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UC Hub Group, Inc.: UC Hub Group Signs Letter of Intent for $1 Million in Funding With R&J Investments Ltd.

^{Published on 2009-08-20 12:26:23, Last Modified on 2009-08-20 12:26:26 - Market Wire}
 

LOS ANGELES, CA--(Marketwire - August 20, 2009) - UC Hub Group, Inc. (OTCBB: [ UCHB ]) announces the signing of a Letter of Intent for funding by R&J Investments Ltd. to fund the mining efforts of the company in Montana for Gold and Sapphires. As of this date all UC Hub's mining assets have been reduced to one mine in Montana making null and void any other mine site and or obligations/claims in order to focus on this project and the potential and varied revenue centers of sapphires, gold and other by-products. The CEO of UC Hub Group has continued over the past 30-60 days with expenses and a cautious approach to due diligence and risk management for the patient shareholders.

Management contracted, an independent historic mining company to review the Montana Gold and Sapphire Property and to pan some gold and sample some sapphires in the Jig on site. The results obtained were positive with photos related to the project have been posted on the web site. Concurrently, management also traveled to the site and reviewed, shot still photographs, and digital video of the Montana property which is partially exhibited on the company's website, [ www.uchub.net ].

Safe Harbor Provision

This news release includes forward-looking statements, including some 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 actual 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 the Company, 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, domestic and global economic fluctuations, and the like.