USEI Cannabis Continues Development Efforts
February 10 2014 - 8:15AM
Marketwired
USEI Cannabis Continues Development Efforts
SANTA CLARITA, CA--(Marketwired - Feb 10, 2014) - USEI
CANNABIS INITIATIVES CORP, A WHOLLY OWNED SUBSIDIARY OF U.S.
ENERGY INITIATIVES CORPORATION, INC. (OTC Pink: USEI) USEI Cannabis
is pleased today to announced that the Company is continuing its
development efforts and making significant progress in executing
its business plan.
According to Anthony Miller, CEO, "USEI Cannabis, our
subsidiary, is making significant progress toward establishing
strategic partnerships with companies in the Hemp and Medical
Marijuana sectors. Last week, we had profitable meetings with a
number of product developers, and marketers of products and
services that we believe will become profitable enterprises.
"USEI Cannabis is definitely open for business... last week we
got new offices for the firm in Valencia, California and today we
have launched our new website (www.useicannabis.com); and this week
we have almost 10 meetings set to enhance this firm. I recognize
that this is not stellar news but, it is a great starting point.
Note: Many of the largest firms in this cannabis sector were in our
same position just 6 to12 months ago and today they are clicking on
all cylinders. Cannabis products, including medical marijuana,
are now permitted in about 20 states and the District of Columbia.
Recreational use is legal in Washington and Colorado and now one of
the largest states in the U.S. (New York) may pave the way for
medical marijuana usage this week (massively expanding our
industry's potential). Some experts estimate that our industry is a
$40 billion dollar industry with room to grow from there. We have
no plans for breaking any established laws; our goals are to create
only legal products and services in this burgeoning multi-billion
dollar industry."
"Management believes that USEI Cannabis will find its niche in
this sector... just like the Seattle Seahawks (2013 Super Bowl
winners) said... 'WHY NOT US.' Our goal is to continue to work hard
and build this business. Finally, we are working hard on financing
strategies to raise capital for this subsidiary (possibly through
private placements) these strategies do not include massive
dilutions of our stock. This is how the other firms grew to their
current state (and currently growing through acquisitions and
partnerships). Our industry is nowhere near maturity and our
opportunities are significant, we plan only on success. We hope
this press provides you with a clearer understanding of our vision
and progress," further commented Miller.
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 Web: www.useicannabis.com
US Energy Initiatives (CE) (USOTC:USEI)
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