USEI Cannabis to Begin Marketing Vape Pens to Expand the Company's Marketing and Expand the Real McCoy Brand
April 30 2014 - 7:00AM
Marketwired
USEI Cannabis to Begin Marketing Vape Pens to Expand the Company's
Marketing and Expand the Real McCoy Brand
SANTA CLARITA, CA--(Marketwired - Apr 30, 2014) - USEI CANNABIS
INITIATIVES CORP, A WHOLLY OWNED SUBSIDARY OF U.S. ENERGY
INITIATIVES CORPORATION, INC. (OTC Pink: USEI) (PINKSHEETS: USEI)
is pleased today to USEI Cannabis has reached an agreement in
principal to enter into a strategic partnership with two purveyors
of proprietary, high end Nicotine and Cannabis delivery systems and
accessories. We are very excited to be entering this space with
multiple partners whom we are confident will supply products with
the level of quality in vaping devices, Ejuice liquids, and
Cannabis that consumers are seeking. According to Wells Fargo,
which assiduously tracks the e-cig market, sales are expected to
hit $10 billion by 2017. That's still just a relatively small
percentage of the overall $100 billion tobacco industry, but with
triple-digit growth rates still in its future, e-cigs have the
potential to eventually surpass tobacco sales.
According to Anthony Miller CEO, "We believe these ventures will
allow USEI to be very competitive in this arena. The names of the
groups will be announced within the next 10 days after final terms
are completed along with websites of the products. These products
have proprietary elements to them, which we feel is an added
advantage over currently available products (these products will be
marketed in Colorado and to a nationwide market)."
According to an excerpt from a USA TODAY article dated March 17,
2014: "Just as e-cigarettes have transformed the business and
national debate over tobacco smoking, e-cig technology and vaping
are bringing major change to cannabis culture and business -- even
altering the way pot is packaged and sold in states where it is
legal for medical or recreational purposes. Steve DeAngelo, a
marijuana entrepreneur and activist who founded the Harborside
Health Center medical marijuana dispensary in Oakland, says the
arrival of compact, portable, microprocessor-controlled vaporizers
and advances in extracting active ingredients from cannabis plants
have caused a shift in consumer demand. Some dispensaries such as
his and many in Colorado, where recreational pot is legal, now do
roughly 50% of their business in raw marijuana leaf or flowers, and
the rest in edibles and concentrates, some prepackaged in
cartridges for use in vape pens," he says.
"We will continue to develop products for the Real McCoy brand
in the coming months; including some products targeted to growers
of cannabis. We have been actively developing our edibles, waxes,
extracts, topical, butter and candies and a few of those products
can be found on our website at
http://www.useicannabis.com/web/products/... We are a little behind
in getting them into the marketplace at the end of this month, but
we believe that they will get to market very soon. We are actively
working on a number of ventures in Colorado that to will be
announced in due time; and will also be ready when Washington state
opens this summer to do even better there. We have had a presence
in Washington for over 5 years and believe that USEI's business
there will be more on target. We have very ambitious goals and
objectives for USEI Cannabis and we believe that we will have a
very long presence in Colorado and Washington, and wherever
cannabis is legal. Our objective is to create a foundation here
that will be instrumental in our continued conquest to capture our
market-share and create viable products that meet our goals and
objectives for these markets. For more information regarding our
strategies it can be found on the company's website @
www.useicannabis.com/web/," further commented Miller.
About U.S. Energy Initiatives: U.S. Energy Initiatives
Corporation is a diverse (OTC Pink: USEI) (PINKSHEETS:
USEI) energy firm. 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 hemp to energy,
everything cannabis related and developing products and services
for the marketplace. 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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