SOURCE: U.S. Energy Initiatives Corp.
SANTA CLARITA, CA--(Marketwired - Mar 27, 2014) - USEI Cannabis Initiatives Corp, a Wholly Owned Subsidiary of U.S. Energy Initiatives Corporation, Inc. (OTC Pink: USEI) (PINKSHEETS: USEI) -- USEI announces today that it has successfully negotiated terms with a Washington product producer that will propagate a product line in the Colorado market. After intense negotiations the parties came to a tentative agreement with terms and details to be drafted by counsel and inked by the 1st week in April. The agreement will allow USEI to begin producing edible products in Colorado almost immediately. Management will travel next week where they will host meeting with growers, producers and many other industry professionals to complete their strategic plan to extend this leg of the business entity and solidify the edible end that will also encompass oil extractions and the likes.
According to Anthony Miller, CEO, "This is step one, our next step is traveling to Colorado to meet with licensing, equipment manufacturers, and growers so that we can effectively produce cannabis extracts for ourselves and other users that will be available this year. These meetings will cover 4 consecutive additional days to enhance our launch efforts, so that we can start producing and introducing these products legally in the marketplace. Information regarding our strategies will be forthcoming in the coming weeks and basic information regarding our present cannabis subsidiary can be found on the company's website at www.useicannabis.com/web/."
About U.S. Energy Initiatives: U.S. Energy Initiatives Corporation is a diverse (OTC Pink: USEI) (PINKSHEETS: USEI) energy firm. 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 Energy, 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.