SOURCE: U.S. Energy Initiatives Corp.

July 14, 2014 06:44 ET

USEI Signs Definitive Agreement

SANTA CLARITA, CA--(Marketwired - Jul 14, 2014) - USEI CANNABIS INITIATIVES CORP, A WHOLLY OWNED SUBSIDARY OF CORPORATION, INC. (OTC Pink: USEI) (PINKSHEETS: USEI), is pleased today to announce that USEI has remained diligent in its effort to execute the organizations plans and objectives. The focus is on cannabis, medical marijuana and hemp for developing products and services in the U.S. markets where cannabis is legal. Our goal this year is to continue to create Strategic Partnerships with existing cannabis related companies in the industry and market our products and to produce significant revenue, and add value for our shareholders.

According to Anthony Miller CEO "On July 1, 2014 USEI entered into a venture, and signed a definitive agreement with: The UC (dba The Ultimate Cure LLC) is a developer and marketer of various cannabis and hemp products in the state of Washington that contain cannabis and hemp (containing high CBD) without the intoxicating effects of THC. Our 'Strategic Alliance' has established and created a sales and marketing plan to immediately extend the distribution of CBD Cannabis and hemp products throughout the state of Washington wherever it is allowable. The goal for the Alliance is to work together to open two (2) initial stores in the State of Washington (one in Tacoma and one in Puyallup) that service customers needing CBD/cannabis products without the side effects of THC. Our agreement will target other regions within the state where we find compelling opportunities. Our agreement allows for our collective companies to work together to garner a significant portion of this market-share. As part of this agreement USEI will market edible products in these retail locations under the name Real McCoy Genuine Products, as well as, vapor pens, topical and tinctures all under the same name (distribution of these products will not just be limited to this venture)".

"These locations will be open for business in the next 2 weeks. The facilities are currently being fully stocked and will have a wide range of cannabis related products and will target patients that possess a wide range of ailments. This is a milestone that USEI has been seeking all year... a signed agreement that allows us to market our wares in a legal marketplace. These two stores represent the first of many stores that are contemplated not only in the state of Washington but all over the country. USEI's Management objectives are to continue to pursue and expand our business into growing and recreational cannabis this year through other strategic arrangements that ultimately prove beneficial to our continued growth," further commented Miller.

Cannabidiol -- CBD -- is a compound in cannabis that has significant medical effects, but does not make people feel "stoned" and can actually counter the psychoactivity of THC. The reduced psychoactivity of CBD-rich cannabis may make it an appealing treatment option for patients seeking anti-inflammatory, anti-pain, anti-anxiety, anti-psychotic, and/or anti-spasm effects without disconcerting lethargy or dysphoria. Scientific and clinical studies underscore CBD's potential as a treatment for a wide range of conditions, including rheumatoid arthritis, diabetes, alcoholism, MS, chronic pain, schizophrenia, PTSD, antibiotic-resistant infections, epilepsy, and other neurological disorders. CBD has demonstrated neuroprotective and neurogenic effects, and its anti-cancer properties are currently being investigated at several academic research centers in the United States and elsewhere.

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 business 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. We will continue to develop products for the Real McCoy brand in the coming months; including some products targeted to growers of cannabis. We have very ambitious goals and objectives for USEI Cannabis and we believe that we will 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 conquest to capture our market-share and create viable products that meet our goals and objectives for these markets. For more information regarding our strategies it can be found on the company's website @ www.useicannabis.com/web/

DISCLOSURES: "Safe Harbor" This press release contains forward-looking statements including statements regarding the timing of the revenue from the partnership and the partnership's success. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward looking statements include consumer reaction to our Cannabis products and new regulations which affect the distribution of these products. Further information on our risk factors is contained in our filings with the OTC Markets. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

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