FORT WORTH, TX – December 15, 2008 – Fort Worth based U.S. Growth Funds Corporation (USGF) announced today that it has recently been informed that former shares of USGF issued under its prior name KBK Capital Corp. (traded under the KBKC symbol, CUSIP number 482412103) are being traded despite only representing a right to payment of $0.75 per share. USGF deregistered its shares on October 22, 2002. In April of 2005, USGF effected a 1-for-5,000 reverse stock split entitling holders of less than 5,000 shares to the cash value of $0.75 per replaced share. Holders of 5,000 share increments were automatically converted to 1 share of USGFC stock (CUSIP 91202R204) per 5,000 shares of KBKC with any remaining fractional amounts being paid in cash value.
USGF has contacted the proper authorities about the trading. Holders of former KBKC shares are still entitled to the payment of $0.75 per share and can contact USGF at 2200 City Center II, 301 Commerce Street, Fort Worth, TX 76102 to obtain a transmittal letter pursuant to which a holder can surrender stock certificates in return for payment.
About U.S. Growth Funds Corporation:
U.S. Growth Funds (USGF) is a private equity firm and an equity investor in management and employee buyouts; invests in private equity sponsored buyouts, provides capital directly to private and small public companies. USGF provides capital to fund growth, acquisitions, going-private transactions and recapitalizations.
This press release contains forward-looking statements. The statements regarding expected results of U.S. Growth Funds Corporation are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional or national economic conditions, or changes in the conditions of the industries in which U.S. Growth Funds Corporation has made investments. |
