USEI - U.S. Energy Initiatives Company Update
18 Giugno 2014 - 1:50PM
Marketwired
USEI - U.S. Energy Initiatives Company Update
SANTA CLARITA, CA--(Marketwired - Jun 18, 2014) - USEI Cannabis
Initiatives Corp, a wholly owned subsidiary of U.S. Energy
Initiatives Corporation, Inc. (OTC Pink: USEI) (PINKSHEETS: USEI)
is pleased today to announce that USEI is continuing to execute its
business plan and on June 27, 28 & 29 we will attend the MJBA
Vendor Fair Summer event in Seattle. This is the 3rd event that we
a have attended in the state of Washington; sponsored by the
Marijuana Business Association. This is the first time that we are
attending as a sponsor. Our goals are to expand our footprint into
the state of Washington where in just weeks the cannabis industry
will be open for business for medical and recreation just like
Colorado .
According to Anthony Miller CEO "On April 11, 2014 we provided
our last company update and that was and accurate representation of
the status of USEI on that date... and currently, almost all of
those events are in some ongoing status. Year to date, we have made
approximately 10 trips to Colorado to find new legal cannabis
business for USEI and have spent over $70,000 in the state to
enhance our opportunities and we are continuing to have a presence
in the state until we can fulfill our goals and objectives. The
only opportunity we have abandoned in the state is hemp growing in
2014 which we... like every other grower in the United States were
unsuccessful in obtaining seeds to grow hemp this year. The 2014
Farm Bill made hemp growing more legal but getting seeds from
foreign countries was impossible. Colorado is a challenging state
to do cannabis business because of their residency laws and it has
been a challenge for us. We will continue to press on to reach our
goals we just have to find new realistic timetables.
"There are two new business opportunities that we added since
that update. One was a cannabis growing opportunity with American
Green and the second was a vapor pen business with Lollipop. Our
American Green relationship is very strong and we are actively
looking at projects in Colorado, California and Washington where we
can find synergy to work together. We collectively believe that we
will develop great projects in 2014 and ongoing. Our Lollipop
venture has ended effective immediately. USEI has opted to source
vapor pens from multiple sources, as this industry is changing
rapidly and consumer desires and trends change from region to
region in the U.S. Our objective is to meet those needs in a more
proactive manner which has created a conflicting business
atmosphere. One of our goals is to establish a retail store in
the state of Washington in 2014; we feel this is in the best
interest of USEI.
"Edibles are technically not legal in any state with the
exception of Colorado. We are not going to break the law and sell
or produce edibles in states where they are not legal. We have
developed over 25 edible market ready products and have 3 bakers
ready who have developed products for USEI. In the coming weeks we
intend to have a significant presence in the state of Washington,
where we have legal residency since 2005. We will market our
edibles in the U.S. in 2014 and do it in a legal manner.
"The Management of USEI have had 100's of meetings to develop
our business plan and have had hundreds of calls to continue to
develop USEI business; and
have never broken any laws relating to cannabis or
securities. Our team has over 30 years in public company
business with over 11 public companies and me and my team have
unblemished reputations with no lawsuits or SEC issues... Check
Google not hearsay... We will continue to conduct business in that
manner.
"We recognize that our pace of completing our task have not been
stellar or even acceptable however, we will get everything done
that we are projecting to be completed. Many of them are retarded
because of regulatory issues that impede our progress. We hope that this provides some
clarity regarding USEI and any information contrary to this should
be considered inaccurate," 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 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/
MJBA Vendor Fair Summer: The best b2b trade event for
Washington's I-502 growers, processors and retailers -- and many
professional businesses who serve them. Enjoy live product
demonstrations, receive educational information, savory cooking
demonstrations and sample incredible new products. Special VIP
Speakers and Entertainment will be there. Come meet and greet
Washington's finest cannabis companies and I-502 approved
licensees', all under one roof on Saturday and Sunday June 28-29 at
Magical Butter Studios in SODO.
http://www.eventbrite.com/o/mjba-publishing-llc-6173946203?s=25770745
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.
CONTACT: U.S. Energy Initiatives Corporation, Inc. Investor
Relations Ph: 866 922-1116 Email:
info@usenergyinit.com Web: www.usenergyinit.com Web:
www.useicannabis.com
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