| Business Summary | | United
Heritage
Corporation
operates
its
business
through
its
wholly
owned
subsidiaries,
National
Heritage
Sales
Corporation
(National),
UHC
Petroleum
Corporation
(Petroleum),
UHC
Petroleum
Services
Corporation
(Services),
and
UHC
New
Mexico
Corporation
(New
Mexico).
Through
National,
the
Company
engages
in
operations
in
the
meat
industry,
by
supplying
meat
products
to
grocery
store
chains
for
retail
sale
to
consumers.
The
Company's
other
subsidiaries
are
engaged
in
activities
related
to
the
oil
and
gas
industry.
Petroleum
is
the
holder
of
oil
and
gas
interests
in
South
Texas
that
produce
from
the
Val
Verde
Basin.
New
Mexico
holds
properties
in
the
southeastern
New
Mexico
portion
of
the
Permian
Basin. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | United
Heritage
Corp.,
is
an
oil
and
gas
exploration
company
which
has
10,500
leasehold
acres
in
South
Texas
and
20,000
acres
in
eastern
NM.
UHCP
funds
their
explorations
through
beef
sales.
For
the
three
months
ended
6/30/01,
revenues
rose
69%
to
$452
thousand.
Net
loss
fell
9%
to
$227
thousand.
Revenues
reflect
increased
oil
and
gas
produced
and
sold.
Lower
loss
was
partially
offset
by
increased
oil
and
gas
production
costs
and
decreased
margin
for
meat
products. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Walter Mize, 63 | Chairman,
Pres and CEO | Harold Gilliam, 55 | CFO,
Sec., Treasurer, Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|