U.S. Energy Initiatives Has a Better Fuel Strategy
Our new strategy will change our business path into positive territory
SANTA CLARITA, Calif., Jan. 3, 2013 /PRNewswire/ -- U.S. ENERGY INITIATIVES CORP (OTC: USEI) today announces a partnership with Mr. Harrison A. McCoy III an individual, an Inventor and expert in certain biofuel related fields. Mr. McCoy has a twenty-five year career working in the industries of waste, alternative energy, renewable fuels, energy engineering, business development and land development. His global perspective in the energy industries and environmental regulatory environment are invaluable to an emerging firm like USEI. His extensive connections can help procure contracts with the United States National Laboratory systems and Farm Cooperatives industries, which makes him a great partner. Mr. McCoy also holds a U.S. Patent on his own proprietary biofuel that USEI will help develop and market to industry.
According to Anthony Miller, CEO, "The Management of USEI believe that developing our own domestic renewable energy, having a current market, that is already accepted in the marketplace and no regulatory obstacles, is the best path for U.S. Energy Initiatives Corporation to focus its energy and efforts. Management believes that its abilities, along with the relationship with Mr. McCoy and others will get USEI there. My relationship with Mr. McCoy goes back to 2001 where we built the first large-scale biodiesel plant on the West coast of the U.S. (by Southern States Power Company our firm) that is still operational to this day. Note: Last year, the biodiesel industry set a new production record of nearly 1.1 billion gallons, supporting more than 40,000 jobs across the country. Made from an increasingly diverse mix of resources such as recycled cooking oil, soybean oil and animal fats, biodiesel is the first and only EPA-designated Advanced Biofuel that's produced on a commercial scale across the U.S. It is produced in nearly every state in the country and is used in existing diesel engines without modification. Our intent is to develop opportunities we are cultivating. Our goal is to develop an extremely profitable alternative or renewable energy firm that has many different energy initiatives."
"Apologies for our lack of communication over the last few silent months; we have been working diligently behind the scenes to develop a real concrete and workable plan that will move this company forward (and we have a great plan). Our past alliances could not produce the desired results management wanted. In the next few days we intend to announce strategic partnerships with some absolutely amazing companies (in the biofuel industry) that will allow this firm to grow at an accelerated pace. Our new strategy will change our business path into positive territory," further commented Miller.
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 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.
SOURCE U.S. Energy Initiatives Corporation