SOURCE: U.S. Energy Initiatives Corp.
SANTA CLARITA, CA--(Marketwired - Feb 10, 2014) - USEI CANNABIS INITIATIVES CORP, A WHOLLY OWNED SUBSIDIARY OF U.S. ENERGY INITIATIVES CORPORATION, INC. (OTC Pink: USEI) USEI Cannabis is pleased today to announced that the Company is continuing its development efforts and making significant progress in executing its business plan.
According to Anthony Miller, CEO, "USEI Cannabis, our subsidiary, is making significant progress toward establishing strategic partnerships with companies in the Hemp and Medical Marijuana sectors. Last week, we had profitable meetings with a number of product developers, and marketers of products and services that we believe will become profitable enterprises.
"USEI Cannabis is definitely open for business... last week we got new offices for the firm in Valencia, California and today we have launched our new website (www.useicannabis.com); and this week we have almost 10 meetings set to enhance this firm. I recognize that this is not stellar news but, it is a great starting point. Note: Many of the largest firms in this cannabis sector were in our same position just 6 to12 months ago and today they are clicking on all cylinders. Cannabis products, including medical marijuana, are now permitted in about 20 states and the District of Columbia. Recreational use is legal in Washington and Colorado and now one of the largest states in the U.S. (New York) may pave the way for medical marijuana usage this week (massively expanding our industry's potential). Some experts estimate that our industry is a $40 billion dollar industry with room to grow from there. We have no plans for breaking any established laws; our goals are to create only legal products and services in this burgeoning multi-billion dollar industry."
"Management believes that USEI Cannabis will find its niche in this sector... just like the Seattle Seahawks (2013 Super Bowl winners) said... 'WHY NOT US.' Our goal is to continue to work hard and build this business. Finally, we are working hard on financing strategies to raise capital for this subsidiary (possibly through private placements) these strategies do not include massive dilutions of our stock. This is how the other firms grew to their current state (and currently growing through acquisitions and partnerships). Our industry is nowhere near maturity and our opportunities are significant, we plan only on success. We hope this press provides you with a clearer understanding of our vision and progress," further commented Miller.
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.