SANTA CLARITA, CA — (Marketwired) — 11/12/13 — (OTC Pink: USEI) is pleased to announce today that a 20% restricted stock dividend for all shareholders of record on the Company–s record date, which is this Friday November 15, 2013. The dividend will be added to the shareholders– existing shares on the pay date, which is December 2, 2013.
All shareholders of record owning USEI common shares on November 15, 2013 shall receive a 20% dividend, which translates to 1 (one) share of USEI common stock for every 5 (shares) shares held by such shareholder. For example, if a shareholder owns 500,000 shares of USEI common stock at the close of business on November 15, 2013, that shareholder shall receive 100,000 additional shares of USEI common stock, giving that shareholder a total of 600,000 shares.
“We have been working hard on a number of new projects to bring added value to the Company and we believe that U.S. Energy Initiatives has a bright future ahead. This dividend and the increase in authorized preferred shares are slated to be instrumental to our growth strategy. Management believes that the preferred shares are the key to bring new value and non dilutive financing to the Company and believes that its current and contemplated strategic partnerships are key to restoring this company to a prominent position in the energy sector. We will continue with the revenue model (producing biodiesel) we have previously released in introduce significant new ventures in the coming weeks,” commented Miller.
U.S. Energy Initiatives Corporation is a diverse (publicly traded Symbol: USEI) energy firm, that has a long history of developing hybrid fuel systems. Management–s new goal is to develop new technologies and to build a dynamic energy firm. From 2013-2014 U.S. Energy Initiatives will center on the bio-fuels, then later its oil and gas technologies. We have decided to take this path because it provides us with the most successful path possible. We have formed joint ventures with two (2) companies that have significant success in this field, and these relationships are those that will fuel our growth. Our goal here is to become an environmentally responsible energy firm, marketing our products to a worldwide audience to produce significant revenue and add value for our shareholders
“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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