posted
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.
Posts: 204 | Registered: Feb 2006
| IP: Logged |
posted
blou if we can get some buying pressure MAN THIS IS GONNA FLY....level IIs really show little resistance until .51!!!
Posts: 204 | Registered: Feb 2006
| IP: Logged |
posted
on the L2s we have little resistance throughout the run to .51, but the only real resistance is that .51
Posts: 204 | Registered: Feb 2006
| IP: Logged |
posted
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***
Posts: 1551 | Registered: Feb 2006
| IP: Logged |
posted
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.Posts: 196 | From: usa | Registered: Feb 2006
| IP: Logged |
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
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
