SANTA CLARITA, Calif.,
April 3, 2013 /PRNewswire/
-- U.S. ENERGY INITIATIVES (OTCPink: USEI) is pleased
today to announce that Financial Industry Regulatory Authority
("FINRA") has approved its name change to U.S. ENERGY
INITIATIVES CORPORATION INC. FINRA announced yesterday that,
"This corporate action will take effect at the open of business
today 4-3-2013." Along with this name change there was a
domicile change, there was No CUSIP change, No reverse split done
or contemplated, No exchange of certificates or Symbol
change.
According to Anthony Miller,
CEO, "the Management of USEI believes that this was a very
necessary step to protect our business opportunities. Over the last
30 days this identity thief issue has been our focus; and with this
behind us, we can now move forward to grow our business. In the
coming weeks we believe that everyone shall see a 'transformative
change' in our company as we begin to work with our strategic
partners to build our core biofuel business. The swiftly growing
biodiesel industry has robust growth potential and the demand for
biodiesel is substantial not only in the private sector but also by
federal and state agencies. We believe that the direction that the
Company has taken will yield in great results for our Shareholders
and Investors. The Federal subsides approved by the U.S. Congress
of $1.00 per gallon of biodiesel
produced, provides us with assurance of profitability. Our partners
have significant biofuel production right now with projections of
producing millions of gallons this year; our goal is to join them
in the next few weeks."
About U.S. Energy Initiatives
U.S. Energy Initiatives
Corporation is a diverse energy firm that has a long
history of developing automotive and hybrid fuel systems and
technologies. This firm first started in 1996 and has had a long
successful business history of developing its business strategies.
Management's new goal is to develop its new and old technologies
and to build a dynamic energy firm. The Company has three
separate energy initiatives; one in the oil, gas &
technology sector (brought in by Mr. Miller), one in the hybrid
fuel or bio-fuel sector and one in the automotive sector. Our
immediate goal is to develop our bio-fuel opportunities and going
forward our goal is to 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. Our overall goal is to become an
environmentally responsible energy company; utilizing all methods
available to generate income. 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 USEI'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, Inc.
