|By Marketwired .||
|November 23, 2012 02:50 PM EST||
LAS VEGAS, NEVADA -- (Marketwire) -- 11/23/12 -- USA GRAPHITE INC. (OTCBB:USGT) or ("the Company") is pleased to announce it has appointed Mr. Wayne Y. Yamamoto as President and CEO of USA Graphite.
Mr. Yamamoto brings over 30 years of successful leadership and innovation in the area of commodities trading, development companies and corporate finance. Mr. Yamamoto was the President of Call/Recall, which is the first company to develop and patent terabyte optical storage technology. As the CTO of W&W, Mr. Yamamoto led a team to create the first interactive television system for the cable industry. At Quark, Mr. Yamamoto was a member of a 5-man executive management team that led Quark to worldwide expansion, while maintaining industry high profit margins. Mr. Yamamoto has also held executive positions or served as a board member of several startups including ResTech, Sierra Medical, Photonic Storage Systems, Clareos, Arbor Software, and Solutions Technology.
Since 1998, Mr. Yamamoto has been focused on investment banking and structuring financial transactions as the Managing Director of a private investment fund, a director for First Wall Street Capital and as an independent consultant with experience in international commodities trading (petroleum products and Iron Ore), technology, gaming, hospitality, entertainment and large commercial real estate development. Mr. Yamamoto has completed many large financial transactions with successful business growth including:
-- Public offerings -- Equity Capital - Raised capital for over 30 companies through private placements including PSS, Uniloc, Intel, Leap Frog, Tempest, ResTech, Tumbleweed, Clareos, Compliancy Group, S3i and Intel Corporation. -- Mergers and Acquisitions with Conoco-Phillips, Shell and ExxonMobil in the sale of over 2,800 retail locations, Acquisition of Times Square Stores for the Pritzker family of Chicago and the Schmidt Family of Germany. -- All stages of commercial real estate development financing while a director at First Wall Street Capital.
Mr. Yamamoto has also established a non-profit foundation called Digital Wave to bring computer science education to underprivileged kids of Hawaii.
-- Graphite is used in refractories - used to line high-temperature equipment; pencils; lithium-ion batteries - used in consumer electronics and electric vehicles, including the Nissan Leaf, Tesla Model S and others; fuel cells; and Pebble Bed nuclear reactors. It is used in foundries, lubricants and brake linings. -- Graphite is also used to produce graphene, a tightly packed single layer of carbon atoms that can be used to make inexpensive solar panels, powerful transistors, and even a wafer-thin tablet that could be the next-generation iPad(i) or iPod(i). -- Graphene, extremely light and strong, has been called the world's next wonder material. -- The closure of graphite mines in China, which produces 75% of the world's graphite, has resulted in a fall in global graphite production to 1.3 million tonnes per annum in 2011. Like rare earths, China is restricting the export of graphite to protect its own domestic industries. The second largest producer is India, followed by Brazil, North Korea, Austria and Canada. (i)trademarks of Apple Inc.
About USA Graphite:
USA Graphite is a publicly traded US exploration company focused on the acquisition, exploration and development of world-class graphite properties in North America. USA Graphite intends to become a domestic (US) graphite supplier. The USGS has reported that the USA has been a 100% net importer of graphite over the last 5 years, sending billions of dollars out of America. USA Graphite has holdings in Nevada, offering considerable potential for the discovery and development of large flake, high-grade graphite, whereby mineralization is exposed at surface and clearly evident at economic depths. For additional information please visit http://www.usa-graphite.com.
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Notice Regarding Forward Looking Statements -This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company's filings (10K, 10Q's, S-1 and others) with the Securities and Exchange Commission.
USA Graphite Inc.
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