The Rosen Law Firm Files Class Action Against Houston American Energy Corp. -- HUSA

The Rosen Law Firm Files Class Action Against Houston American Energy Corp. -- HUSA  NEW YORK, May 12, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today announced that it has filed a class action lawsuit on behalf of investors who purchased the securities of Houston American Energy Corp. (NYSE Amex:HUSA) between March 29, 2010 and April 18, 2012.  To join the Houston American class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Laurence Rosen, Esq., toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or lrosen@rosenlegal.com for information on the class action.  The Complaint asserts violations of the federal securities laws against Houston American for failing to adequately disclose problems with its Tamandua #1 well, and the well's C7 and C9 formations. Namely, that the Company failed to disclose that: (i) the continued investment in testing and completing the C7 and C9 formations in Tamandua #1 well was unproductive and not commercially viable; (ii) the Company lacked adequate internal and financial controls; and (iii) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.  NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.  If you wish to serve as lead plaintiff, you must move the Court no later than June 26, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.  The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.  CONTACT: Laurence Rosen, Esq.          Phillip Kim, Esq.          The Rosen Law Firm P.A.          275 Madison Avenue, 34th Floor          New York, New York 10016          Tel:  (212) 686-1060          Weekends Tel: (917) 797-4425          Toll Free: 1-866-767-3653          Fax: (212) 202-3827          lrosen@rosenlegal.com          jhorne@rosenlegal.com          www.rosenlegal.com  
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