USEI There will be more from where this came from.
Post# of 8462
Posted On: 05/18/2012 10:28:54 AM
USEI There will be more from where this came from.
SANTA CLARITA, Calif., May 16, 2012 /PRNewswire/ -- US ENERGY INITIATIVES CORP (USEI.OTC) announced today that it is back!!; revitalized, with new management and a new direction. This new energized company is expected to bring significant value to current and future shareholders. Management is actively working to become OTC compliant while evaluating its automotive technologies and an exciting oil and gas plan to profitably produce stranded crude oil with the acquisition of AM Oil Resources & Technology.
USEI has adopted a business plan that it believes will enhance energy independence for our country. Our approach is incremental "evolution, not revolution" beginning with a family of technologies that improve the productivity of existing oil and gas wells. We also have obtained commercialization rights to more progressive technologies in the following areas: (1) Waste to energy, (2) biofuels from feed stocks excluding food product feed stocks, and (3) wireless transmission of electricity.
The company will not be heavily invested in R & D. Rather; we will focus on revenue oriented operations based upon proven technologies within our scope of interest. We will shortly provide implementation guidance with respect to our business plan.
According to Anthony Miller, new CEO of US Energy Initiatives (www.usenergyinit.com), "Our Management is very excited about our firm and even more excited about what we hope to accomplish very soon. For 4 years the Company has been without a real direction because of a number of unfortunate circumstances; and we are now confident and ready to build a great company.
"With the acquisition of AM Oil (www. http://amoilresources.com), we have assembled an ever expanding team from industry, manufacturing, marketing, finance, and oil production folks built for success. We are now ready to build a dynamic oil production and technology firm that will have significant growth year after year. In the coming weeks, we will unveil our near and long term plans for our company.
"One of the most important components of our revitalized company is that management has agreed to work within the current capital structure of USEI so as not to cause further dilution into the market. In the near term, we believe that this is the most prudent solution to grow this Company," according to Miller.
About US Energy Initiatives
The Company has two separate energy initiatives; one in the automotive sector and one in the oil, gas & technology sector.
We will continue to develop and market our automotive technologies which we have done since 1996; and focus on manufacturing and marketing GREEN 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.
We will also acquire and develop stranded or un-recovered oil properties for enhanced oil production, create partnerships with operators, create strategic alliances for primary and secondary recovery, and partner with farm-ins on properties where technology will be utilized to improve recovery efforts. Our goal here is to become an environmentally responsible oil and gas company; utilizing all methods available to improve oil recovery.
We will also market our technology to a worldwide market 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 AM Oil's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.
Contact: Investor Relations866.922-1116
SOURCE US Energy Initiatives Corp
SANTA CLARITA, Calif., May 16, 2012 /PRNewswire/ -- US ENERGY INITIATIVES CORP (USEI.OTC) announced today that it is back!!; revitalized, with new management and a new direction. This new energized company is expected to bring significant value to current and future shareholders. Management is actively working to become OTC compliant while evaluating its automotive technologies and an exciting oil and gas plan to profitably produce stranded crude oil with the acquisition of AM Oil Resources & Technology.
USEI has adopted a business plan that it believes will enhance energy independence for our country. Our approach is incremental "evolution, not revolution" beginning with a family of technologies that improve the productivity of existing oil and gas wells. We also have obtained commercialization rights to more progressive technologies in the following areas: (1) Waste to energy, (2) biofuels from feed stocks excluding food product feed stocks, and (3) wireless transmission of electricity.
The company will not be heavily invested in R & D. Rather; we will focus on revenue oriented operations based upon proven technologies within our scope of interest. We will shortly provide implementation guidance with respect to our business plan.
According to Anthony Miller, new CEO of US Energy Initiatives (www.usenergyinit.com), "Our Management is very excited about our firm and even more excited about what we hope to accomplish very soon. For 4 years the Company has been without a real direction because of a number of unfortunate circumstances; and we are now confident and ready to build a great company.
"With the acquisition of AM Oil (www. http://amoilresources.com), we have assembled an ever expanding team from industry, manufacturing, marketing, finance, and oil production folks built for success. We are now ready to build a dynamic oil production and technology firm that will have significant growth year after year. In the coming weeks, we will unveil our near and long term plans for our company.
"One of the most important components of our revitalized company is that management has agreed to work within the current capital structure of USEI so as not to cause further dilution into the market. In the near term, we believe that this is the most prudent solution to grow this Company," according to Miller.
About US Energy Initiatives
The Company has two separate energy initiatives; one in the automotive sector and one in the oil, gas & technology sector.
We will continue to develop and market our automotive technologies which we have done since 1996; and focus on manufacturing and marketing GREEN 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.
We will also acquire and develop stranded or un-recovered oil properties for enhanced oil production, create partnerships with operators, create strategic alliances for primary and secondary recovery, and partner with farm-ins on properties where technology will be utilized to improve recovery efforts. Our goal here is to become an environmentally responsible oil and gas company; utilizing all methods available to improve oil recovery.
We will also market our technology to a worldwide market 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 AM Oil's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.
Contact: Investor Relations866.922-1116
SOURCE US Energy Initiatives Corp
(0)
(0)Scroll down for more posts ▼