USEI to Enter the Hemp and Medical Marijuana Sector
February 03 2014 - 8:15AM
Marketwired
USEI to Enter the Hemp and Medical Marijuana Sector
SANTA CLARITA, CA--(Marketwired - Feb 3, 2014) - U.S. ENERGY
INITIATIVES CORPORATION, INC. (OTC Pink: USEI) is pleased to
announce today that the Company has decided to enter the Medical
Marijuana and Hemp industries to capitalize on opportunities and
relationships it has in the sector. The Company has already begun
forming a subsidiary called USEI Cannabis Initiatives Corp and will
develop the website for the Company and the web address will be
www.useicannabis.com.
According to Anthony Miller, CEO, "We have extensive
relationships with legal growers, dispensaries, product developers,
marketers, patent holders and other professionals in this industry;
and we believe that it is necessary that we develop these
relationships and opportunities. The Medical Marijuana industry is
growing at an extremely rapid rate and this emerging growth
industry seems to have growth potential that will continue to grow
for years to come. As other states legalize the use and sale of
products and services for this industry, we plan to find our niche
and opportunities. Management thinks this is just sound business
for USEI. Our goal is strategically plan to make our Cannabis
subsidiary as a very lucrative division of USEI and develop our own
proprietary products and services."
Further commented Miller: "Please note that we are not
abandoning our core biodiesel business because Hemp too is an
integral part of our business. Hemp is the legally grown,
non-intoxicating cousin of the Marijuana species and it is an
excellent feed-stock for producing biodiesel (check out these links
and a host of others that we will place on our website:
http://www.hemp.com/hemp-education/uses-of-hemp/hemp-fuel/;
http://www.hemp.com/hemp-education/uses-of-hemp/hemp-fuel/making-hemp-biodiesel/;
http://www.cannabisculture.com/content/2014/01/31/US-Farm-Bill-Allows-Hemp-Farming-10-States).
The technology that we use for making smaller batches of biodiesel
can also be modified and translated into making Hemp oil and
Cannabis oil. This oil can be refined as medical grade for
additives into many consumer products. With this addition and new
focus, we believe that we will add significant value to our
company's business aspirations and vision. Finally, we believe that
this decision by Management will produce value in the short term,
and continue to reap rewards for years going forward."
About U.S. Energy Initiatives: U.S. Energy Initiatives
Corporation is a diverse (OTC Pink: USEI) energy firm, that has a
long history of developing hybrid fuel systems. This firm started
in 1996 and has had a long successful business history of
developing its business strategies. Management's new goal is to
develop its old and new technologies and to build a dynamic and
diverse firm. From 2014-2015 U.S. Energy Initiatives will center on
the bio-fuels, Medical Marijuana and Hemp for developing products
and services. Our goal here is to become an environmentally
responsible 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: U.S. Energy Initiatives Corporation, Inc. Investor
Relations Ph: 866 922-1116 Email:
info@usenergyinit.com Web: www.usenergyinit.com
US Energy Initiatives (CE) (USOTC:USEI)
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