LAS VEGAS, April 8, 2015 (GLOBE NEWSWIRE) -- U.S. Rare Earth Minerals, Inc., (OTCQB:USMN) is pleased to announce that the Board of Directors has decided to defer filing a Form 15 as previously announced.
Mike Herod, President, stated, "The decision to postpone and possibly reject the Form 15 filing was made when the Board became aware of the company's current revenue and pending orders." He further said, "The transparency of a full reporting company is in everyone's best interest. We know the full reporting cost is high now, mainly because of our currently reported revenues, but this Board has vision of higher revenues to come. It appears that going non-reporting would not be in the best interest of the Company at this time."
U.S. Rare Earth Minerals, Inc.
U.S. Rare Earth Minerals, Inc. (USMN) is engaged in the sales and distribution of products derived from the Company's mining activities in Nevada relating to certain natural mineral deposits and other natural rare earth minerals. Products of USMN consist of natural minerals for animal consumption as well as agricultural products sold under the brand name EXCELERITE®. USMN is headquartered in Reno, Nevada and has executive offices in Las Vegas, Nevada. The company maintains a web site at: www.us-rem.com.
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of U.S. Rare Earth Minerals, Inc., and members of management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: USMN Contact Information Corporate Management Inquiries: email@example.com Production & Sales: firstname.lastname@example.org Press & Media: email@example.comSource:U.S. Rare Earth Minerals, Inc.