The company has scheduled a webcast for 10 a.m. Central time on Friday, September 11, 2009, to discuss the company's key financial results for the quarter. Frank Holmes, chief executive officer and chief investment officer, will be accompanied on the webcast by Susan McGee, president and general counsel, and Catherine Rademacher, chief financial officer.

In the fourth quarter of fiscal 2009, U.S. Global recorded net income of $1.0 million, or 6 cents per diluted share, on revenue of $6.5 million. This compares to net income of $0.3 million, or 2 cents per diluted share, on revenue of $5.0 million in the quarter ended March 31, 2009, and net income of $3.8 million, or 25 cents per diluted share, on revenue of $17.0 million in the quarter ended June 30, 2008.

"Our fiscal year 2009 can be divided into two parts -- nine months of global liquidation due to the banking crisis that accelerated a worldwide recession, followed by three months of healthy rebound in emerging markets and natural resources," says Mr. Holmes. "Most important is the sequential quarterly rebound in assets that had a positive impact on our earnings from operations and corporate investments. In our final quarter of the fiscal year, revenue was up 30 percent from the third quarter and our net income nearly tripled.

"After such a massive global liquidation and its accompanying damage, it will take time to see asset levels return to where they were a year ago," Mr. Holmes continues. "That said, emerging markets and natural resources should reflect stronger growth compared to other sectors due to government policies in emerging economies and their higher GDP growth rates. Most consumers in emerging economies are not saddled with the same debt burdens that are proving so difficult for people in developed nations -- emerging markets still largely operate on a cash-to-play basis rather than a credit-to play basis.

"U.S. Global has survived one of the greatest credit crises of the past century in better shape than many other financial companies," Mr. Holmes says. "Our balance sheets remain healthy with cash and investments, and we have no corporate debt. In addition, much of our compensation is aligned with asset levels and performance, so our cost structure is elastic."

For fiscal year 2009, U.S. Global reported a net loss of $2.2 million, or 15 cents per share, on revenue of $23.1 million.