SANTA CLARITA, CA- via eTeligis (Feb 3, 2014) -U.S. ENERGY INITIATIVES CORPORATION, INC. (OTC Pink: USEI) is pleased to announce today that the Company has decided to enter the Medical Marijuana and Hemp industries to capitalize on opportunities and relationships it has in the sector. The Company has already begun forming a subsidiary called USEI Cannabis Initiatives Corp and will develop the website for the Company and the web address will be www.useicannabis.com.
According to Anthony Miller, CEO, "We have extensive relationships with legal growers, dispensaries, product developers, marketers, patent holders and other professionals in this industry; and we believe that it is necessary that we develop these relationships and opportunities. The Medical Marijuana industry is growing at an extremely rapid rate and this emerging growth industry seems to have growth potential that will continue to grow for years to come. As other states legalize the use and sale of products and services for this industry, we plan to find our niche and opportunities. Management thinks this is just sound business for USEI. Our goal is strategically plan to make our Cannabis subsidiary as a very lucrative division of USEI and develop our own proprietary products and services."
Further commented Miller: "Please note that we are not abandoning our core biodiesel business because Hemp too is an integral part of our business. Hemp is the legally grown, non-intoxicating cousin of the Marijuana species and it is an excellent feed-stock for producing biodiesel (check out these links and a host of others that we will place on our website: http://www.hemp.com/hemp-education/uses-of-hemp/hemp-fuel/; http://www.hemp.com/hemp-education/uses-of-hemp /hemp-fuel/making-hemp-biodiesel/; http://www.cannabisculture.com/content/2014/01/31/US-Farm-Bill-Allows-Hemp-Farming-10-States). The technology that we use for making smaller batches of biodiesel can also be modified and translated into making Hemp oil and Cannabis oil. This oil can be refined as medical grade for additives into many consumer products. With this addition and new focus, we believe that we will add significant value to our company's business aspirations and vision. Finally, we believe that this decision by Management will produce value in the short term, and continue to reap rewards for years going forward."
About U.S. Energy Initiatives: U.S. Energy Initiatives Corporation is a diverse (OTC Pink: USEI) energy firm, that has a long history of developing hybrid fuel systems. This firm started in 1996 and has had a long successful business history of developing its business strategies. Management's new goal is to develop its old and new technologies and to build a dynamic and diverse firm. From 2014-2015 U.S. Energy Initiatives will center on the bio-fuels, Medical Marijuana and Hemp for developing products and services. Our goal here is to become an environmentally responsible firm, marketing our products to a worldwide audience to produce significant revenue and add value for our shareholders.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release may contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company's filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause USEI's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.
CONTACT:
U.S. Energy Initiatives Corporation, Inc.
Investor Relations
Ph: 866 922-1116
Email: info@usenergyinit.com
Web: www.usenergyinit.com
Associated Documentation:
Link to submission on http://www.eteligis.com
USEI_2-3-14_PAP_Proof.docx
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