USA Superior Energy Begins Delisting Process From Berlin Stock Exchange
* Reuters is not responsible for the content in this press release.
HOUSTON, TX, Jan 30 (MARKET WIRE) --
USA Superior Energy Holdings, Inc. (OTCBB: USSU) has begun the process of
removing its securities from trading on the Berlin Stock Exchange, immediately
and permanently. USA Superior believes that through a potential loophole
created by the dual listing of its shares on the Berlin Stock Exchange that
its shares have been subject to illegal "naked short selling." US Companies
with
their stock trading on the Berlin Exchange have attempted to prevent such
trading because it creates a potential for "naked short selling" that may
result in declining stock prices. Naked short selling can create declining
stock prices even with strong Company fundamentals because sellers are trading
in shares that they do not actually own or have access to through a loan of
shares from a broker.
The Company plans to continue its efforts to remove its stock from trading
on the
Berlin Stock Exchange until it is successful. The Company hopes that this
delisting will occur in the near future and will continue indefinitely.
ABOUT USA SUPERIOR ENERGY HOLDINGS, INC.
USA Superior Energy Holdings, Inc. is a company with excellent potential
focusing
on applying new technologies to oil and gas fields as well as other
industries. USA Superior is composed of a team of experts in their field,
highly qualified with over 200 man-years of oil and gas field experience; from
finding to drilling, well completion to operations and production, to problem
solving, seasoned with success. Environmentally concerned and responsible,
responsive to
project needs and specializing in special projects, USA Superior Energy's
focus has been on developing and utilizing complimentary technologies;
Nitrogen (N2) and cased hole horizontal drilling. USA Superior will seek to
use these technologies independently or in combination to exploit business
opportunities.
Nitrogen (N2) is used to force oil out of reservoirs. It can be applied to
existing reservoirs and wellbores, thus minimizing the risk of finding oil
and gas. Cased Hole Horizontal Drilling (CHHD) is a new emerging
technologythat can significantly increase the "communication" from the wellbore
to the
fluids in the reservoir. With the current price environment, many existing
marginal wells can be rejuvenated into very profitable wells. The corporate
website is www.usa-superior.com.
This news release contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Statements in this press
release which are not purely historical are forward-looking statements and
include any
statements regarding beliefs, plans, expectations or intentions regarding the
future. Actual results could differ from those projected in any forward-looking
statements due to numerous factors. These forward-looking statements are
made as of the date of this news release, and the company assumes no
obligation to update the forward-looking statements, or to update the reasons
why actual results could differ from those projected in the forward-looking
statements.Although we believe that the beliefs, plans, expectations and
intentions contained
in this press release are reasonable, there can be no assurance that such
beliefs,
plans, expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should also refer to
the risk factors disclosure outlined in our recent current reports on Form 8-K,
our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and
other periodic and current reports filed from time-to-time with the Securities
and Exchange Commission.
Contact:
First Financial News
Scott Crompton
561-929-0439
Email Contact
Copyright 2008, Market Wire, All rights reserved.
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