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US Energy Initiatives Corporation to be Featured on MSNBC March 30, 2006 - Hybrid Fuel Systems Technology
By BusinessWire Last Update: 3/30/2006 10:52:01 AM Data provided by
TAMPA, Fla., Mar 30, 2006 (BUSINESS WIRE) -- US Energy Initiatives ("USEIC" or the "Company") (HYFS), (formerly Hybrid Fuel Systems, Inc.) manufacturer of a patent dual-fuel diesel to natural gas conversion technology today announced USEIC will be featured on MSNBC March 30, 2006 during the EST noon time hour and again during the 4:00PM hour.
About US Energy Initiatives
US Energy Initiatives (HYFS), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (GM), http://www.gm.com; United Parcel Service (UPS), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
For information at the Company contact CEO Mark Clancy the Company's corporate headquarters at 813-287-5787 ext. 222 or by cellular phone at 813-624-5515 or visit the Company's web site at http://www.hybridfuelsystems.com
Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Hybrid actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
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4:00 pm is the next interview,but what i like is he mentioned ups likes it then at 1:00 ups put out a pr regarding change in fuel to save money!!!! see what happens!!! in at .27 everything i had.
-------------------- Trading is a blast!!
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I was in at .275 and was up around 300.00 but have to go to work,thought it would go higher man...i should have sold it b4 i leave for works:( oh well gotta see what's gonna happen tomorrow.
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TAMPA, Fla.--(BUSINESS WIRE)--March 31, 2006-- US Energy Initiatives ("USEIC" or the "Company") (OTCBB:HYFS), (formerly Hybrid Fuel Systems, Inc.), manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced that on March 28, 2006, the Company redeemed outstanding convertible notes with various investors which were issued in connection with financings concluding during April 2005. "We are very pleased to redeem this financing through the payment of cash rather than converting this debt into additional shares of our common stock," said USEIC CEO Mark Clancy. "We enjoyed a strong relationship with our financing partners during a critical phase in our development. The opportunity to take out this convertible debt is good for our financing partners who are repaid in full and for our shareholders as we can avoid the dilution that would have occurred," concluded Mr. Clancy.
About US Energy Initiatives Corporation (OTCBB:HYFS)
Formed in 1996, USEIC delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM), http://www.gm.com; United Parcel Service (NYSE:UPS), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Hybrid actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY OIL/GAS TRANSPORT TRUCKING AUTOMOTIVE SOURCE: US Energy Initiatives
CONTACT INFORMATION: US Energy Initiatives Corporation, Tampa Mark Clancy, 813-287-5787 or 813-624-5515 (cell) http://www.hybridfuelsystems.com
-------------------- ......in Psychiatry circles it's known as a "warning sign"
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PART III NARRATIVE State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed within the prescribed time period.
The registrant is in the process of preparing and reviewing the financial information of the Company. The process of compiling and disseminating the information required to be included in the Form 10-KSB for the relevant fiscal year, as well as the completion of the required review of the Company's financial information, could not be completed without incurring undue hardship and expense. The registrant undertakes the responsibility to file such annual report no later than fifteen days after its original date.
And:
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
For the year ended December 31, 2004, the registrant had revenues of approximately $138,724 and a net loss of approximately $(2,972,473). For the year ended December 31, 2005, the registrant currently estimates that it had revenues of approximately $652,400 and a net loss of approximately $(5,505,814). Results for the year ended December 31, 2005 remain subject to further adjustment and actual results may differ significantly from the foregoing estimates.
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worldfamous... if you bought in where it is right now, for the time being you aren't making squat. This company is in soooo much debt and really has a fairly out of date product... not much going for them really... if you wanted I'd get out now and put my money else where... it won't carry much beyond .30 if it gets there again... glta
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(HYFS) this AM! U.S. Energy Initiatives manufactures and markets retrofit systems for the conversion of gasoline and diesel engines, stationary or vehicular, to non-petroleum based fuels such as compressed natural gas and liquefied natural gas. The company's technology is embodied in five issued and one pending U.S. patent. Since 1998, U.S. Energy has dedicated its research and development exclusively to conversion systems for diesel-powered engines. Worldwide, there is a significant price differential between diesel and natural gas typically resulting in a 12 month or less return on investment. The company's initial commercialized application is a retrofit device to convert medium and heavy duty engines to operate in a dual-fuel 70% natural gas and 30% diesel mode. A new generation of management has transformed HYFS from a developmental-stage company with proprietary products for dual-fuel conversion in various steps of development to a company with the ability to deliver these products worldwide. HYFS is potentially poised to become a significant player in the energy/alternative energy industry. HYFS has had several excellent news announcements out lately and one again before today's opening bell announcing a 470% increase in annual revenues for 2005! This could be great news for investors!
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