SOURCE: Market Pulse

April 18, 2006 08:35 ET

Market Pulse Breaking News Alert for Tuesday, April 18, 2006: HYFS -- U.S. Energy Initiatives Corporation Reports 470% Increase in Annual Revenues for 2005!

ATLANTA, GA, -- (MARKET WIRE) -- April 18, 2006 -- Market Pulse News Alert for this AM, Stocks to Watch are: U.S. Energy Initiatives Corporation (OTC BB: HYFS), Veridium Corp. (OTC BB: VRDM), TiVo Inc. (NASDAQ: TIVO), and Streicher Mobile Fueling Inc.(NASDAQ: FUEL).

Investors need to be watching U.S. Energy Initiatives Corporation (OTC BB: HYFS) this AM! U.S. Energy Initiatives 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. Worldwide, there is a significant price differential between diesel and natural gas typically resulting in a 12 month or less return on investment. The company's initial commercialized application is a retrofit device to convert medium and heavy duty engines to operate in a dual-fuel 70% natural gas and 30% diesel mode. A new generation of management has transformed HYFS from a developmental-stage company with proprietary products for dual-fuel conversion in various steps of development to a company with the ability to deliver these products worldwide. HYFS is potentially poised to become a significant player in the energy/alternative energy industry. HYFS has had several excellent news announcements out lately and one again before today's opening bell announcing a 470% increase in annual revenues for 2005! This could be great news for investors!

U.S. Energy Initiatives Corporation (OTC BB: HYFS) ("U.S. Energy" or the "Company") (formerly Hybrid Fuel Systems, Inc.), 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 U.S. Energy CEO Mark Clancy. "While we are encouraged by this growth, there are two other aspects to U.S. 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 prototype/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.

Statement of Operations                        2005            2004
-----------------------                    -----------     -----------
Revenue                                    $   652,400     $   138,724
Loss from Operations                       $(3,384,312)    $(2,033,709)
Weighted common shares outstanding          88,909,988      23,857,093
Basic and diluted loss per share           $     (0.09)    $     (0.12)

Balance Sheet
Cash                                       $   818,557     $     2,025
Current Assets                             $ 3,858,816     $    73,498
Current Liabilities                        $ 4,130,393     $   753,258
Shareholders' Equity (deficit)             $  (271,577)    $  (671,253)
About U.S. Energy Initiatives Corporation

U.S. Energy Initiatives Corporation (OTC BB: 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, United Parcel Service, U.S. Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers. For information at the Company contact CEO Mark Clancy the Company's corporate headquarters @ 813-287-5787, extension 222 or visit the Company's web site at

Stocks in the news and acting well as of late include: Veridium Corp. (OTC BB: VRDM), TiVo Inc. (NASDAQ: TIVO), and Streicher Mobile Fueling Inc. (NASDAQ: FUEL).

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