Tamarkin


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USCL Corporation capitalization from inception through 2011


USCL has been a privately funded company since its organization in May 1995

Initially, Tom & Emily Tamarkin capitalized the company with the direct infusion of $217,000 as invested paid in capital.

From 2000 through 2010 the company issued a yearly Regulation D, rule 504 or 505 private placement offering and associated memorandum.

As a practical matter the company raised no capital through new investors from 2008 onward due to the shift in the global economy.

From 2000 through FY 2010 the company raised a combined total of approximately $2.5 million from its various private placement offerings as shown in the financial statements at: http://tamarkin.us/sh/financial.php

Examples of the company Private Placement Offering Memorandums (PPOM) follow:

USCL PPOM 2003 
USCL PPOM 2004 
USCL PPOM 2005
 USCL PPOM 2006 
USCL PPOM 2007 
USCL PPOM 2008
 USCL PPOM 2009 
USCL PPOM 2010 

In 2007-2008, USCL attempted to complete a fifty Million USD, ABS bond offering through the ARCIS Trust in Spain represented by the Sacramento law firm of Michael Kessler. The bond offering circular was CUSIP and ISIN approved and listed. The bond was approved for trading through the Depository Trust Company or DTC. The bond circular and memorandum may be found at: http://energycite.com/docs/usclbondoff.pdf

Due to the shift in the worldwide financial outlook in 2008 and the resulting inability to obtain a Standard & Poor’s or Moody’s opinion, the bond offering was unsuccessful.  In order to raise operating capital during the period of bond preparation the company offered its existing shareholders an interest bearing syndicated bridge loan it styled as SBL. The company currently has approximately $275,000 in outstanding SBL obligations.

Given the fact that the SBL’s are significantly past due beyond the point of statutory limitation, management anticipates it will be able to negotiate settlements of all SBLs at mutually favorable terms between the firm and those shareholder/lenders.