SOURCE: U.S. Energy Initiatives Corp.

May 01, 2014 11:28 ET

USEI Cannabis Signs Deal With Tranzbyte for Grow Facility and Dispensary to Maximize Product Development and Revenues

SANTA CLARITA, CA--(Marketwired - May 1, 2014) - USEI CANNABIS INITIATIVES CORP, A WHOLLY OWNED SUBSIDARY OF U.S. ENERGY INITIATIVES CORPORATION, INC. (OTC Pink: USEI) (PINKSHEETS: USEI) is pleased today to announce USEI Cannabis has reached an agreement with one of the premiere companies in our sector, Tranzbyte Corporation (OTC Pink: ERBB) (PINKSHEETS: ERBB) a company known for its American Green products, their innovative fully automated ZaZZZ™ Machine, a vending machine that can vend a wide range of products controlled by their cutting edge verification technology, their water technologies and for more information on them, visit their website at www.tranzbyte.com. We have signed an agreement to joint venture on a grow facility and dispensary project in the metropolitan Denver region. The project will incorporate our 'lighting technologies', their Jurassic water system, and a trial of top nutrient cannabis products being developed separately by both companies.

According to Anthony Miller CEO "We believe that this is the most significant milestone we have achieved to date. We are confident that our relationship with Tranzbyte Corporation will elevate our firm to a new level. This venture allows us to showcase all of our relationships, talents, skills, products and technologies and provide a platform for incubation of a wide range of technologies. Management has very ambitious goals and objectives for USEI Cannabis, and we intend to have a very long presence in Colorado and Washington, and wherever cannabis is legal. Our objective is to create a foundation that will be instrumental in our continued success; this relationship does this for USEI".

Its one thing to talk about your innovative products and quite another thing to ask others to believe in them. It's a whole other venture to put your own skin in the game. We know American Green products work. We also know that Anthony Miller's products work. Our combined commitment to improving grow technology is specifically focused on helping to improve the market sector for everyone," says Tranzbyte COO Stephen Shearin.

"The chance to participate on the ground floor and really get our hands dirty in the cultivation side of the business is something we are excited about. And to do it in a scenario where we believe we'll soon have the opportunity to participate in the actual public-facing side of a licensed entity; to have a venture where we are involved in the day to day business of cannabis sales; it is an opportunity we eagerly and collectively embrace," comments David Gwyther, president of Tranzbyte.

"This venture has the potential to catapult USEI into a profitable mode this year and working with partners who have such diversity and vision is a benefit to us. Our plan is to capture our market-share and create viable products that meet our goals and objectives for these markets. In the coming weeks we will disclose more information regarding our strategies. Right now information on USEI can be found on the company's website @ www.useicannabis.com/web/," further 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 hemp to energy, everything cannabis related and developing products and services for the marketplace. 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.

About Tranzbyte: The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind American Green, American Green, OneBode, The YO! Debit Card, and BancoLibre. The company expects to continue its plan to acquire, hold, or spin out successful divisions in what has been described in previous news releases as "dividend farming," Companies that qualify and decide to become public on their own will agree to carve out shares for Tranzbyte and dividends for their ERBB shareholders.

Tranzbyte also houses the company's 10-year-old technology division which is actively engaged in the sale of its optical media enhancement products to potential customers in the US and Asia. Products in the Tranzbyte division include FLASHAlbum™ and FlixStix -- technologies that the company plans to be incorporated into the Company's ZaZZZ Machine while enabling distributors of optical media (CDs, DVDs, etc.) to consolidate the best features of each medium onto a single content-protected USB flash drive.

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.

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