MicroStockProfit.com Renews and Expands Coverage of US Energy Initiatives Corporation Thursday February 1, 6:54 am ET
TAMPA, FL--(MARKET WIRE)--Feb 1, 2007 -- US Energy Initiatives Corporation ("US Energy" or the "Company") (OTC BB:USEI.OB - News), an ISO-9001 certified manufacturer of a patent dual-fuel system today announced a significant renewed coverage from marketing and advisory firm, MicroStockProfit.com. "As we emerge into the operational stage in the lifecycle of US Energy we want to increase and expand our investor relations program," said USEI CEO Mark Clancy. "MicroStockProfit provided coverage for our company during 2006 and we are pleased to announce we've engaged them to carry our message into 2007. Since renewing their coverage of our Company, MicroStock has exceeded our expectations and we are looking forward to a long mutually rewarding relationship," concluded Mr. Clancy.
MicroStockProfit.com is a highly specialized provider of market intelligence and strategic advisory services for the capital markets.
About US Energy Initiatives Corporation (OTC BB:USEI.OB - News)
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US Energy, formed in 1996, commercializes a patent dual-fuel diesel to natural gas conversion technology through the automotive aftermarket and through certain original equipment manufacturers. The Company's facilities include a state-of-the-art systems development and testing lab in PeachTree City, Georgia and an ISO-9001 certified manufacturing facility in Tampa, Florida.
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
-------------------------------------------------------------------------------- Source: US Energy Initiatives Corporation
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latest news [URBN] Urban Outfitters Q4 sales up 13% to $361 million
US Energy Initiatives and WITCO Intl. Expand Role in China Supplier's Agreement in Place With China's Largest Engine Manufacturer PrintE-mailDisable live quotesRSSDigg itDel.icio.us
Last Update: 6:05 AM ET Feb 6, 2007
TAMPA, FL, Feb 06, 2007 (MARKET WIRE via COMTEX) -- US Energy Initiatives Corporation (USEI : us energy initiatives corp com News , chart, profile, more Last: 0.11+0.01+6.00%
8:11pm 02/05/2007
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: USEI0.11, +0.01, +6.0%) ("US Energy" or the "Company"), an ISO9001 Certified manufacturer of a patent dual-fuel diesel to natural gas technology, together with US-based WITCO Intl., announced an expansion of the Company's Chinese initiative. "We are very pleased to announce that WITCO Intl. has established an office in Hong Kong, with Ms. Chun Greuel as COO for China/Asia operations. In addition, WITCO has engaged Mr. Ian Turner to handle the service and engineering deployment of our patented dual-fuel technology in China," said USEI CEO Mark Clancy. "We initiated our systems development for a large China-based engine manufacturer at the start of 2006. Together with our current General Motors and PS Gas programs in Thailand, and our recently announced US-based initiative with BAF technologies, US Energy is truly becoming a global player in the alternative fuels industry," concluded Mr. Clancy. Doug Wilson, President of WITCO Intl., said, "Our team has been laying the ground work for dual-fuel technology in China and Asia for over five years. We have secured a suppliers agreement with the largest engine manufacturer in China and together with the market-ready state of US Energy's technology, we felt the time was right to establish an in-country presence. Combined, the WITCO team brings over 150 years experience in the alternative fuel market sector."
quote:Originally posted by JRB: latest news [URBN] Urban Outfitters Q4 sales up 13% to $361 million
US Energy Initiatives and WITCO Intl. Expand Role in China Supplier's Agreement in Place With China's Largest Engine Manufacturer PrintE-mailDisable live quotesRSSDigg itDel.icio.us
Last Update: 6:05 AM ET Feb 6, 2007
TAMPA, FL, Feb 06, 2007 (MARKET WIRE via COMTEX) -- US Energy Initiatives Corporation (USEI : us energy initiatives corp com News , chart, profile, more Last: 0.11+0.01+6.00%
8:11pm 02/05/2007
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: USEI0.11, +0.01, +6.0%) ("US Energy" or the "Company"), an ISO9001 Certified manufacturer of a patent dual-fuel diesel to natural gas technology, together with US-based WITCO Intl., announced an expansion of the Company's Chinese initiative. "We are very pleased to announce that WITCO Intl. has established an office in Hong Kong, with Ms. Chun Greuel as COO for China/Asia operations. In addition, WITCO has engaged Mr. Ian Turner to handle the service and engineering deployment of our patented dual-fuel technology in China," said USEI CEO Mark Clancy. "We initiated our systems development for a large China-based engine manufacturer at the start of 2006. Together with our current General Motors and PS Gas programs in Thailand, and our recently announced US-based initiative with BAF technologies, US Energy is truly becoming a global player in the alternative fuels industry," concluded Mr. Clancy. Doug Wilson, President of WITCO Intl., said, "Our team has been laying the ground work for dual-fuel technology in China and Asia for over five years. We have secured a suppliers agreement with the largest engine manufacturer in China and together with the market-ready state of US Energy's technology, we felt the time was right to establish an in-country presence. Combined, the WITCO team brings over 150 years experience in the alternative fuel market sector."
Looking good with this chinese contract should attract more serious investors
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US Energy Initiative's Subsidiary AEC Receives $100,000 Manufacturing Order Print E-mail Disable live quotes RSS Digg it Del.icio.us
Last Update: 6:06 AM ET Mar 27, 2007
TAMPA, FL, Mar 27, 2007 (MARKET WIRE via COMTEX) -- US Energy Initiatives Corporation (USEI : us energy initiatives corp com News , chart , profile , more Last: 0.09+0.02+26.76% 5:21pm 03/27/2007 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: USEI0.09, +0.02, +26.8% ) ("US Energy" or the "Company"), an ISO9001 Certified manufacturer of a patent dual-fuel diesel to natural gas technology today reported the Company's wholly owned subsidiary Automated Engineering Corporation has received a $100,000 order for delivery during May 2007. Automated Engineering Corporation ("AEC") was acquired by US Energy during 2006 to provide in-house manufacturing for the Company's patent dual-fuel diesel to natural gas conversion systems. "While AEC primary mission is to support our Company's core dual-fuel product, it continues to grow in areas unrelated to our hybrid system," said USEI CEO Mark Clancy. "Our objectives in acquiring AEC was to gain a manufacturing resource for our dual-fuel system as well as an ability to grow through unrelated manufacturing activity. Under the leadership of our Chief Operating Officer Phil Rappa, we are pleased to receive this confirmation of our strategy. During this first quarter 2007, we have made progress both in our international as well as domestic program for our patent dual fuel system and we intend to provide updates later this week with a major announcement on Thursday," concluded Mr. Clancy.
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US Energy's Hybrid System Replaces 87% of Diesel With Natural Gas International Letter of Credit in Place for Thailand System Sales Print E-mail Disable live quotes RSS Digg it Del.icio.us
Last Update: 6:50 AM ET Mar 28, 2007
TAMPA, FL, Mar 28, 2007 (MARKET WIRE via COMTEX) -- US Energy Initiatives Corporation (USEI : us energy initiatives corp com News , chart , profile , more Last: 0.090.00-1.10% 10:47am 03/28/2007 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: USEI0.09, 0.00, -1.1% ) ("US Energy" or the "Company") today reported the Company's results of a fuel displacement test and finalization of an international letter of credit for system sales in Thailand. US Energy is an ISO-9001 Certified manufacturer of a patent dual-fuel diesel to natural gas technology. In a major validation of the Company's Hybrid Fuel System, a fuel consumption test demonstrated the ability to replace over 87% of diesel with natural gas. The vehicle used for the consumption test was a GM C190 Colorado Pickup using an Isuzu 2.5 liter engine. As previously announced, the Company is engaged in a program with GM-Thailand to provide our dual fuel system for their C190 Colorado Pickup for model years 2007, 2008 and 2009. The vehicle route was a 162-mile trip. In a diesel mode, the 162 miles used a total of 16.029 gallons of diesel fuel. In a dual fuel mode, the vehicle consumed 1.97 gallons of diesel fuel. The 87.70% of diesel fuel eliminated was replaced by clean burning compressed natural gas. The Company is unaware of any dual-fuel systems able to achieve this level of fuel displacement. The Company also confirmed receipt of its first international letter of credit relating to the sale of its Hybrid Fuel System in Asia. This letter of credit is put in place to cover the delivery of the first 15 systems earmarked for a taxi company with over 3,800 vehicles. The terms of the international letter of credit allow the Company to draw down the funds forty-eight hours following shipment. The international letter of credit is the means used by the Company to ensure payment of systems shipped to locations outside the Continental United States. "We are pleased with this cost-saving validation of our technology," said USEI CEO Mark Clancy. "The ability to eliminate over 85% of a dirty, expensive diesel fuel with clean burning, relatively inexpensive natural gas clearly separates our technology from any other. We are equally pleased in demonstrating how we plan to ensure payment for our foreign sales with this first international letter of credit. We will be providing an update on Thursday relating to our domestic Smart Muffler program as well as the first sizeable purchase order for sales in China," concluded Mr. Clancy.
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US Energy Initiatives Receives Purchase Order for 100 Hybrid Fuel Systems Phil Rappa Promoted to Chief Executive Officer Print E-mail Disable live quotes RSS Digg it Del.icio.us
Last Update: 7:35 AM ET Mar 29, 2007
TAMPA, FL, Mar 29, 2007 (MARKET WIRE via COMTEX) -- US Energy Initiatives Corporation (USEI : us energy initiatives corp com News , chart , profile , more Last: 0.09+0.00+4.44% 9:30am 03/29/2007 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: USEI0.09, +0.00, +4.4% ) ("US Energy" or the "Company"), today announced receipt of a purchase order for the sale of 100 Hybrid Fuel Systems to the Company's sub-licensee WITCO Intl. for deployment in China. The Company also announced the appointment of Phillip Rappa as Chief Executive Officer. US Energy is an ISO9000 manufacturer of a patent dual-fuel diesel to natural gas conversion system referred to as the Hybrid Fuel System. WITCO Intl. is a wholly owned subsidiary of Wisconsin-based WITCO Systems (established in 1949). WITCO Intl. is a global marketing and technology company, specializing in alternative fuel and energy systems and is the exclusive sub-licensee for the USEI's patent dual-fuel technology in China and parts of Asia. The Purchase Order specifies 100 of the Weichai WD615 320 horse-power Hybrid System for a total purchase of $310,000. Delivery is to begin during April and the systems will be deployed through WITCO's Hong Kong office. WITCO opened their Hong Kong office in 2005 and appointed Ms. Chun Greuel as Chief Operating Officer for China and Asia and have assigned installation engineers and support staff to further WITCO's China/Asia initiative. In addition, the Company promoted Phillip Rappa from Chief Operating Officer to Chief Executive Officer effective April 1, 2007. Mr. Rappa had previously served as the President of the Company's subsidiary Automated Engineering Corporation (AEC) and since December 2006, has served as the Chief Operating Officer and General Manager. "It is with great personal and professional pleasure that in my capacity as a Board Member to vote strongly in favor of promoting Phil to the role as the Chief Executive of USEI," said the Company's CEO Mark Clancy. "The Company was founded in 1996 and we were engaged during January 2004 to create a framework for future success. The next six to twelve months will be critical in determining if our efforts and financing were effectively implemented. For that reason, as a Board of Directors, the time is right to bring a strong, seasoned operating professional with extensive international experience to steer our Company during this final and most important part of our program. In our opinion, Phil Rappa posses those unique qualities of experience, perseverance and professionalism that are essential to effective leadership," concluded Mr. Clancy. Mr. Clancy will remain as a Member of the Board of Directors and advisor to the Company. Chairman of the Board and majority shareholder John Stanton said, "We thank Mark for his strong leadership and many accomplishments during the past three year period and we look forward to Phil Rappa assuming his new role. The Company is now well positioned to spring forward into a corporation respected worldwide as an industry leader. We are confident Phil Rappa can continue the tradition of strong leadership and accomplishment."
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US Energy Initiatives and BAF Technologies Launch California Port Initiative Initiative Targets Thousands of Diesel Vehicles Used in California Ports Print E-mail Disable live quotes RSS Digg it Del.icio.us
Last Update: 5:41 AM ET Apr 3, 2007
TAMPA, FL, Apr 03, 2007 (MARKET WIRE via COMTEX) -- US Energy Initiatives Corporation ("US Energy" or the "Company") (USEI : us energy initiatives corp com News , chart , profile , more Last: 0.08-0.01-11.63% 7:46am 04/03/2007 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: USEI0.08, -0.01, -11.6% ) , today announced the first Cummins engine has been shipped to the Company's development facility in PeachTree City, Georgia. The Company is partnering with BAF Technologies to achieve a California Air Resource Board (CARB) Level III Certification as an emission control device. US Energy is an ISO-9001 certified manufacturer of a patent dual-fuel system (the "Hybrid System") "It is difficult to grasp the enormity of the problems facing our ports and particularly in California," said USEI CEO Phil Rappa. "Approximately 40% of all container loads brought into the US travel through California ports and the State of California has been the most aggressive in combating the ill effects of diesel particulates and nitrogen oxide or NOx. We are excited about the marriage of our Hybrid Dual-Fuel System together with BAF's SmartMuffler technology. In previous emission testing, our Hybrid Fuel System was able to achieve a 78.9% reduction in particulate matter or PM and a 22.9% reduction in NOx. We believe the SmartMuffler will substantially improve our NOx reduction qualifying our combined technologies as a Level III certified emission control device. This will open the door for our Company, together with BAF, to market our product throughout the United States. Equally exciting is once we've received our CARB Level III certification, we can also begin aggressive sales in Europe. The standards for a CARB Level III exceed the emission standards set by the European Union," concluded Mr. Rappa. According to the State Environmental Resource Center, "The busy ports at Long Beach and Los Angeles, California, taken together, emit more pollution that the region's top 300 emitting industrial plants and refineries. A 2003 study in Oakland, California, revealed that diesel emission levels in the community near the port were 90 times higher per square mile than in the rest of the state. Most major U.S. ports, including Los Angeles, Oakland, Long Beach, New York, New Jersey, and Houston, violate federal safety standards for ozone and particulate matter." A full text of the article can be found at ( www.serconline.org/dieselPortPollution.html). According to the President of BAF Technologies John Bacon, "BAF Technologies has recently shipped a Cummins 8.3 Liter engine to HFS for the development of their dual fuel technology to be used on off-road vehicles at California ports. With the HFS technology, we will be able to meet the very difficult CARB Level III emission standards. This will open the door for us to upfit several hundred vehicles over the next 18 months. Once we get started in California, we can move on to the thousands of vehicles for both on-road and off-road applications at other US ports," concluded Mr. Bacon.
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