AMPA, Fla., Apr 18, 2006 (BUSINESS WIRE) -- US Energy Initiatives Corporation ("US Energy" or the "Company") (formerly Hybrid Fuel Systems, Inc.) (HYFS), manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced revenues of $652,400 and loss from operations of $(3,384,312) for the year ended December 31, 2005 as compared to revenues of $138,724 and a loss from operations of $(2,033,709) for the same period ended December 31, 2004.
"Our revenues at the year end 2005 were greater than our revenues for the three previous years combined," said US Energy CEO Mark Clancy. "While we are encouraged by this growth, there are two other aspects to US Energy that we believe further demonstrated we're on the right track. When we came on board during January 2004, we inherited a Shareholders' Deficit of $(1,949,683). For the year ended December 2004, we reduced the Shareholders' Deficit to $(671,253), a 65% reduction. We continued that trend and at the year ended December 31, 2005, we had further reduced Shareholders' Deficit down to $(271,577) or another 59.6% reduction. Overall, during the past two years, we have eliminated 86.1% of the Shareholders' Deficit. While this trend is promising, our marketing program geared to the original equipment manufacturer holds great hope for our near term outlook," continued Mr. Clancy.
"During the first quarter, 2005, we embarked on a strategy that envisioned delivery of our technology through automotive OEMs. A part of our strategy was constructing our development facility in Peachtree City, Georgia. Since June 2005, we have been actively engaged by OEMs and have now matured these relationships through the proto-type/field trial stage. Should we be successful in concluding one or more of these OEMs, we would be in a position to offer some tangible revenues and earnings guidance and evolve from the development to the operation stage of our business cycle. We are confident of concluding one or more of our client OEMs during the second quarter 2006," concluded Mr. Clancy.
About US Energy Initiatives Corporation (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.
Posted by knicks321 on :
THIS BABY IS LOW FLOAT...O/S 120,502,000....JUST NEED BUYING PRESSURE RESISTANCE IS AT .51!!!!
Posted by knicks321 on :
is anyone else in this one?
Posted by blou on :
up 18% already!
Posted by knicks321 on :
blou if we can get some buying pressure MAN THIS IS GONNA FLY....level IIs really show little resistance until .51!!!
Posted by knicks321 on :
is anyone trying to get filled on HYFS?
Posted by knicks321 on :
accumulation at .29!!1 were gonna move with more buyinh presure
Posted by ohio_trader on :
just picked up 5000 shares..think this will be a great play !!!
Posted by blou on :
Look at it go!!!
Posted by blou on :
.32!!!
Posted by discosquirrel on :
Anyone got L2's on this?
Posted by ohio_trader on :
she may run all day..on todays news
Posted by knicks321 on :
alrite guys sorry had to take care of some business...back now
Posted by knicks321 on :
on the L2s we have little resistance throughout the run to .51, but the only real resistance is that .51
Posted by knicks321 on :
we need more buying pressure right now, if we get it we FLY
Posted by knicks321 on :
huge run coming!!!1
Posted by knicks321 on :
look at all this volume now....come on we need more pressure!
Posted by blou on :
looking good clear into the EOD!
Posted by worldfamous on :
Moving up gradually. better get in now before it's too late.
Posted by knicks321 on :
HERE WE GO JUST BROKE .32 RESISTANCE...COME ON WE NEED BUYING PRESSURE NOW
Posted by blou on :
volumes going up!
Posted by ohio_trader on :
this stock is being overlooked by other gas, ethanol, oil plays ****read the PR above- this company has reduced share holder debt deficit by 86% in 2 years, and last year had a 470% annual increase in revenue
Good Stuff... Next runner??
***do your homework***
Posted by blou on :
ATLANTA, Apr 19, 2006 (PRIMEZONE via COMTEX) -- U.S. Energy Initiatives Corporation (HYFS : hybrid fuel sys inc com News , chart, profile, more Last: 0.31+0.07+27.35%
9:21am 04/19/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: HYFS0.31, +0.07, +27.3%) announced that the company is now profiled on Market-Pulse.com. U.S. Energy Initiatives Corporation 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. Market Pulse's profile focuses on U.S. Energy's patented dual-fuel diesel to natural gas conversion technology, the markets, management, recent developments and the future. Individuals interested in more information on the company can view the profile at http://www.market-pulse.com/hyfsprofile.htm. Posted by blou on :
Just hit .33!!! looks like another good day!!
Posted by cali99boy on :
in *.33 Posted by blou on :
Volumes picking up!
Posted by blou on :
.34 going for .35!!!
Posted by blou on :
.35!!!
Posted by knicks321 on :
glad to see my pick is making people some money...got more to come
Posted by blou on :
Holding strong!
Posted by ohio_trader on :
still flying under the radar...albeit an expensive penny play, it is gaining ground slowly but surely, brick by brick
and has a VERY low Float and O/S count...and also some big clients
**do yourhomework**
Ohio_Trader
Posted by ohio_trader on :
anyone else in this???
Posted by paulbest on :
quote:Originally posted by ohio_trader: anyone else in this???
I like this stock. I'm impressed with my quick view of the web site and the yahoo listing. look at realtime's chart. Has my vote of confidence. Though I'm broke and can't buy any until 2-3 weeks
Posted by ohio_trader on :
keep an eye on this one...could run up more today, tmrw, through next week.........
***do your homework**
Ohio_Trader
Posted by blou on :
up almost 10%. one day at a time!
Posted by ohio_trader on :
keeps on chugging...could it be the silent 100% gainer, another week of this and we'll be close...moves up with just a little volume, one day of heavy buys and this will go nuts
IMO
***do your homework**
Posted by gnulnx on :
This chart looks inticing as well. I am guessing she has at least 1 more powerful up spike for 30-60%.
This is added to my watch list for a few days along side NECX.
Posted by worldfamous on :
I was scanning **************. c o m today and I found that HYFS is one of 2 stocks listed to watch this week for a good performance. Nothing great today but later this week should bring a gradual increase.
Posted by blou on :
Moves up alittle a day. Need some news to make it really move!
Posted by blou on :
Wow! Look at it go!!
Posted by blou on :
Staight up from .34 to .37 in a matter of minutes! Does someone know of news coming out?
Posted by blou on :
TAMPA, Fla., Apr 26, 2006 3:59pm 04/26/2006
HYFS0.36, +0.04, +11.6%) , a manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced the Company had received a contract for $49,500 to install an additional eleven systems for the State of New York Department of Transportation. "With this order, we are pleased to expand the number of systems we've installed for the State of New York," said CEO Mark Clancy. "A part of our mission statement is 'to reduce toxic pollutants' and we are grateful for the opportunity to replace diesel with clean burning, economical natural gas. In today's energy marketplace, the use of natural gas instead of diesel can have a meaningful economic advantage while simultaneously reducing the most harmful pollutants," concluded Mr. Clancy. The contract was made possible through BAF Technologies, US Energy's sub-licensee for the States of New York and Texas and funding provided through the New York State Energy Research and Development Authority (NYSERDA).
Posted by realperson on :
well Looks like I will become a HYFSO kinda guy on thursday
Posted by realperson on :
quote:Originally posted by knicks321: THIS BABY IS LOW FLOAT...O/S 120,502,000....JUST NEED BUYING PRESSURE RESISTANCE IS AT .51!!!!
Looks good
Posted by blou on :
I knew some news was coming out the way it shot up from .32 to .37 in a few minutes time and then the volume picked up alot at the EOD. Just released the news at the bell! Should be a good opening tomorrow.
Posted by blou on :
Moving up nicely on news!
Posted by Schwabie on :
im in 3k shares
Posted by beto on :
Anybody watching this one.
Posted by beto on :
printed 43
Posted by worldfamous on :
Anyone think we are heading down, or just dipping for another up week?
Posted by worldfamous on :
TAMPA, Fla.--(BUSINESS WIRE)--May 2, 2006--US Energy Initiatives Corporation ("US Energy" or the "Company") (OTCBB:HYFS - News), a manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced that Amalfi Research Group has initiated coverage of the Company.
About Amalfi Research Group, Ltd. "ARG". ARG is a highly specialized provider of market intelligence, high quality analytical reports, and strategic advisory services for the capital markets. Cumulatively, the ARG team has amassed more than 20 years of experience across a wide variety of business areas including strategic market analysis and securities trading, corporate research, technology consulting, and direct mail/internet marketing. ARG is strongly devoted to the research and analysis of the often overlooked intricacies and nuances of emerging small cap organizations. Through comprehensive research reports and frequent Internet research updates, ARG is able to provide the most thorough coverage of the small cap and blue chip markets. For more information please contact us at info*AmalfiResearch.com.
About US Energy Initiatives Corporation. (OTCBB:HYFS - News), 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 (NYSE:GM - News), http://www.gm.com; United Parcel Service (NYSE:UPS - News), 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 more information contact CEO Mark Clancy at the Company's corporate headquarters at 813-287-5787 or visit the Company's web site at http://www.usenergyic.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 US Energy Initiatives 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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