1137031--4/15/2008--UNITED_FUEL_&_ENERGY

related topics

{stock, price, share}

{control, financial, internal}

{acquisition, growth, future}

{operation, natural, condition}

{gas, price, oil}

{condition, economic, financial}

{stock, price, operating}

{financial, litigation, operation}

{personnel, key, retain}

{competitive, industry, competition}

{customer, product, revenue}

{debt, indebtedness, cash}

{cost, regulation, environmental}

Risks Related to Our Business We have reported recent losses and there can be no assurances of future profitability. We may be unable to successfully execute our acquisition strategy. to the pricing volatility of the petroleum markets. Sudden oil and gas price increases due to, among other things, our inability to obtain adequate quantities from our usual suppliers, may adversely affect our operating results. We are dependent on our executive officers and other key employees. Energy efficiency, general economic conditions and technology advances have affected and may continue to affect demand for our products and services by our customers We have a substantial amount of debt outstanding. We have very few written agreements with our customers. We are subject to operating hazards that could adversely affect our operating results to the extent not covered by insurance. Our growth could strain our personnel and infrastructure resources, and if we are unable to implement appropriate controls and procedures to manage our growth, we may not be able to successfully implement our business plan. We operate in a highly competitive industry and face competitors that may have greater resources or are more focused. The risk of terrorism and political unrest in the Middle East may adversely affect the economy and the price and availability of oil. Governmental regulation may adversely affect We are controlled by one major shareholder, whose interests may differ from other shareholders. We have determined that certain material weaknesses existed in our internal control over financial reporting including our disclosure controls and procedures, which, if not remedied effectively, could have an adverse effect on our business and result in further material misstatements in our consolidated financial statements in future periods. We face risks related to the restatement of our consolidated financial statements that could have a material adverse impact on our operations, including increased costs and an increased possibility of legal or regulatory proceedings. We may be exposed to potential risks from recent legislation requiring companies to evaluate internal controls under section 404 of the Sarbanes-Oxley act of 2002. Risks Related to our Common Stock Our common stock is quoted on the OTC bulletin board and could be subject to extreme volatility. Our common stock may not continue to be traded on the OTC Bulletin Board We may issue stock that could dilute shareholder ownership interest. We have not paid cash dividends on our common stock and it is unlikely that we will pay cash dividends in the foreseeable future. The application of the penny stock rules could adversely effect the market price of our common stock. Our common stock is highly illiquid and its price is volatile.

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1137031--4/15/2008--UNITED_FUEL_&_ENERGY_CORP