BEND, Ore., March 13, 2012 (GLOBE NEWSWIRE) -- U.S. Rare Earth Minerals, Inc., (OTCQB:USMN) announced today that it has entered into a 10 year Master Distributor Agreement with J & K International, LLC to distribute the Company's full line of EXCELERITE™ products in select regions of Asia and Africa. "The decision to partner with J & K was made with a positive outlook on future large volume sales for USMN. J&K's success comes from established international business contacts, relationships, experience and expertise within those regions selling and marketing products for agricultural and animal uses and for human consumption. "The Agreement, to remain in force, requires a minimum of $8.5 million in gross sales orders over the next three years" stated Dennis Cullison, President of USMN. More information about J&K International, LLC can be found on USMN's website at www.us-rem.com.
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. Products of USMN consist of natural rare earth minerals for agricultural products as well as for animal and human consumption, all sold under the brand name EXCELERITE®. Customers of USMN include some of the world's most widely recognized companies that have well known consumer brands. USMN is headquartered in Bend, Oregon 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.