8-K 1 usrtech8k062708.htm USR TECHNOLOGY, INC. FORM 8-K JUNE 27, 2008 usrtech8k062708.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
    Date of Report (Date of earliest event reported)
                 June 27, 2008                  

USR Technology, Inc.
(Exact name of registrant as specified in its charter)

Nevada
333-139045
26-1875304
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

20333 State Highway 249, Suite 200, Houston, Texas
77070
(Address of principal executive offices)
(Zip Code)

          Registrant’s telephone number, including area code
                    (281) 378-8029                 

N/A
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

Item 7.01
Regulation FD Disclosure

On June 27, 2008, we entered into a letter of intent with Hydrocarbon Resources Development Co. (P) Ltd. (HRD)  pursuant to which we have agreed to negotiate a definitive agreement for the acquisition from HRD of certain assets of HRD valued at US$1,127,342.  Consideration for the acquisition will be by way of issuance of 1,127,342 restricted shares of our company, at a deemed value of $1.00 per share.

The assets being acquired from HRD comprise of a variety of drilling equipment including downhole well testing units and mud logging units and a precision specialty equipment and tubulars manufacturing and machining facility located in Mumbai, India.
 
The acquisition from HRD is subject to completion of a definitive agreement.
 
 
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


USR TECHNOLOGY, INC.


_________________________
J. David LaPrade
President
 
Date July 10, 2008
 
 
 
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