Exhibit 99.1

 

Contact:

Susan Filyk

Public Relations

210.308.1286

sfilyk@usfunds.com

 

June Falks

Public Relations

210.308.1202

jfalks@usfunds.com

  LOGO

For Immediate Release

U.S. Global Investors Reports Results for Fiscal Year 2012

Strengthens Marketing Strategy for Growth in a Volatile Environment

************************************************************************

SAN ANTONIO–August 29, 2012

U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm specializing in natural resources and emerging markets, today recorded net income of $1.5 million, or 10 cents per share, on revenues of $23.85 million for the fiscal year 2012. In the fourth quarter of fiscal year 2012, the company had a net loss of $115,604, or (0.01) cent per share, on revenues of $4.6 million.

For the fiscal year 2011, U.S. Global recorded net income of $7.8 million, or 51 cents per share, on revenues of $41.93 million.

During the fiscal year of 2012, average assets under management were $2.06 billion, compared to $2.82 billion in fiscal 2011. Assets under management at period end stood at $1.62 billion. As of June 30, 2011, assets under management were $2.60 billion.

U.S. Global was not the only asset management firm affected by the exodus out of money and equity funds. According to ICI data, the mutual fund industry has experienced a steady flow of redemptions by investors from equity funds to bond funds. In fact, over the past fiscal year, $171 billion was redeemed from all U.S. equity funds.

“Even though redemptions have been significant, we have strengthened our sales and marketing strategy, expanded our institutional sales team and enhanced technology. At the same time, we have lowered our general and administrative expenses,” says Frank Holmes, CEO of U.S. Global Investors.

“This positions us to take advantage of the greater opportunities we see today, both domestically and globally. For example, the Global Emerging Markets Fund’s portfolio of emerging markets small-cap stocks currently trade at 6 times earnings, have a dividend yield of 4.7 percent, and have revenues growing more than 40 percent. These valuations compare favorably to those of the S&P 500 Index, which trade at 14 times earnings, pay a dividend yield of 2 percent, and grow at 7 percent,” says Holmes. “In addition, many emerging countries are making a concerted effort to strengthen their economies compared to this time last year.”


The following information was filed by U S Global Investors Inc (GROW) on Thursday, August 30, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate U S Global Investors Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by U S Global Investors Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

FREE Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account