SOURCE: US Energy Initiatives Corporation

April 30, 2007 07:00 ET

US Energy Initiatives Reports 210% Increase in Revenues for 2006 Compared to 2005

Revenues for 2006 Exceed Prior Five Years Combined

TAMPA, FL -- (MARKET WIRE) -- April 30, 2007 -- US Energy Initiatives Corporation ("US Energy" or the "Company") (OTCBB: USEI) today reported 2006 revenues of $1,375,418, a 210% increase over 2005 revenues of $652,400. Combining the years 2001 through 2005, the Company's revenues totaled $1,351,655.

The Company is comprised of two operating business segments: The HFS dual-fuel diesel to natural gas conversion system sales, and; ISO 9001 electronic manufacturing. On a segment basis, the Company's dual-fuel system sales accounted for $544,640 or approximately 40% while electronic manufacturing accounted for $830,778 or approximately 60% of revenues. However, the sale of the dual fuel system produced a gross profit of $242,581 or 58% while the electronic manufacturing division produced a gross profit of $171,876 or 42% of total gross profits.

During the coming two weeks, the Company intends to provide progress reports on its continuing successful original equipment program with a major international automotive manufacturer, the Company's $54,000,000 contract with a Thailand-based bus company and US Energy's China initiative. The Company also intends to provide progress reports on its growing electronic manufacturing division.

About US Energy Initiatives Corporation (OTCBB: USEI)

US Energy, formed in 1996, commercializes a patent dual-fuel diesel to natural gas conversion technology through the automotive aftermarket and through certain original equipment manufacturers. The Company's facilities include a state-of-the-art systems development and testing lab in PeachTree City, Georgia and an ISO-9001 certified manufacturing facility in Tampa, Florida.

Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future US Energy Initiatives actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.

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