SOURCE: U.S. Energy Initiatives Corp.
SANTA CLARITA, CA--(Marketwired - Mar 18, 2014) - USEI Cannabis Initiatives Corp, a Wholly Owned Subsidary of U.S. Energy Initiatives Corporation, Inc. (OTC Pink: USEI) (PINKSHEETS: USEI) -- USEI's CEO, VP of Operations and Director of Business Development traveled to Seattle this past weekend to meet with product makers and to attend the MJBA Vendor Fair in Seattle Washington to find a great partner. The MJBA Vendor Fair (March 15 & 16, 2014), was produced by the Marijuana Business Association, a national industry trade group based in Seattle. Washington State's legal marijuana business community convened last weekend in Seattle for a two-day trade show featuring more than 30 of the state's top cannabis brands.
According to Anthony Miller, CEO, "We had an outstanding weekend in Seattle and found two project for strategic partnerships. Both projects have had some significant success penetrating the Washington marketplace (one is currently marketing over 30 products) and the goal for both ventures is to introduce them to Colorado consumers. We are establishing relationships in Colorado everyday and plan to obtain permanent offices in the state in the coming weeks. Next week, Management travels back to Seattle and Trachoma to finalize negotiations on these two ventures. Our tentative terms are that USEI will provide the capital for the expansion and marketing to Colorado and USEI and the firm(s) will divide the revenue after a return of the initial investment. Our goal is to provide high quality edibles, with verifiable THC content to a Colorado marketplace; a legal market that has a tremendous need for new products. As Washington's legal cannabis markets opens in the summer (2014) we should have refined our products for that burgeoning market too. Once successful here, we intend to market these products (and others) to the new markets that will ultimately open as well."
"We are also making progress in Colorado with regard to growing Hemp in 2014. We have farmers to participate in growing operations and the final goal is to procure viable hemp seeds for growing. We hope we can overcome this obstacle very soon... as the growing season is just weeks away... It is a challenge for all farmers in the state. We will continue to focus on lucrative hemp and cannabis products in Washington, Colorado and other location where cannabis it is legal... and develop partnerships and market products and services that will diversify and advance our operations. More 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 @ www.useicannabis.com/web/," commented Miller.
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.