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UC Hub, Inc.: UC Hub Group, Inc. Signs Letter of Intent With Oil Company

^{Published on 2009-02-19 11:43:36, Last Modified on 2009-02-19 11:44:14 - Market Wire}
 

LOS ANGELES, CA--(Marketwire - February 19, 2009) - UC Hub Group, Inc. (OTCBB: [ UCHB ]) signs a Letter of Intent with Rector Drilling, an oil company with various wells and rigs in the state of Illinois. The Letter of Intent is set to develop certain wells and equipment establishing an oil and gas company. Management believes that energy and gold are important verticals in this unstable marketplace that will position the company for long term growth in the next decade. Management had this deal as a private opportunity but decided to put this in the public company for the shareholders and a potential upside. Parties from both companies have agreed to do an on-site review of such oil and gas properties next week in Illinois. More Formal Agreements are expected to follow.

Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of UC Hub Group, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.