SANTA CLARITA, Calif.,
June 14, 2012 /PRNewswire/
-- U.S. ENERGY INITIATIVES CORP (PINKSHEETS: USEI)
previously announced a Joint Venture with Bulova Tech Labs
("Bulova") to distribute a 96 Octane gasoline replacement fuel
priced below the local prevailing price for regular grade 87 Octane
gasoline. The product is branded Singular 96™.
Bulova completed an initial sales test on 800 vehicles.
Currently, USEI is completing a logistics solution to support a
Federation of twenty (20) stations in the same local geographic
area. The stations are located in Canada and the feedstock(s) and materials are
exported from the U.S. The date of availability of Singular
96™ will be announced when we complete the logistics solution for
continuous supply of our product.
The benefits of Singular 96™ include use in both Flex Fuel
vehicles and vehicles that use unleaded gasoline. Singular 96™
can produce superior mileage in unleaded gasoline fueled
cars. The results also show that Singular 96™ produces equal
mileage to the mileage of regular unleaded gasoline in a Flex Fuel
vehicle whereas E-85 produced lower mileage to the mileage of
regular gasoline. These benefits result from the
proprietary and patent pending ingredients in
Singular 96™.
According to Anthony Miller, CEO,
"Singular 96™ is 'A Universal Fuel™' because it replaces all
grades of unleaded gasoline and also E-85."
About U.S. Energy Initiatives
The Company has two separate energy initiatives; one in the
automotive sector and one in the oil, gas & technology
sector.
We will continue to develop and market our automotive
technologies which we have done since 1996; and focus on marketing
GREEN retrofit systems for the conversion of gasoline and diesel
engines, and market our new Singular 96™ hybrid fuels.
We will also acquire and develop stranded or un-recovered oil
properties for enhanced oil production, create partnerships with
operators, create strategic alliances for primary and secondary
recovery, and partner with farm-ins on properties where technology
will be utilized to improve recovery efforts. Our goal here is to
become an environmentally responsible oil and gas company;
utilizing all methods available to improve oil recovery.
We will market our products to a worldwide market to produce
significant revenue and add value for our shareholders.
DISCLOSURES: "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995: This press release may
contains forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other risks
detailed from time to time in the Company's filings with
OTCMarkets.com and as required to the Securities and Exchange
Commission. These risks could cause AM Oil's actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of, the Company.
Contact: Investor Relations
866.922-1116 or info@usenergyinit.com
Website: www.usenergyinit.com
SOURCE U.S. Energy Initiatives Corp
