Los Angeles, CA, January 11, 2009 --(PR.com
)-- UC Hub Group Completes First Phase of Mining Title Due Diligence.
UC Hub Group Inc (OTC BB UCHB.OB-NEWS) per its recently announced formal asset acquisition of gold mining contracts continues to aggressively vet the said assets.
In their efforts for compliance with respect to due diligence in moving forward with the Wickenburg Arizona mining operations the company has done updates and submitted further due diligence procedures to perfect ownership of the gold mining claims.
UC HUB has conducted a thorough document check of public records to confirm the validity of the Vested Deed and Mining claim for the Wickenburg Arizona mining property. As a result of these efforts, UC Hub has received the recorded documents from their respected sources and has determined that both are without judgments or lien as of this date. UC Hub does not want to solicit any interest until the minimum due diligence is provided through proof of ownership, lien analysis, government land status and bona fide technical evidence of values. There are many parameters and risk factors with gold mines and each may potentially be a positive or a negative catalyst. The Company remains cautious.
Also, as of the week of January 12, 2008, UC Hub will have a TEAM onsite at the Wickenburg mine to survey, plot, sample, and prospect and document the mining claim in an effort to expedite the beginning of the expected mining/sampling process and validate representations on this property using longitude and latitude data bases along with various technical processes. Once this mining/sampling is reviewed and analyzed by various professionals, then the Company will determine the potential of submitting a larger scale Mining Operations Plan to the necessary regulatory groups. For sake of clarity, “Mining” is defined as extracting any ore from any area for review.
The above cautious actions are being completed to ensure that the shareholders might receive what was represented and this deal does not become a mine that is built on promotion and rhetoric, but in fact, is a performance mine. This is not to say or infer there will be any such success in any form.
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, 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.
CEO, UC HUB GROUP INC
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