U.S. Energy Initiatives Announces a 20% Stock Dividend and the Record Date Is November 15, 2013
November 12 2013 - 1:09PM
Marketwired
U.S. Energy Initiatives Announces a 20% Stock Dividend and the
Record Date Is November 15, 2013
SANTA CLARITA, CA--(Marketwired - Nov 12, 2013) - U.S. ENERGY
INITIATIVES CORPORATION INC (OTC Pink: USEI) is pleased to announce
today that FINRA HAS APPROVED a 20% restricted stock dividend for
all shareholders of record on the Company's record date, which is
this Friday November 15, 2013. The dividend will be added to the
shareholders' existing shares on the pay date, which is December 2,
2013.
All shareholders of record owning USEI common shares on November
15, 2013 shall receive a 20% dividend, which translates to 1 (one)
share of USEI common stock for every 5 (shares) shares held by such
shareholder. For example, if a shareholder owns 500,000 shares
of USEI common stock at the close of business on November 15, 2013,
that shareholder shall receive 100,000 additional shares of USEI
common stock, giving that shareholder a total of 600,000
shares.
According to Anthony Miller, CEO: "We have been working hard on
a number of new projects to bring added value to the Company and we
believe that U.S. Energy Initiatives has a bright future ahead.
This dividend and the increase in authorized preferred shares are
slated to be instrumental to our growth strategy. Management
believes that the preferred shares are the key to bring new value
and non dilutive financing to the Company and believes that its
current and contemplated strategic partnerships are key to
restoring this company to a prominent position in the energy
sector. We will continue with the revenue model (producing
biodiesel) we have previously released in introduce significant new
ventures in the coming weeks," commented Miller.
About U.S. Energy Initiatives U.S. Energy Initiatives
Corporation is a diverse (publicly traded Symbol: USEI) energy
firm, that has a long history of developing hybrid fuel systems.
Management's new goal is to develop new technologies and to build a
dynamic energy firm. From 2013-2014 U.S. Energy Initiatives will
center on the bio-fuels, then later its oil and gas technologies.
We have decided to take this path because it provides us with the
most successful path possible. We have formed joint ventures with
two (2) companies that have significant success in this field, and
these relationships are those that will fuel our growth. Our goal
here is to become an environmentally responsible energy firm,
marketing our products to a worldwide audience 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 info@usenergyinit.com
Website: www.usenergyinit.com
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