US Energy Reports 200% Increase in Weekly Manufacturing at Subsidiary Automated Engineering Corporation Tuesday December 12, 3:31 pm ET
TAMPA, FL--(MARKET WIRE)--Dec 12, 2006 -- US Energy Initiatives Corporation (OTC BB:USEI.OB - News) ("USEI") ("US Energy" or the "Company"), an ISO9001 Certified manufacturer of a patent dual-fuel diesel to natural gas technology, today announced the Company's subsidiary Automated Engineering Corporation (AEC) has shown a 200% increase in average weekly shipments. AEC is an ISO9001 Certified electronic manufacturing company acquired by USEI during June 2006 to support the Company's dual-fuel diesel to natural gas technology. "We are pleased with our progress at AEC," said US Energy CEO Mark Clancy. "Phil Rappa has done a tremendous job not only in supporting our core technology, but in guiding AEC in a new direction extending the efficiencies of their manufacturing procedures and securing a high volume client base. We are encouraged by our progress in setting the stage to launch our core technology and we are equally confident that AEC will continue to grow in support of our overall revenue objectives," concluded Mr. Clancy.
About US Energy Initiatives Corporation (OTC BB:USEI.OB - News), formed in 1996, manufactures and markets its patent dual-fuel diesel to natural gas conversion technology through the automotive aftermarket and through certain original equipment manufacturers. The Company's primary facility is a state-of-the-art systems development and testing lab in Atlanta, Georgia. The Company's current clients include General Motors, US Postal Service, Dallas County School System, Portland, Oregon School System, Oklahoma Natural Gas and a host of private purchasers.
ADVERTISEMENT
About Automated Engineering Corporation (AEC). AEC, located in Tampa, Florida, was established in 1987 as an Original Equipment Manufacturer (OEM) serving the Instrumentation & Controls marketplace. In the early 1990s AEC positioned itself as a Contract Electronic Manufacturer (CEM) to provide full-service electronics engineering and high-quality manufacturing of PCBA products for other OEM's in Communications, Instrumentation & Controls, Consumer, Automotive, and Military Industries.
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.
Contact: Contact: For US Energy Initiatives Corporation, Tampa Core Consulting Group Paul DeRiso 925-465-6088 http://www.usenergyic.com Posted by Squire38 on :