USCorp and its Wholly Owned Subsidiaries, USMetals, Inc. and Southwest Resource Development, Inc.

The following has been excerpted from our most recent filings with the Securities and Exchange Commission

A Brief History of the Company

USCorp was formed in May 1989 in the state of Nevada as The Movie Greats Network, Inc. The Company changed ownership and in January 2002 changed its name to USCorp.

In April 2002, the Company acquired US Metals, Inc. (“USMetals”), a Nevada corporation, by issuing 24,200,000 shares of Company Common Stock. US Metals became a wholly owned subsidiary of the Company.

OVERVIEW

All of the Company’s mining business activities are conducted at this time through its subsidiaries, USMetals, Inc. and Southwest Resource Development, Inc. USCorp is an “exploration stage” company. The Company’s operations center on completing exploration of USMetals’ mining property known as the Twin Peaks Mine, and Southwest’s mining properties known collectively as the Chocolate Mountain Region claims. The Company has realized no revenues from operations to date.
  
The Company, through its wholly-owned subsidiary, USMetals, owns 141 Lode Mining Claims in the Eureka Mining District of Yavapai County, Arizona, called the Twin Peaks Mine; and through its wholly-owned subsidiary, Southwest Resource Development, Inc., owns 8 Lode and 21 Placer Claims and an additional 64 Lode Claims some bearing Pink Rhyolite (decorative rock) and gold, in the Mesquite Mining District of Imperial County, California which the Company refers to collectively as the Chocolate Mountain Region Claims.

Management Plans

• Raise capital to complete the company’s mining plan of operations for each of its properties.
• Complete exploration and drilling on claims of the Twin Peaks Mine and Chocolate Mountain Region Claims.
• Complete testing operations on all properties.
• Complete reports and feasibility studies on the Twin Peaks Mine and Chocolate Mountain Region Claims.
• Bring the Twin Peaks Mine and Chocolate Mountain Region Claims to full-scale commercial mining.
• Complete approval process and begin operations extracting Picacho area deposit of pink Rhyolite as decorative rock.
• Obtain a credit facility based in part on the value of its proven reserves when necessary and if appropriate given market conditions.

As a result of these plans, management believes that it will generate sufficient cash flows to meet its current obligations.

Mission Statement
To Thoroughly explore our mineral bearing properties and to bring them to production; To acquire, explore and develop other promising properties and companies that own such properties; To develop a strong, stable company that is able to pay dividends from revenue producing assets.

 Click the links below for stock information: