SOURCE: Market Pulse

June 13, 2006 08:30 ET

Market Pulse Breaking News Alert for Tuesday, June 13, 2006: USEI -- General Motors Thailand Executes Memo of Understanding With US Energy Initiatives Corporation!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA -- (MARKET WIRE) -- June 13, 2006 -- Market Pulse News Alert for this AM, Stocks to Watch are: U.S. Energy Initiatives Corporation (OTCBB: USEI), Microsoft Corp. (NASDAQ: MSFT), JDS Uniphase Corp. (NASDAQ: JDSU), and General Motors Corporation (NYSE: GM).

Investors need to be watching U.S. Energy Initiatives Corporation (OTCBB: USEI) 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 US 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. USEI is potentially poised to become a significant player in the energy/alternative energy industry. USEI has had several excellent news announcements out lately and one again after yesterday's bell announcing it has executed a Memorandum of Understanding with General Motors Thailand (GMTH) to provide the Hybrid Fuel System for use with the GMTH Colorado Diesel/CNG program! "We are pleased to have been selected by GMTH for this critical project and Thailand is an exciting marketplace," said US Energy CEO Mark Clancy. This could be great news for investors!

US Energy Initiatives Corporation (OTCBB: USEI); ("US Energy" or the "Company") a manufacturer of a patent dual-fuel diesel to natural gas conversion technology referred to as Hybrid Fuel Systems, today announced the Company has executed a Memorandum of Understanding (MOU) with General Motors Thailand (GMTH) to provide the Hybrid Fuel System for use with the GMTH Colorado Diesel/CNG program. Under the terms of the MOU, the Company is designated as a Tier 1 vendor and shall be the manufacturer of record. The program envisions first vehicles during the fourth quarter 2006.

"We are pleased to have been selected by GMTH for this critical project," said US Energy CEO Mark Clancy. "Thailand is an exciting marketplace and aligning our dual fuel system with the world's largest automotive OEM creates a strong opportunity for our growth. While a milestone such as this is a company wide, team effort, I would recognize two behind the scenes contributors. We recognize Frank Davis for his 30 years of dedication to our industry and for possessing the creative ingenuity which led to five patents, a strong technology and the cornerstone of our company. We also recognize John Stanton, our Chairman of the Board whose strategic guidance and business acumen has proven invaluable in our march forward," concluded Mr. Clancy.

About the Thailand Automotive Market: The following description was extracted from Thailand Automotive Industry Update: 2005. The "Detroit of Asia," Thailand is the second largest pick-up truck market after the US. The Thai automotive Industry accounted for 12% of the Thai GDP and last year generated that country's second highest level of export revenue. The number of cars and trucks produced in Thailand between January and August 2005 increased 22% to 710,889 units and is expected to exceed 1,000,000 for 2006. Of vehicles produced, 38% were for export. GM is investing Bt2.7 (Thai Baht) for a new paint shop at its Rayong plant and raise production capacity from 110,000 units per year to 160,000 units per year. GM's expansion is to meet increased demand for Chevrolet vehicles in Thailand as well as 100 export markets around the world. The full article on the Thai auto market can be seen at http://www.business-in-asia.com/auto_article2.html.

About U.S. Energy Initiatives Corporation (OTCBB: USEI), 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, US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.

Stocks in the news as of late include: Microsoft Corp. (NASDAQ: MSFT), JDS Uniphase Corp. (NASDAQ: JDSU), and General Motors Corporation (NYSE: GM).

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