USEI.OB

[basonista]

Nice sustained move above both the 20 and 50ma but bumping up against resistance.

US Energy Initiatives Corporation engages in the manufacture and marketing of retrofit systems for the conversion of gasoline and diesel engines, stationary or vehicular, to nonpetroleum-based fuels, such as compressed natural gas and liquefied natural gas in the United States. It offers dual-fuel conversion system designed to convert medium and heavy-duty mobile diesel engines to operate in a natural gas/diesel dual-fuel mode. US Energy Initiatives resells a portfolio of gasoline to natural gas and propane conversion systems through both company-owned and franchised service centers and directly to domestic and international original equipment manufacturers. The company, formerly known as Hybrid Fuel Systems, Inc., was founded in 1996 and changed its name to US Energy Initiatives Corporation in 2006. US Energy Initiatives is headquartered in Tampa, Florida.

[setravis]

Fuse is lit ...
Looks like it may have put in a,
Double Bottom (reversal) Pattern


52wk Range: 0.07 - 0.10
Volume: 1,659,681
Avg Vol (3m): 342,705

Technicals
Percentage Gainer

Last Price Quote is:
11.88%above 13-day MA
20.08%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $16.97 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[setravis]

Press Release Source: US Energy Initiatives Corporation


General Motors Thailand and US Energy Initiatives Completes 100,000 Kilometer C190 Program Validation
Tuesday June 26, 8:18 am ET


Starting July 2007 GM Asia Pacific Intends to Offer the Company's Dual-Fuel System on Their C190 Colorado Pickup Throughout the 49 Countries That Constitute All Asia-Pac Countries


TAMPA, FL--(MARKET WIRE)--Jun 26, 2007 -- US Energy Initiatives Corporation (OTC BB:USEI.OB - News) (the "Company" or "US Energy") today announced that General Motors Thailand (GMTh) reported that GM Asia Pacific has completed the 100,000 kilometer durability test and engine tear down analysis for the Company's dual-fuel C190 Colorado Pickup program. GMTh indicated they plan to offer the Company's dual-fuel, diesel to natural gas conversion system starting in July 2007. US Energy, an ISO certified company, manufacturers a patented dual-fuel, diesel to natural gas conversion system.


As a part of their validation process, GMTh converted a C190 Colorado Pickup which was then driven for 100,000 kilometers. At the end of the test, the engine was torn-down and each part and component was analyzed for wear and tear. The approval means the Company's dual-fuel system had no negative effect on any aspect of the vehicle and is approved by GM Asia Pacific for immediate sale.

GMTh also notified the Company that they plan to market the C190 Colorado Pick-up with the Company's patented dual-fuel system through the 49 countries that constitute the Asia-Pac countries. In addition to Thailand, the Asia-Pac countries include China, Australia, Japan, India, Pakistan and forty-four other countries throughout the Pacific region. Originally, the GMTh program had planned to offer the dual-fuel option only in Thailand. However, based on worldwide demand to use clean-burning, inexpensive natural gas over diesel, GM Asia Pacific has greatly expanded the program launch market.

The Company considers this essential approval validates both the Company's dual-fuel technology and US Energy's original equipment manufacturer (OEM) marketing strategy. GMTh began its technology validation process in June 2005. Following the conversion of several GM vehicles, the validation process concluded with a 100,000 kilometer field trial after which the engine was torn-down and analyzed at the Vehicle Maintenance facility in Bangkok, Thailand and was supervised by GM Asia Pacific Powertrain and Technology Planning. The final approval by GM Asia Pacific means the US Energy dual-fuel technology had no negative effect on any component or aspect of the C190 Colorado Pickup.

The Company's current management team assumed operating control of US Energy during 2004. During that time, the Company established a strategy that focused on dual-fuel system sales through OEMs instead of individual unit conversions or sales through government grants. US Energy's work with GMTh began in June 2005 and has continued in a testing/validation mode since that date. With the Company's technology validated by the world's largest automotive OEM, US Energy's dual-fuel system can take its place as the world's leading choice for diesel to natural gas conversion systems.

"We are pleased to have both our technology and marketing approach receive such strong validation," said US Energy CEO Phil Rappa. "We have the manufacturing capacity to produce and ship up to 500 systems a week through our in-house electronic manufacturing facility in Tampa, Florida. In anticipation of growth beyond 2,000 system sales per month, we are validating several manufacturers that can service our needs," concluded Mr. Rappa.

About US Energy Initiatives Corporation (OTC BB:USEI.OB - News)

US Energy, formed in 1996, commercializes a patent dual-fuel diesel to natural gas conversion technology through the automotive aftermarket and through certain original equipment manufacturers. The Company's facilities include a state-of-the-art systems development and testing lab in PeachTree City, Georgia and an ISO-9001 certified manufacturing facility in Tampa, Florida.

About General Motors Corp.

General Motors, the world's largest automaker, has been the annual global industry sales leader for 76 years. Founded in 1908, GM today employs about 280,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.

Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future US Energy Initiatives actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.



Contact:
     Contact:
     For US Energy Initiatives Corporation, Tampa
     Pangea Ultima Corporation
     Mark Clancy
     813-341-4602
     http://www.usenergyic.com
     


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Source: US Energy Initiatives Corporation

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