U.S. Energy Initiatives Updates Delivery of Singular 96
SANTA CLARITA, Calif., June 27, 2012 /PRNewswire/ -- U.S. ENERGY INITIATIVES CORP (USEI.OTC) announced today that the Company has found a logistic solution to supply its Singular 96™ product; and anticipates announcing the initial delivery in the near future. Its SINGULAR 96™ productis an enhanced energy feedstock, blended with methanol and gasoline commanding an industry setting 96 octane rating that is higher than any commercially available non-racing fuel. This product is designed for use in both Flex Fuel vehicles and vehicles that use unleaded gasoline.
According to Anthony Miller CEO "we previously disclosed that we have purchase orders to deliver SINGULAR 96™ to sovereign nation locations in Canada. In order to fulfill our delivery commitments, we had to resolve certain logistic solutions that would ensure continuous delivery of our product. We have already delivered additives to their proper location in Canada to pave the way for continuous shipments. We believe that we will eliminate all barriers in the coming weeks. This is a significant milestone for us, which will get USEI to positive and significant revenue generation immediately." "Our goal is and has been, to bring value to USEI without dilution and we are still on that path," concluded Miller.
About U.S. Energy Initiatives: The Company has two separate energy initiatives; one in the automotive sector and one in the oil, gas & technology sector. We will continue to develop and market our automotive technologies which we have done since 1996; and focus on manufacturing marketing GREEN retrofit systems; and market our Singular 96 fuel.
We will also acquire and develop stranded or un-recovered oil properties for enhanced oil production, create partnerships with operators, create strategic alliances for primary and secondary recovery, and partner with farm-ins on properties where technology will be utilized to improve recovery efforts. Our goal here is to become an environmentally responsible oil and gas company; utilizing all methods available to improve oil recovery.
We will market our products to a worldwide market 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 AM Oil'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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SOURCE U.S. Energy Initiatives Corp