Natural Resources USA Corporation Announces First Profit

RIFLE, Colo., Oct 5 /PRNewswire-FirstCall/ -- Natural Resources USA Corporation, (OTC Bulletin Board: AALA), announced its first full year profit in its 2010 Annual Report on Form 10-K filed with the SEC last week.  The filing includes its audited financial results for the fiscal year ended June 30, 2010.

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The Company reported:  

• Gross Revenues of $21.98 million, a 10.8% increase on the prior year.  
• Net income of $1.27 million compared with a loss of $5.86 million in 2009.
• Cash on hand of $6.32 million compared with $4.50 million in 2009, a 45% increase.

Natural Resources' Chairman and CEO, Mr. Bill Gunn, stated, "As a result of recent restructuring events, as discussed in detail in the 10-K, our net shareholders' equity has increased by $92.7 million over the last two years to $41.0 million."  

"We now have a strong balance sheet that is nearly debt free.  We continue to seek growth opportunities and to improve our sodium bicarbonate operations, as outlined in the Annual Report.  We also want to develop our other assets including our extensive water rights.  We also have submitted an application for a Research, Development and Demonstration oil shale lease from the United States Bureau of Land Management," said Mr. Gunn.  

On June 30, 2010, the Company completed an exchange reorganisation with Sentient, its major shareholder, through which it acquired the 82% of Natural Soda Holdings it did not already own.  The above financial results reflect the effects of the completed reorganization that require the restatement of financial results since October 2008, when Sentient became the major shareholder of both the Company and Natural Soda Holdings, in accordance with US generally accepted accounting standards.  The 10-K is available on the company's website, www.naturalresourcescorp.com, at SEC filings.

Forward-Looking Statement

Natural Resources USA Corporation's future conduct depends on a number of factors beyond our control, so we cannot assure you we will be able to conduct Natural Resources USA Corporation's operations as we contemplate in this report.  This report contains various statements using the terms "may", "expect to", and other terms denoting future possibilities.  They are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  We cannot guarantee the accuracy of these statements as they are subject to a variety of risks beyond our ability to predict or control.  These risks may cause actual results to differ materially from the projections or estimates contained in this report.  These risks are discussed in our annual reports filed with the Securities and Exchange Commission.

SOURCE Natural Resources USA Corporation