturing facility. The precious gems, once set in jewelry, offer us an anticipated order of magnitude of profit.
Next we began working with a designer and a manufacturer of silver, elite silver and gold jewelry. We spent many days at various locations and discussed vision of our Montana Sapphires, the All American Appeal of the jewelry with our American gold, our Elite Silver and the packaging. This has been a long process but is now in full motion. Designs have been drawn and casts are being made and the gold, elite silver and silver have been ordered. A Brooks Institute photographer was hired and shots have been made to show the beauty of the faceted Natural Sapphire from the USA. These digital photographs and logs are being assembled for review and integration for a web and mobile store.
We are also working with an inventory system for stones that would include and not be limited to carat weight, dimensions, clarity, color and perceived wholesale value, cost, and retail jewelry piece. This is a time intensive process and warrants measuring, weighing, photographing, grading and such for each stone.
The Company is now manufacturing a CAST of the various jewelry pieces so that we can insert each of the very individual Montana Sapphires into these unique pieces of jewelry. Once the CAST is done it will be a proprietary brand and we will own it in full. We also have set up a combination of precious metals to make these pieces with that are very unique.
OIL
The past two weeks the Company has been struggling with the loss of the drill bit and has not been able to recover it. As of this past week we had decided to abandon future depths and to frac the hole and make it a small producing well hoping for maybe 5 barrels a day. On Wednesday, June 23, 2010 the driller called and said that he was able to fish out the tools from the bottom of the hole. He was very excited about this turn in luck and is now ready to complete the hole to the Pennsylvania Pay Zone. We will report as we all hope for a success in this oil field on the 400 acre site which will determine future wells. The other oil field is pumping oil daily now. As you know, we had only ONE working well in the past and we now have 5 working and pumping wells.
Our trucking and distribution company sent the division paper work for all checks and so we anticipate revenue shortly from this company. Paper work has been signed and witnessed.
Tuesday, May 25, 2010
UC Hub Reports on Progress at Oil and Gold Properties
Los Angeles, Ca – May 24, 2010 - UC Hub, Inc. (Pink Sheets: UCHB), a resource company focused on acquiring and developing revenue-producing assets, today released the following progress report on its active projects. The Company continues to acquire heavy equipment to be used in its gold and sapphire mining activities in Montana, while employees at the mine site continue to upgrade the infrastructure to prepare for the full-scale mining operations.. Through effective networking and good timing, the Company has been able to purchase most of the equipment at significant discounts to market prices. This is allowing the Company to proceed under budget toward our goal. We are also completing the required licensing of applicable vehicles through the Montana Department of Transportation as we go, to avoid unnecessary delays later.
With over $100,000 (at cost) worth of heavy equipment and parts already acquired and more under negotiation, we expect this phase of the launch strategy to complete shortly. Once operational, the Company will lease the equipment to a closely held operations company that will extract the resources exclusively for UC Hub.
Additionally, the Company continues to purchase significant amounts of steel, electrical components, motors, breakers, boxes, hoppers, conveyors, fuel and miscellaneous materials to complete the site upgrade and to comply with all code requirements. Simultaneously, permits through operating entities have been obtained, and Mine Safety & Health Administration (MSHA) training is now scheduled as we move forward with property upgrades.
Oil Properties
Within this week, the Company will have completed the first set of upgrades to our producing wells and expects to see an anticipated production increase to approximately 5 to 6 barrels a day. The final increase in anticipated production may be realized as the Company finishes drilling and engages the injection well. Additionally, our new Henderson drilling project has pushed through the hard rock and continues towards the potential Cypress pay-zone. Based upon the content of the mud recovered from the drilling process, we remain highly optimistic about the potential of this well.
UC Hub continues to pursue additional acquisitions and will disclose material progress as it occurs. The Company's website at www.uchub.net is expected to be updated regularly with photos documenting visible progress at our gold and sapphire sites in Montana and our oil wells in Illinois.
UC HUB GROUP, INC. is an acquisition-oriented company focused on recurring revenue and growth through a portfolio of producing oil and gas leases and proven mineral and gem properties throughout North America..
This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward- looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived therefrom and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
Contact:
Jordan Richard Associates LLC
Madeleine Franco – 702 256 4905
Larry Wilcox – info@uchub.net
1 800 278 8870
With over $100,000 (at cost) worth of heavy equipment and parts already acquired and more under negotiation, we expect this phase of the launch strategy to complete shortly. Once operational, the Company will lease the equipment to a closely held operations company that will extract the resources exclusively for UC Hub.
Additionally, the Company continues to purchase significant amounts of steel, electrical components, motors, breakers, boxes, hoppers, conveyors, fuel and miscellaneous materials to complete the site upgrade and to comply with all code requirements. Simultaneously, permits through operating entities have been obtained, and Mine Safety & Health Administration (MSHA) training is now scheduled as we move forward with property upgrades.
Oil Properties
Within this week, the Company will have completed the first set of upgrades to our producing wells and expects to see an anticipated production increase to approximately 5 to 6 barrels a day. The final increase in anticipated production may be realized as the Company finishes drilling and engages the injection well. Additionally, our new Henderson drilling project has pushed through the hard rock and continues towards the potential Cypress pay-zone. Based upon the content of the mud recovered from the drilling process, we remain highly optimistic about the potential of this well.
UC Hub continues to pursue additional acquisitions and will disclose material progress as it occurs. The Company's website at www.uchub.net is expected to be updated regularly with photos documenting visible progress at our gold and sapphire sites in Montana and our oil wells in Illinois.
UC HUB GROUP, INC. is an acquisition-oriented company focused on recurring revenue and growth through a portfolio of producing oil and gas leases and proven mineral and gem properties throughout North America..
This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward- looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived therefrom and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
Contact:
Jordan Richard Associates LLC
Madeleine Franco – 702 256 4905
Larry Wilcox – info@uchub.net
1 800 278 8870
Monday, May 17, 2010
UC Hub has acquired a $100,000 machine (CASE Front Loader)
UC Hub has acquired a $100,000 machine (CASE Front Loader) that is in excellent condition at an auction with part of monies advanced at a very discounted price.
Friday, May 14, 2010
UC Hub Obtains First Round in $1 Million Funding
UC Hub Obtains First Round in $1 Million Funding
and Prepares to Launch Mining Operations
and Prepares to Launch Mining Operations
Gold and Sapphire Revenues to Begin
Los Angeles, Ca – May 10, 2010 - UC Hub, Inc. (Pink Sheets: UCHB), a resource company focused on acquiring and developing revenue-producing assets, announced today that is has obtained the initial tranche from a $1 million funding agreement toward a launch of production at its gold and sapphire mine near Helena, Montana. The investment was negotiated with a private investor and involves the issuance of 3 million shares of common stock in addition to a 5.25% net royalty generated by the mine. The funds are being used to bring the mining property into regulatory compliance and to acquire the equipment necessary to begin effective extraction of gold and gem-quality sapphires.
UC Hub has agreements pending or in force with certain miners and gem entities to purchase all production from their mines. In recent months, the Company has accumulated over 5,000 carats of sapphires, which are now being cut and prepared for sale through one of several ready markets. Based upon industry wholesale pricing, which grades individual gems according to the size, the carats, cut and clarity, the price of these stones range from $600 to several thousand dollars per carat for Natural Montana Sapphires. The Company also has some placer gold (several ounces) and approximately $25,000 of additional cut sapphires for potential buyers whom are in discussions with the Company.
UC Hub is conducting research on properties in the area and is in the process of acquiring a site known for historic gold and sapphire production. When the purchase is finalized, the property will go through the applicable Montana permitting process. During the next several months, the remaining equipment will have been acquired and moved to the mine site, and our team will commence full-time mining operations. The initial crew has been hired and is on-site working on operational issues, cost analysis and production schedules. The rest of the experienced mining team will arrive when full production on the various properties is set to begin with the appropriate operations entity.
Commenting on recent developments, CEO Larry Wilcox said, “Finalizing the funding necessary to launch this mining operation was a critical milestone as UC Hub completes its transition from the ‘development stage’ into its revenue-generating, ‘emerging growth’ phase. We are particularly pleased we have accomplished this capitalization without significant dilution to our shareholders. We felt this was essential while our stock is still relatively unknown by the market.”
Wilcox said that he anticipates the Company will extract thousands of carats of sapphires monthly and that he is equally optimistic about the projected yield of gold, to be extracted simultaneously. He indicated that historically mines in the district produced $5 million in gold and 900,000 carats of sapphires annually when gold was $32 an ounce.
“The Company will consider this project a win when we meet our projections of $1-3 million annually in combined revenues from both sapphires and gold,” added Wilcox. “With spot gold having recently closed over $1,200 and oil at approximately $75 per barrel, we are excited about the potential represented in our several active properties, including our oil property in southern Illinois, all of which are gearing up for meaningful production,” he said.
UC HUB GROUP, INC. is an acquisition-oriented company focused on recurring revenue and growth through a portfolio of producing oil and gas leases and proven mineral and gem properties throughout North America.
Visit the Company’s web site at www.uchub.net.
This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward- looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived therefrom and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward- looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived therefrom and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Copies of these filings are available at www.sec.gov.
Contact:
Jordan Richard Associates LLC
Madeleine Franco – 702 256 4905
Larry Wilcox – info@uchub.net
1 800 278 8870
Jordan Richard Associates LLC
Madeleine Franco – 702 256 4905
Larry Wilcox – info@uchub.net
1 800 278 8870
Thursday, April 8, 2010
UC Hub Appoints Gem and Gold Industry Veteran to Board of Advisors,
UC Hub, Inc. (Pink Sheets: UCHB.PK) announced today that Yianni Melas, GIA (Gemology Institute of America) certified gem expert, and principals of Exotic Gems LLC (Los Angeles, Calif.) have joined UC Hub’s Board of Advisors.
GIA professor, international gem explorer and colored gem cutter and designer, Yianni Melas is well-known and trusted in the international world of gems, having worked in Burma, Vietnam, India, Pakistan, Botswana, Madagascar, Kenya and Zambia with and for some of the largest names in the gem industry. His principal job for a number of years was to discover and buy gem rough for high-end crystal jewelry manufacturing. To fulfill this role, he worked with sapphire mines in Nigeria and ruby mines in Madagascar and Burma. He later worked with one of the leading diamond manufacturers in Botswana during the developmental years of that nation’s now world-renowned diamond industry.
“I believe that my life’s experiences have led me to this place and time, and I am looking forward to working the management of UC HUB Group Inc., which impress me as people of uncommon integrity and vision,” said Melas. As of this date, Melas has arranged introductions for management to the major designers and distributors in New York City. He has also suggested that management travel to the Far East for meetings with some of the renowned leaders in colored gems who are part of his personal network.
The principals of Exotic Gems have a history of a well-established presence in the industry, with many years of experience with domestic and international buying, cutting and distribution of gems, together with substantial expertise in corporate operations and capitalization. The principals of Exotic Gems have agreed to assist with multiple areas of corporate development as UC Hub endeavors to establish itself in the gem industry. Exotic Gems and has already arranged meetings between UC Hub’s management and various gem cutters and distributors. Exotic Gems will serve as both a corporate consultant and a member of the Company’s Advisory Board.
This week the mining crew arrived at the Montana mine site and delivered the 1500 lbs. of plastic pond liner that conforms to environmental regulations for use to line the area which that will serve as a re-circulating pond. Construction of the pond is expected to begin the week of April 12. The Company’s mining crew is MSHA (Mining Safety and Health Association)-qualified, EMT qualified, and all are mechanics for heavy equipment and operations.
The Company also engaged the services of a local licensed geologist to assist with all facets and regulatory requirements.
UC HUB GROUP, INC. is an acquisition-oriented company focused on recurring revenue and growth through a portfolio of producing oil and gas leases and proven mineral and gem properties throughout North America. Visit the Company’s web site at www.uchub.net.
This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward- looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived therefrom and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
Contact:
Jordan Richard Associates LLC
Madeleine Franco – 702 256 4905
GIA professor, international gem explorer and colored gem cutter and designer, Yianni Melas is well-known and trusted in the international world of gems, having worked in Burma, Vietnam, India, Pakistan, Botswana, Madagascar, Kenya and Zambia with and for some of the largest names in the gem industry. His principal job for a number of years was to discover and buy gem rough for high-end crystal jewelry manufacturing. To fulfill this role, he worked with sapphire mines in Nigeria and ruby mines in Madagascar and Burma. He later worked with one of the leading diamond manufacturers in Botswana during the developmental years of that nation’s now world-renowned diamond industry.
“I believe that my life’s experiences have led me to this place and time, and I am looking forward to working the management of UC HUB Group Inc., which impress me as people of uncommon integrity and vision,” said Melas. As of this date, Melas has arranged introductions for management to the major designers and distributors in New York City. He has also suggested that management travel to the Far East for meetings with some of the renowned leaders in colored gems who are part of his personal network.
The principals of Exotic Gems have a history of a well-established presence in the industry, with many years of experience with domestic and international buying, cutting and distribution of gems, together with substantial expertise in corporate operations and capitalization. The principals of Exotic Gems have agreed to assist with multiple areas of corporate development as UC Hub endeavors to establish itself in the gem industry. Exotic Gems and has already arranged meetings between UC Hub’s management and various gem cutters and distributors. Exotic Gems will serve as both a corporate consultant and a member of the Company’s Advisory Board.
This week the mining crew arrived at the Montana mine site and delivered the 1500 lbs. of plastic pond liner that conforms to environmental regulations for use to line the area which that will serve as a re-circulating pond. Construction of the pond is expected to begin the week of April 12. The Company’s mining crew is MSHA (Mining Safety and Health Association)-qualified, EMT qualified, and all are mechanics for heavy equipment and operations.
The Company also engaged the services of a local licensed geologist to assist with all facets and regulatory requirements.
UC HUB GROUP, INC. is an acquisition-oriented company focused on recurring revenue and growth through a portfolio of producing oil and gas leases and proven mineral and gem properties throughout North America. Visit the Company’s web site at www.uchub.net.
This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward- looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived therefrom and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
Contact:
Jordan Richard Associates LLC
Madeleine Franco – 702 256 4905
Tuesday, March 9, 2010
Oil and Gas Industry Veteran Jim Dunkelberg Joins UC Hub Board of Advisors
Oil and Gas Industry Veteran Jim Dunkelberg Joins UC Hub Board of Advisors
UC Hub, Inc. (Pink Sheets: UCHB.PK) announced today that oil and gas industry veteran Jim Dunkelberg has joined the Company’s board of advisors. Dunkelberg has over 20 years of experience in all phases of oil and gas exploration. His main focus has been joint venture partner program development and management. Additional industry-specific experience includes exploration, seismic consortiums, oil and gas leasing and optioning, acquisitions, reservoir mapping & modeling, petrophysics and 3D and 4D multi-component seismic operations.
Throughout his career, Dunkelberg’s focus has been on identification, development and implementation of new technologies to enhance exploration effectiveness, increase reservoir recovery, improve field operation efficiencies and lower CAPX (capital expenditures) and OPEX (operating expenditures). His recent focus is on commercializing patented and patent- pending steam and surface mining technologies specifically for heavy oil and bitumen recovery. Jim also has patented and patent-pending source technologies for generation, processing and interpretation of 9C (9-component) 3D, multi-component seismic data for enhanced reservoir and exploration mapping. He has consulted for some of the largest exploration companies in the world, including international and multinational oil and gas enterprises, both public and private, and he serves as a consultant to several financial services institutions with emphasis on oil and gas exploration and production technologies.
Dunkelberg is director and CEO of Canadian Hydrothermal Recovery Technologies, Inc. and director and general manager of Shear Wave Exploration Partners, LLC. He has a degree in geology with a minor in chemistry and has twice been a research fellow in a directed research project at the University of Texas, Bureau of Economic Geology, in the Elastic Wavefield Laboratory.
Dunkelberg stated, “I am very pleased to join UC Hub and offer my guidance and expertise. I have personally witnessed Larry’s tenacious efforts to get things done, coupled with his never- give-up attitude over the past two years, and I think this Company is poised for growth. "These are exciting times, and the properties that the Company currently has in its inventory appear to have good upside potential."
“UC HUB Group, Inc. welcomes the expertise of Mr. Dunkelberg, and looks forward to his advice on maximizing output and reserves on our Illinois oil fields,” said CEO Larry Wilcox. Wilcox said that the Company’s plans include Mr. Dunkelberg’s oversight of the drilling of new wells and reworking of some existing wells using new and unique technologies. “These technologies have the potential to be a major economic differentiator for the UC Hub Group properties, including oil, gas and mining, and the basis for an outstanding business model to accelerate cash flow and profitability,” Wilcox added.
UC HUB GROUP, INC. is an acquisition-oriented company focused on recurring revenue and growth through a portfolio of producing oil and gas leases and proven mineral and gem properties throughout North America. Visit the Company’s web site at www.uchub.net.
Safe Harbor Provisions
This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward- looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived therefrom and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
Contact:
Jordan Richard Associates LLC
Madeline Franco – 702 256 4905
Larry Wilcox – info@uchub.net
1 800 278 8870
UC Hub, Inc. (Pink Sheets: UCHB.PK) announced today that oil and gas industry veteran Jim Dunkelberg has joined the Company’s board of advisors. Dunkelberg has over 20 years of experience in all phases of oil and gas exploration. His main focus has been joint venture partner program development and management. Additional industry-specific experience includes exploration, seismic consortiums, oil and gas leasing and optioning, acquisitions, reservoir mapping & modeling, petrophysics and 3D and 4D multi-component seismic operations.
Throughout his career, Dunkelberg’s focus has been on identification, development and implementation of new technologies to enhance exploration effectiveness, increase reservoir recovery, improve field operation efficiencies and lower CAPX (capital expenditures) and OPEX (operating expenditures). His recent focus is on commercializing patented and patent- pending steam and surface mining technologies specifically for heavy oil and bitumen recovery. Jim also has patented and patent-pending source technologies for generation, processing and interpretation of 9C (9-component) 3D, multi-component seismic data for enhanced reservoir and exploration mapping. He has consulted for some of the largest exploration companies in the world, including international and multinational oil and gas enterprises, both public and private, and he serves as a consultant to several financial services institutions with emphasis on oil and gas exploration and production technologies.
Dunkelberg is director and CEO of Canadian Hydrothermal Recovery Technologies, Inc. and director and general manager of Shear Wave Exploration Partners, LLC. He has a degree in geology with a minor in chemistry and has twice been a research fellow in a directed research project at the University of Texas, Bureau of Economic Geology, in the Elastic Wavefield Laboratory.
Dunkelberg stated, “I am very pleased to join UC Hub and offer my guidance and expertise. I have personally witnessed Larry’s tenacious efforts to get things done, coupled with his never- give-up attitude over the past two years, and I think this Company is poised for growth. "These are exciting times, and the properties that the Company currently has in its inventory appear to have good upside potential."
“UC HUB Group, Inc. welcomes the expertise of Mr. Dunkelberg, and looks forward to his advice on maximizing output and reserves on our Illinois oil fields,” said CEO Larry Wilcox. Wilcox said that the Company’s plans include Mr. Dunkelberg’s oversight of the drilling of new wells and reworking of some existing wells using new and unique technologies. “These technologies have the potential to be a major economic differentiator for the UC Hub Group properties, including oil, gas and mining, and the basis for an outstanding business model to accelerate cash flow and profitability,” Wilcox added.
UC HUB GROUP, INC. is an acquisition-oriented company focused on recurring revenue and growth through a portfolio of producing oil and gas leases and proven mineral and gem properties throughout North America. Visit the Company’s web site at www.uchub.net.
Safe Harbor Provisions
This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward- looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived therefrom and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
Contact:
Jordan Richard Associates LLC
Madeline Franco – 702 256 4905
Larry Wilcox – info@uchub.net
1 800 278 8870
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