SANTA CLARITA, Calif.,
July 30, 2012 /PRNewswire/
-- U.S. ENERGY INITIATIVES CORP (USEI.OTC) today
announces that it is ready to begin shipments of its fuel. The
product is branded Singular 96™.
According to Anthony Miller, CEO,
"our partnership has raised sufficient capital to begin shipments
of our fuel and we are scheduling to ramp- up shipments to 24 loads
per week, within 3 weeks to fulfill our existing contract (which
totals $150 million). U.S.
Energy Initiatives is the managing partner of the venture.
Singular 96™ is an enhanced energy feedstock blended with
methanol and gasoline. The product is manufactured in the United States and exported to Canada. The Environmental Canada's Oil, Gas
and Alternative Fuel Division (similar to the US EPA) has no
regulations prohibiting or limiting the use of methanol blends in
transportation fuels; our first client is a group of 20 Federated
Independent Stations (FIS) that are located outside of Montreal, Quebec. This is an amazing
milestone for USEI and we believe as a result of this business we
can become profitable before year-end." Additional information
regarding our progress will be released over the coming weeks;
further noted Miller.
About Singular: Singular 96™ is a fuel
product designed to replace the current formulation of gasoline.
The proprietary patent-pending gasoline replacement product was
developed over several years. The product is sold under the trade
name Singular 96™. The benefits of Singular 96™
include use in both Flex Fuel vehicles and vehicles that use
unleaded gasoline.
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 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 all of 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
