United Resource Holdings Group Inc Announces Acquisition Of Control of Noble Technologies Corp; Appoints Mr. Mark A. Kersey As President

United Resource Holdings Group Inc announced that URHG has acquired a control position in Noble Technologies Corp. (NTC), which operates a beneficiation facility that recovers precious metals from mineral ores and ore concentrates. The acquisition of NTC occurred on July 16, 2012 by URHG's private purchase of approximately 87% of the total issued and outstanding common stock of NTC. This acquisition was effected by a share for share exchange of common stock in the ratio of one URHG share for every three NTC shares and the new issuance of 53,150,515 shares of URHG common stock. Prior to the acquisition by URHG, NTC was a privately held company with no public market for its securities. URHG intends to operate NTC as a majority-owned subsidiary and report NTC's operations on a consolidated basis with URHG's financial statements. The newly elected Board of Directors of URHG held its annual meeting immediately following the annual meeting of shareholders of URHG on July 6, 2012, and appointed Mr. Mark A. Kersey As President.