Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » .11 and Up! » USEI Posts 692% Growth in Revenues and 1,158% Growth in Gross Profit

 - UBBFriend: Email this page to someone!    
Author Topic: USEI Posts 692% Growth in Revenues and 1,158% Growth in Gross Profit
Lootcifer
Member


Member Rated:
4
Icon 1 posted      Profile for Lootcifer     Send New Private Message       Edit/Delete Post   Reply With Quote 
US Energy Initiatives Posts 692% Growth in Revenues and 1,158% Growth in Gross Profit at June 30, 2006
Thursday August 17, 7:00 am ET

TAMPA, Fla.--(BUSINESS WIRE)--Aug. 17, 2006--US Energy Initiatives Corporation ("US Energy" or the "Company") (OTCBB:USEI - News) today reported the Company's financial results for the three and six month period ended June 30, 2006.

ADVERTISEMENT

For the three month period ended June 30, 2006, the Company revenues increased 624% from $35,574 to $257,585 while gross profit increased 1,158% from $17,399 to $218,936. For the six-month period ended June 30, 2006, revenues increased 692% from $53,757 to $425,685 while gross profit increased 822% from $24,750 to $227,945. Including non-operating losses, for the three month period ended June 30, 2006, the net loss increased 199% from $(839,141) or $(.01) loss per share to $(2,511,269) or $(.02) loss per share. Including non-operating losses, for the six month period ended June 30, 2006, the net loss increased 129% from $(1,983,340) or $(.02) loss per share to $(4,542,337) or $(.04) loss per share.

"We've recently announced certain significant projects that commence during third and fourth quarter of this year and ramp up throughout 2007. Among our current initiatives are our program with General Motors scheduled for launch during December 2006, our agreement with GreenGas in Thailand for the sale of 1,500 systems with initial deliveries beginning during September 2006 and an agreement with TruckGas in Europe for the sale of 2,000 systems with initial deliveries scheduled for early 2007," said US Energy CEO Mark Clancy. "While we are disappointed with our continued losses migrating US Energy from a development to an operational stage, we are encouraged by our continued growth in revenues and improved gross profit. In addition, our financial report at June 30, 2006 does not include the impact of our recent acquisition. As we continue a steady migration from development to operations through ramping up the sale of our dual-fuel systems together with the operating performance of Automated Engineering, we anticipate improvement in both our top line revenue and net income," concluded Mr. Clancy.

About US Energy Initiatives Corporation (OTCBB:USEI - News), formed in 1996, manufactures and markets its patent dual-fuel diesel to natural gas conversion technology though the automotive aftermarket and through certain original equipment manufacturers. The Company's primary facility is a 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 - 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.

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:

For US Energy Initiatives Corporation, Tampa
Core Consulting Group
Paul DeRiso, 925-465-6088
http://www.usenergyic.com

Source: US Energy Initiatives Corporation

--------------------
Best Regards and Good Trading

Posts: 239 | From: Florida City, FL | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
Schwabie
Member


Icon 1 posted      Profile for Schwabie     Send New Private Message       Edit/Delete Post   Reply With Quote 
low volume thoughts anyone? looks good

--------------------
All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

Posts: 3255 | From: Orlando, FL | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
wadeinni
Member


Member Rated:
4
Icon 1 posted      Profile for wadeinni     Send New Private Message       Edit/Delete Post   Reply With Quote 
The news is great. Volume is low but Hmmm.

With revs like this it might take off like crazy. I'm watching it right now.

--------------------
One risk I enjoy: daytrading stocks

Posts: 273 | From: New York City | Registered: Sep 2004  |  IP: Logged | Report this post to a Moderator
Lootcifer
Member


Member Rated:
4
Icon 1 posted      Profile for Lootcifer     Send New Private Message       Edit/Delete Post   Reply With Quote 
Moving slow once volume picks up on this we should see a nice upwards movement. Is anyone else watching this??

The growth is attractive but i need to see more volume more buys before I place an order

--------------------
Best Regards and Good Trading

Posts: 239 | From: Florida City, FL | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
Schwabie
Member


Icon 1 posted      Profile for Schwabie     Send New Private Message       Edit/Delete Post   Reply With Quote 
Watching but not moving... too many good plays out...

--------------------
All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

Posts: 3255 | From: Orlando, FL | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Hustla
Member


Icon 1 posted      Profile for Hustla     Send New Private Message       Edit/Delete Post   Reply With Quote 
Agree with Schwabie, got it on my streamer watching it. CSHD and SFTV seems to be two good plays today, if this gets buying pressure It'll probably shoot up.

--------------------
Rule 1: Always Protect Your Capital
Rule 2: Earn slow, Don't lose fast

Posts: 457 | From: Miami, Florida | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
Hustla
Member


Icon 1 posted      Profile for Hustla     Send New Private Message       Edit/Delete Post   Reply With Quote 
Volume just picked up by 1000 but still nowhere near wear it should be with revenues and profits like these.

Did a good flip on CSHD this morning. Need something else to play.

--------------------
Rule 1: Always Protect Your Capital
Rule 2: Earn slow, Don't lose fast

Posts: 457 | From: Miami, Florida | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
Lootcifer
Member


Member Rated:
4
Icon 1 posted      Profile for Lootcifer     Send New Private Message       Edit/Delete Post   Reply With Quote 
Hmmm nice buy just came in for 7000 shares.

Watching, watching.....

I hope this don't explode on me and leave me saying DAMM!!!!! Wish I'd gotten in. LOL .Seems to be happening to me a lot for the past week.

--------------------
Best Regards and Good Trading

Posts: 239 | From: Florida City, FL | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
Hustla
Member


Icon 1 posted      Profile for Hustla     Send New Private Message       Edit/Delete Post   Reply With Quote 
When is this thing gonna move, I'm gettin ready to delete it from my watchlist.

--------------------
Rule 1: Always Protect Your Capital
Rule 2: Earn slow, Don't lose fast

Posts: 457 | From: Miami, Florida | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
lwb1441
Member


Icon 1 posted      Profile for lwb1441     Send New Private Message       Edit/Delete Post   Reply With Quote 
I do not understand these stocks?? Good Revs. and the pps goes down?
Posts: 30 | From: South Carolina | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
edgewise
Member


Member Rated:
4
Icon 1 posted      Profile for edgewise     Send New Private Message       Edit/Delete Post   Reply With Quote 
.040 now.

did the same thing yesterday morning, and by afternoon, was back up to .055-ish.

one to keep an eye on.


oh, and they filed a suit against The *********. I just think that's great. Gotta support the crazies.

--------------------
Hindsight is 20:1.
It's like printing money.

Posts: 1129 | From: Univ of Fl | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
edgewise
Member


Member Rated:
4
Icon 1 posted      Profile for edgewise     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by edgewise:
.040 now.

did the same thing yesterday morning, and by afternoon, was back up to .055-ish.

one to keep an eye on.


oh, and they filed a suit against The *********. I just think that's great. Gotta support the crazies.

oops, this was supposed to go to the IVHN topic.

--------------------
Hindsight is 20:1.
It's like printing money.

Posts: 1129 | From: Univ of Fl | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
laughingstock
Member


Rate Member
Icon 1 posted      Profile for laughingstock     Send New Private Message       Edit/Delete Post   Reply With Quote 
anybody watching this
went to $.26 this morning

--------------------
On the beaches of Hesitation bleach the bones of countless thousands.

Posts: 13 | From: caribbean | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
jordanm
Member


Rate Member
Icon 1 posted      Profile for jordanm     Send New Private Message       Edit/Delete Post   Reply With Quote 
US Energy Initiatives Receives $54,000,000 Agreement to Convert 10,000 Buses over Five Years and to Grant Exclusive License Rights for the Bus Industry to PS Natural Gas Company Ltd Thailand
US Energy Initiatives Corporation ("US Energy" or "the Company") (OTCBB:USEI) today announced the Company has granted an exclusive license through its sub licensee GreenGas (Asia) Ltd ("GreenGas") to PS Natural Gas Company Ltd Thailand ("PSGas") for the bus industry within the licensed territory. As a part of the license, US Energy, through GreenGas, will convert a minimum of 10,000 buses from diesel to the Company's patent dual-fuel diesel to natural gas systems over a five year period. Total contracted systems sales for US Energy for the 10,000 units sold over 5 years is in excess of $54,000,000.

PSGas was formed in 2006 specifically to address the conversion of buses from diesel to operate on natural gas. It has partnered with PTT Public Company Limited, the distributor of compressed natural gas in Thailand; Kasinkorn Bank, a leading Thai Bank that will provide secure financial packages to the bus fleet owners, and; Thai Transport Co Ltd, a leading bus operator in Thailand. There are over 90,000 buses in Thailand. The license grants exclusive rights to PSGas to the bus industry throughout the licensed territory. By rule in Thailand, the price of natural gas must always be sold for no more than 50% of the cost of diesel. The use of natural gas in place of diesel eliminates a number of harmful pollutants most importantly particulates. The conversion of 10,000 buses represents a dramatic savings in the cost of fuel and significantly contributes to the many steps being taken to reduce pollution in Thailand.

"Together with GreenGas NGV, we are pleased to have been selected by PSGas to deploy our patent, dual-fuel technology in support of their mission in Thailand" said US Energy CEO Mark Clancy. "Further, the licensing of PSGas together with the General Motors Thailand (GMTH) C190 Colorado pick-up program due to launch during December 2006, represents a major milestone for US Energy. Our marketing strategy is to deliver our patent dual-fuel technology to the consumer both through the OEM as well as the aftermarket. The Company is now positioned through GMTH with the world's largest automotive OEM and through PS Gas our technology is now scheduled for installation in at least 10,000 buses over a five year period. We look forward to exceeding the challenges these opportunities present" concluded Mr. Clancy.

About US Energy Initiatives Corporation and GreenGas NGV (Asia) Limited: GreenGas is the exclusive distributor for US Energy in Thailand. US Energy established in 1996, is an ISO-9001 certified manufacturer commercializing its patented dual-fuel diesel to natural gas conversion technology to the automotive aftermarket and through certain original equipment manufacturers (OEM'S). The Company's primary facility is a 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.

About PSGAS: PSGAS was formed in 2006 specifically to address the conversion of buses from diesel to NGV. It has partnered with PTT (the distributor of CNG in Thailand), Kasikorn Bank, a leading Thai Bank that will provide secure financial packages to the bus fleet owners, and Thai Transport Co Ltd, a leading bus operator in Thailand. PSGAS has commissioned a new modern bus engine and conversion workshop with experienced diesel engineers from Germany and Thailand. This facility will handle 10 conversions at a time and have a roll-out capacity of 30 buses per week. Further workshops are planned for other regions as the infrastructure and refuelling capacity is improved. PSGAS expect to have a capacity to convert 100 buses per week by end 2007.

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.


For US Energy Initiatives Corporation, Tampa
Core Consulting Group
Paul DeRiso, 925-465-6088
http://www.usenergyic.com


Source: Business Wire (September 11, 2006 - 7:05 AM EST)

News by QuoteMedia
www.quotemedia.com

--------------------
JMHO. Do your DD. GLTA.

Posts: 392 | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share