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US Energy Initiatives Acquires Automated Engineering Corporation
Wednesday June 14, 7:00 am ET
15-Year Old Electronics Manufacturer Expands USEI Capabilities
TAMPA, Fla.--(BUSINESS WIRE)--June 14, 2006--US Energy Initiatives Corporation (OTCBB:USEI - News; US Energy or the "Company") the manufacturer of a patent dual fuel diesel to natural gas conversion system, today announced the acquisition of Automated Engineering Corporation ("AEC"), an electronics design and manufacturing company.
"High quality, a fifteen plus year track record of satisfied customers, and professional ISO 9001:2000 certifications were our main considerations in this strategic acquisition," said USEI CEO Mark Clancy. "With 2005 revenues of approximately $1,800,000, this profitable electronics design and manufacturing company is key to our plan of execution. The core of our patent dual fuel system is contained in our electronic control unit. Bringing this capability in-house allows us maximum control over deliverable timing and quality. Recently we've announced substantial agreements for the sale of our conversion systems both in the aftermarket as well as the OEM arena. As we now shift our focus to one of production, delivery and payment, our ability to ensure reliable delivery of a quality product is key to our long-term success. In addition, AEC has a foundation of revenue which we can build upon independent of the in-house production of our patent system," concluded Mr. Clancy.
About US Energy Initiatives Corporation. (OTCBB:USEI - News), formed in 1996, manufactures and markets its patent dual-fuel diesel to natural gas conversion technology through the automotive aftermarket and through certain original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia.
The Company's current clients include
General Motors (NYSE:GM - News),
United Parcel Service (NYSE:UPS - News),
US Postal Service;
Dallas County School System,
Portland, Oregon School System;
Oklahoma Natural Gas and a host of private purchasers.
About Automated Engineering Corporation. (AEC) Tampa, Florida-based Automated Engineering Corporation, incorporated in 1987, began as an electronics design and manufacturing company. The primary focus of the company was providing OEM instrumentation and control electronics to the RV and consumer markets. Since its founding, AEC has been a leader in innovative design across a variety of electronic safety, metering, and control devices. In 1991 AEC entered into the field of Contract Manufacturing to better serve the needs of a broader range of clients.
General Motors Thailand Executes Memo of Understanding with US Energy Initiatives Corporation
Monday June 12, 4:05 pm ET
Hybrid Fuel Technology Selected for Colorado DieselCNG Program
TAMPA, Fla.--(BUSINESS WIRE)--June 12, 2006--US Energy Initiatives Corporation (OTCBB:USEI - News; "US Energy" or the "Company") a manufacturer of a patent dual-fuel diesel to natural gas conversion technology referred to as Hybrid Fuel Systems, today announced the Company has executed a Memorandum of Understanding (MOU) with General Motors Thailand (GMTH) to provide the Hybrid Fuel System for use with the GMTH Colorado Diesel/CNG program. Under the terms of the MOU, the Company is designated as a Tier 1 vendor and shall be the manufacturer of record. The program envisions first vehicles during the fourth quarter 2006.
"We are pleased to have been selected by GMTH for this critical project," said US Energy CEO Mark Clancy. "Thailand is an exciting marketplace and aligning our dual fuel system with the world's largest automotive OEM creates a strong opportunity for our growth. While a milestone such as this is a company wide, team effort, I would recognize two behind the scenes contributors. We recognize Frank Davis for his 30 years of dedication to our industry and for possessing the creative ingenuity which led to five patents, a strong technology and the cornerstone of our company. We also recognize John Stanton, our Chairman of the Board whose strategic guidance and business acumen has proven invaluable in our march forward," concluded Mr. Clancy.
About the Thailand Automotive Market: The following description was extracted from Thailand Automotive Industry Update: 2005. The "Detroit of Asia", Thailand is the second largest pick-up truck market after the US. The Thai automotive Industry accounted for 12% of the Thai GDP and last year generated that country's second highest level of export revenue. The number of cars and trucks produced in Thailand between January and August 2005 increased 22% to 710,889 units and is expected to exceed 1,000,000 for 2006. Of vehicles produced, 38% were for export. GM is investing Bt2.7 (Thai Baht) for a new paint shop at its Rayong plant and raise production capacity from 110,000 units per year to 160,000 units per year. GM's expansion is to meet increased demand for Chevrolet vehicles in Thailand as well as 100 export markets around the world. The full article on the Thai auto market can be seen at http://www.business-in-asia.com/auto_article2.html.
About US Energy Initiatives Corporation: US Energy Initiatives Corporation (OTCBB:USEI - News), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia.
The Company's current clients include
General Motors (NYSE:GM - News),
United Parcel Service (NYSE:UPS - News),
US Postal Service;
Dallas County School System,
Portland, Oregon School System;
Oklahoma Natural Gas and a host of private purchasers.
Contact:
US Energy Initiatives Corporation, Tampa
Mark Clancy, 813-287-5787
http://www.usenergyic.com
Source: US Energy Initiatives Corporation
Newbie at 45K shares. wish i knew about this at .03-.19 but feel confident at .30 pps. I don't think it's unrealistic to think this could hit a buck within 12 months if they can get the payroll issue cleaned up and announce 4th quarter revenue estimates.
good luck all
US Energy Initiatives Corporation Announces New Trading Symbol
Monday June 5, 12:55 pm ET
Hybrid Fuel Systems Technology
TAMPA, Fla.--(BUSINESS WIRE)--June 5, 2006--US Energy Initiatives Corporation ("US Energy" or the "Company") (OTCBB:USEI - News), a manufacturer of a patent dual-fuel diesel to natural gas conversion technology referred to as Hybrid Fuel Systems, today announced it has been assigned a new trading symbol "USEI." Previously, the Company's securities traded under the symbol HYFS. Effective June 5, 2006, the Company's new trading symbol is USEI.
About US Energy Initiatives Corporation. (OTCBB:USEI - News), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM - News), http://www.gm.com; United Parcel Service (NYSE:UPS - News), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
Contact:
US Energy Initiatives Corporation, Tampa
Mark Clancy, 813-287-5787 ext. 222
http://www.usenergyic.com
--------------------------------------------------------------------------------
Source: US Energy Initiatives Corporation
nice read...GLTA
5-31-06 PR US Energy Initiatives Contracts for the Sale of 1,500 Dual Fuel Systems
Wednesday May 31, 7:00 am ET
Previously Developed Isuzu 2.5 and 3.0L Common-Rail Systems Ready for Deployment
TAMPA, Fla.--(BUSINESS WIRE)--May 31, 2006--US Energy Initiatives Corporation ("US Energy" or the "Company")
(OTCBB:HYFS - News), a manufacturer of a patent dual-fuel diesel to natural gas conversion technology referred to as Hybrid Fuel Systems, today announced it has executed an agreement with Autogas (Thailand) Ltd. registered in Thailand as (Greengas NGV).
"Autogas is a six-year old Thailand-based company," said US Energy CEO Mark Clancy, "and we're excited to have such a strong partner in this critical market. We are also pleased to deliver this first significant order for our technology to our shareholders. As we gear up our enterprise to react to the OEM universe, this major aftermarket project will allow us to build-out our Thailand-based service and support capability. We anticipate we will begin deliverables against this agreement during the late third quarter, early fourth quarter and look to make a meaningful impact to our revenues in the fourth quarter of this year," concluded Mr. Clancy.
"In addition to our anticipated work with the Isuzu engines, on our behalf, US Energy is also developing a dual fuel system for Nissan 454 series, the Hino H07 series and the Mitsubishi FD series," said Autogas CEO Robin Hughes. "The potential for these three engines for our existing portfolio of clients runs to over 3,000 vehicles. Autogas is delighted to have acquired the rights to market and distribute the US Energy proven dual-fuel diesel to natural gas systems in Thailand. EPA approval on engine platforms in the USA provides us with the comfort that we will adhere to the highest levels of engineering integrity and emissions reductions on all types of engine applications," concluded Mr. Hughes.
About US Energy Initiatives Corporation (OTCBB:HYFS - News). US Energy, formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM - News), http://www.gm.com; United Parcel Service (NYSE:UPS - News), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
About Autogas (Thailand) Ltd. (ETS). Autogas-Thailand is recognized as an innovative project solutions company in all areas of alternative fuels including vehicle conversions, fuel dispensation, warranty and after market service. US Energy completes our matrix of opportunity.
Contact:
US Energy Initiatives Corporation, Tampa
Mark Clancy, 813-287-5787
http://www.usenergyic.com
--------------------------------------------------------------------------------
To OTC Journal Members:
On to a new and timely idea. In the April 8th edition I mentioned that I would be looking for new ideas in small companies that could generate attention from national media. I like those big, streaky runs when stocks get noticed. They make for great profit opportunities. Here's the first of two new ideas positioned to generate some serious attention. With oil spiking to new all time highs at $70 plus, it's very timely. I'll let CNBC do the talking for me and you be the judge.
US Energy Initiatives (OTC BB: HYFS)
(Former Name: Hybrid Fuel):
The Right Idea At the Right Time
Anybody thinking about rising fuel costs these days? It would appear $3 plus gas at the pump is here to stay.US Energy of Tampa, Florida is offering a fuel and money saving solution. In order to avoid confusion, you should know the company recently changed names to US Energy Initiatives Corp, but still shows as Hybrid Fuel at many quote sites.
I was going to publish on this stock Tuesday after the close, but a 30% surge in price that day on big volume held me back. I am emphatic about helping you trade smart. Accumulating these stocks on the 61.8% retracements is a must. HYFS hit the number today- time to grab the pullback.
HYFS manufactures and markets retrofit systems that allow engines to run on two different types of fuel simultaneously. This is known as "Dual Fuel Technology".
The company is focusing its sales efforts today on the diesel engine market, but has other applications with its core technology.
In short, you take a diesel engine, invest about $4,500 with HYFS, retrofit it with their system, and then burn diesel fuel and natural gas or liquefied natural gas simultaneously.
Net return to owner in fuel savings: complete return on investment of initial cash lay out in 8 to 12 months, depending on the engine and its usage.
Consider the chart. This chart depicts the price of Crude Oil vs Natural Gas in BOE (barrel of oil equivalents). Both peaked simultaneously in December. However, since then, oil has charged to new highs, while natural gas has cratered despite dire predictions to the contrary.
Personally, I don't buy into the concept that skyrocketing oil prices are the result of supply/demand imbalances- I believe geopolitical risk is a major component in the pricing. Note that in the last month the price of oil has spiked to a new high as Iran threatened to become a nuclear power and the war in Iraq drags on. Natural gas has remained low because it is harvested regionally, and therefore not subject to international market speculation.
Once installed, the HYFS system not only reduces fuel consumption considerably without sacrificing performance, it also reduces pollutants dramatically.
"There's even a way to harness the power of hybrid without replacing the entire truck"
Melissa Lee from Going Green Report Aired 3/30/06 on CNBC
Looking for an idea in a low priced stock with lots of upside that could get considerable media coverage? I'll let CNBC do the talking for me. Here's a video clip from a special report aired on CNBC included Hybrid Fuel Systems as an up and comer in the fuel savings arena:
Simply Click Here to view the video. Your video player- either Windows Media, Real Time, or QuikTime should automatically open and play the video. If you don't have a media player or speakers, you will not be able to view the presentation. It runs 3 minutes 26 seconds. If this company starts delivering major sales contracts, it could be the best 3 minute 26 seconds you ever invested in your life, provided you own the stock.
Here's the url for those tech saavy individuals: http://www.otcjournal.com/news_images/hybrid.wmv
Here's a couple of pictures of a retrofitted vehicle. This is the Trash Hauler shown in the CNBC video clip. The system is bolted in the engine compartment. It requires two technicians and one day's work.
Throughout the remainder of 2006 I expect the company to gain considerable sales traction- especially in the Far East. As Melissa Lee points out in the video clip, the price of diesel in the Far East runs as much as seven times the price in North America. In addition, there is a great concentration of heavy equipment doing a lot of work in China and other regions of the Far East-the market is enormous for their products, and the equipment is only out of service for one day to complete the retrofit process.
HYFS recently filed it's year end numbers for 2005. On paper, the company lost $3.26 million on $652K in sales. Sales were up 470% over the previous year, but still at an anemic number. I expect the top line to improve considerably in 2006 by a much greater margin.
As of March 24th, HYFS had about 105 million shares issued and outstanding, yielding a total market value of about $28.5 million. Clearly, the stock is not trading on its trailing numbers. The market has great expectations for this company.
Sticking with our discipline of accumulating on retracements, the chart tells me one should be accumulating this stock between $.27 and $.33
(between the 61.8% and .382% levels).
What's our upside? I believe it is simply a function of sales announcements. The larger the sales, and the more high profile the customer, the better the stock will trade. I would not be embarking on coverage of this company if they didn't have a full pipeline. Not all sales will come to fruition. However, after extensive conversations with management, I like our chances. Certainly, with oil making new all time highs, this stock will catch the attention of the market if and when they deliver.
Moreover, retrofitting is not the only avenue they are pursuing. They are in discussions with several OEMs (Original Equipment Manufacturers) to include the system on new equipment.
If the market decides to sell off due to fears of inflation on the heels of skyrocketing oil and gold, this stock will serve as an excellent hedge against a correction in other sectors.
As sales are delivered, I believe we have a good opportunity for main stream media coverage. You can see what happened on the chart from the CNBC coverage- a 4 million share day and a new multi month high. I see this kind of spike happening again in the future.
After all, consider the following. In Lee's report she mentions UPS, Fedex, Eaton Corp (ETN), and US Energy Initiatives (HYFS). Of the four, only two have actually developed technology, making them investment candidates. The other two are consumers of the technology. Of the two in which you can invest, one is much riskier, but has far more upside from where it stands today. You do the math.
Accumulate between $.27 and $.33 for the next event driven surge. This level should just be the beginning. This one is sure to have tradable surges. Longer term upside: If the company can deliver on some of the opportunities in its pipeline, I could see it(HYFS) at $1.00 down the high oil/lower natural gas cost road.
Market-Pulse.com Announces Trade Alert for U.S. Energy Initiatives Corporation
Friday May 19, 9:05 am ET
ATLANTA, May 19, 2006 (PRIMEZONE) -- Market-Pulse.com announces its trade alert for U.S. Energy Initiatives Corporation (OTC BB:HYFS.OB - News). According to Bernard R. Schmitt of Market Pulse, ``The company just had excellent news out after yesterday's bell announcing it has completed development of one 60 Series Detroit System for Solid Waste Authority of Central Ohio's (SWACO) 2005 Sterling truck.'' The project included the development of a diesel/CNG duel fuel system for the Detroit 60 Series diesel engine with electronic injection.
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The engine is fitted in a truck/tractor and is used in bulk trash transferring in the Columbus, Ohio Region. This first truck will be evaluated for 3-6 months and a decision will be made regarding converting -- 25 additional trucks. SWACO plans on showcasing the Sterling truck during a heavy-duty CNG applications and technologies seminar at Clean Fuels Ohio, May 23, 2006.
In a press release issued after yesterday's bell by U.S. Energy Initiatives Corp, CEO Mark Clancy commented, ``We are pleased to have been selected by SWACO for this project. The field testing we are about to begin will expose our system to the use of landfill gas and certain biofuels. We look forward to demonstrating the versatility of our technology while simultaneously showcasing the economic and environmental benefits of cleaner burning fuels.''
SWACO is the Solid Waste Authority of Central Ohio. They are one of the 52 solid waste districts created by the Ohio General Assembly in 1989. Each of those districts were established with the mission of reducing our reliance on landfills. Since birth, SWACO has become a catalyst for recycling and reuse programs in Franklin County and within their district. SWACO continues to pioneer with leading edge programs that find new uses for our ``trash of the past, present and future.''
U.S. Energy Initiatives Corporation (OTC BB:HYFS.OB - News), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000-square-foot, state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors, United Parcel Service, U.S. Postal Service; Dallas County School System; Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers. For more information contact CEO Mark Clancy at the Company's corporate headquarters at 813-287-5787 ext. 222 or visit the Company's web site at http://www.usenergyic.com.
About Market-Pulse.com
Market Pulse LLC, the owner and operator of Market-Pulse.com (collectively referred to as ``MP''), is a leading investor relations firm whose primary focus is promoting awareness among brokers, investors, and others in the investment community who are interested in small and micro-cap companies. MP is dedicated to helping publicly traded companies gain the exposure they need to move forward with the development of their business plans. MP's goal is to feature equity investments in micro or small capitalization companies that have the potential for long-term appreciation. MP provides investors with a complete suite of online interactive financial data and tools that includes quotes, charts, company profiles, news, market commentary and SEC filings, just to name a few. MP offers a free financial newsletter. To subscribe or get more information, visit our home page located at http://www.market-pulse.com.
HYFS: Amalfi Research Group Initiates Coverage Of US Energy Initiatives Corporation
Tuesday May 2, 6:00 am ET
Hybrid Fuel Systems Technology
TAMPA, Fla.--(BUSINESS WIRE)--May 2, 2006--US Energy Initiatives Corporation ("US Energy" or the "Company") (OTCBB:HYFS - News), a manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced that Amalfi Research Group has initiated coverage of the Company.
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The entire comprehensive report can be viewed by visiting http://www.amalfiresearch.com.
About Amalfi Research Group, Ltd. "ARG". ARG is a highly specialized provider of market intelligence, high quality analytical reports, and strategic advisory services for the capital markets. Cumulatively, the ARG team has amassed more than 20 years of experience across a wide variety of business areas including strategic market analysis and securities trading, corporate research, technology consulting, and direct mail/internet marketing. ARG is strongly devoted to the research and analysis of the often overlooked intricacies and nuances of emerging small cap organizations. Through comprehensive research reports and frequent Internet research updates, ARG is able to provide the most thorough coverage of the small cap and blue chip markets. For more information please contact us at info@AmalfiResearch.com.
About US Energy Initiatives Corporation. (OTCBB:HYFS - News), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM - News), http://www.gm.com; United Parcel Service (NYSE:UPS - News), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers. For more information contact CEO Mark Clancy at the Company's corporate headquarters at 813-287-5787 or visit the Company's web site at http://www.usenergyic.com.
US Energy Initiatives Corporation Reports 470% Increase in Annual Revenues for 2005
Tuesday April 18, 7:00 am ET
Shareholders' Deficit Down 86% over a Two Year Period
TAMPA, Fla.--(BUSINESS WIRE)--April 18, 2006--US Energy Initiatives Corporation ("US Energy" or the "Company") (formerly Hybrid Fuel Systems, Inc.) (OTCBB:HYFS - News), manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced revenues of $652,400 and loss from operations of $(3,384,312) for the year ended December 31, 2005 as compared to revenues of $138,724 and a loss from operations of $(2,033,709) for the same period ended December 31, 2004.
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"Our revenues at the year end 2005 were greater than our revenues for the three previous years combined," said US Energy CEO Mark Clancy. "While we are encouraged by this growth, there are two other aspects to US Energy that we believe further demonstrated we're on the right track. When we came on board during January 2004, we inherited a Shareholders' Deficit of $(1,949,683). For the year ended December 2004, we reduced the Shareholders' Deficit to $(671,253), a 65% reduction. We continued that trend and at the year ended December 31, 2005, we had further reduced Shareholders' Deficit down to $(271,577) or another 59.6% reduction. Overall, during the past two years, we have eliminated 86.1% of the Shareholders' Deficit. While this trend is promising, our marketing program geared to the original equipment manufacturer holds great hope for our near term outlook," continued Mr. Clancy.
"During the first quarter, 2005, we embarked on a strategy that envisioned delivery of our technology through automotive OEMs. A part of our strategy was constructing our development facility in Peachtree City, Georgia. Since June 2005, we have been actively engaged by OEMs and have now matured these relationships through the proto-type/field trial stage. Should we be successful in concluding one or more of these OEMs, we would be in a position to offer some tangible revenues and earnings guidance and evolve from the development to the operation stage of our business cycle. We are confident of concluding one or more of our client OEMs during the second quarter 2006," concluded Mr. Clancy.
Statement of Operations 2005 2004
----------------------------------
Revenue $ 652,400 $ 138,724
Loss from Operations $ (3,384,312) $ (2,033,709)
Weighted common shares outstanding 88,909,988 23,857,093
Basic and diluted loss per share $ (0.09) $ (0.12)
Balance Sheet
----------------------------------
Cash $ 818,557 $ 2,025
Current Assets $ 3,858,816 $ 73,498
Current Liabilities $ 4,130,393 $ 753,258
Shareholders' Equity (deficit) $ (271,577) $ (671,253)
About US Energy Initiatives Corporation (OTCBB:HYFS - News), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM - News), http://www.gm.com; United Parcel Service (NYSE:UPS - News), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
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 Hybrid 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:
US Energy Initiatives Corporation, Tampa
Mark Clancy, 813-287-5787, ext. 222
http://www.usenergyic.com
Looking strong today.
Continuing the uptrend.
Seller seems done for now. Non-dilutive financing from now on according to the 8K. A little more news gets the next level IMO.
Well, somehow I missed it on TV completely. Saw the article today about the notes and not diluting, so that is a good thing. Thanks POKER... I will sit tight on this one...;)))))
NEWS!!
US Energy Initiatives Redeems Convertible Notes; Three of Four Equity Funds Repaid in Cash
US Energy Initiatives ("USEIC" or the "Company") (OTCBB:HYFS), (formerly Hybrid Fuel Systems, Inc.), manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced that on March 28, 2006, the Company redeemed outstanding convertible notes with various investors which were issued in connection with financings concluding during April 2005.
"We are very pleased to redeem this financing through the payment of cash rather than converting this debt into additional shares of our common stock," said USEIC CEO Mark Clancy. "We enjoyed a strong relationship with our financing partners during a critical phase in our development. The opportunity to take out this convertible debt is good for our financing partners who are repaid in full and for our shareholders as we can avoid the dilution that would have occurred," concluded Mr. Clancy.
About US Energy Initiatives Corporation (OTCBB:HYFS)
Formed in 1996, USEIC delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM), http://www.gm.com; United Parcel Service (NYSE:UPS), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
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 Hybrid 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.
US Energy Initiatives Corporation, Tampa
Mark Clancy, 813-287-5787 or 813-624-5515 (cell)
http://www.hybridfuelsystems.com
Source: Business Wire (March 31, 2006 - 7:30 AM EST)
News by QuoteMedia
www.quotemedia.com
it was under there new name US Energy Initiatives .....they didnt mention the symbol...which sucks
Did I MISS it?? Got caught on the phone, and couldn't watch, but didn't see anything when I WAS watching. Did YOU see anything? OR are they wrong on the time or date? I know,I know it is 10 til 1pm, maybe still coming? thanks ;)))))
HAHA WERE GONNA BE IN THE MONEY!!!.......to get on msnbc they must think they have something big
THANKS POKER!!!! :)
got MSNBC on??
waiting to see the coverage...............
March 30, 2006 - 10:52 AM EST
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US Energy Initiatives Corporation to be Featured on MSNBC March 30, 2006 - Hybrid Fuel Systems Technology
US Energy Initiatives ("USEIC" or the "Company") (OTCBB:HYFS), (formerly Hybrid Fuel Systems, Inc.) manufacturer of a patent dual-fuel diesel to natural gas conversion technology today announced USEIC will be featured on MSNBC March 30, 2006 during the EST noon time hour and again during the 4:00PM hour.
About US Energy Initiatives
US Energy Initiatives (OTCBB:HYFS), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM), http://www.gm.com; United Parcel Service (NYSE:UPS), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
For information at the Company contact CEO Mark Clancy the Company's corporate headquarters at 813-287-5787 ext. 222 or by cellular phone at 813-624-5515 or visit the Company's web site at http://www.hybridfuelsystems.com
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 Hybrid 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.
US Energy Initiatives, Tampa
Mark Clancy, 813-287-5787 ext. 222
Source: Business Wire (March 30, 2006 - 10:52 AM EST)
News by QuoteMedia
www.quotemedia.com
Hey folks kind of a dead board huh?
Well today's action might help liven up the place.. HYFS NEWS is out!
Hey-- anyone there??? This puppy is looking GREAT today!!!!! ;)))))))
anyone stil in this? im in at .19 waiting for some great news.....some buying today....up to .205
$18.8K Buy afterhours.....the price was driven down on good news so that 100000 shares could be traded afterhours....let this stock go!
HYFS $35K and $51K buys afterhours last week
Shares Outstanding: 101.42M
Float: 35.89M
Hybrid Fuel Systems Receives EPA Certificate of Conformity for the Company's Dual-Fuel Diesel System
Wednesday February 1, 7:31 am ET
TAMPA, Fla.--(BUSINESS WIRE)--Feb. 1, 2006--Hybrid Fuel Systems, Inc., ("Hybrid" or the Company") (OTCBB: HYFS - News) today announced the receipt of the US Environmental Protection Agency (EPA) Conversion System Certificate of Conformity for the Company's patent dual-fuel diesel conversion system. The Certificate of Conformity was declared effective January 19, 2006.
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Applicable to the Company's dual-fuel diesel system installed on Mack engine families, the Certificate of Conformity allows Hybrid to now pursue domestic conversion opportunities primarily in the refuse hauling segment of the US market place. "We are pleased with this official Certificate for several reasons," stated Hybrid CEO Mark Clancy. "While we have had some success with certifying our portfolio of gasoline systems, adding our first dual-fuel diesel Certificate opens several new marketing channels. We also believe that our dual-fuel diesel Certificate is the first for a small volume manufacturer in the US aftermarket and can aid in differentiating our technology and our Company," concluded Mr. Clancy.
Sheri Vanhooser, the Company's Vice President Business Development said, "As a Company we are proud to lead the way in demonstrating that the technology exists today to bring diesel vehicles into compliance with current emission standards. Working through our development facility in Atlanta, we now anticipate adding several more diesel engine platforms to our portfolio of certified systems in the coming year," concluded Ms. Vanhooser.
About Hybrid Fuel Systems, Inc.: Formed in 1996, Hybrid delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM - News), http://www.gm.com; United Parcel Service (NYSE:UPS - News), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
Hybrid Fuel Systems Issued China Patent for Dual Fuel Diesel Technology
Wednesday February 15, 7:30 am ET
TAMPA, Fla.--(BUSINESS WIRE)--Feb. 15, 2006--Hybrid Fuel Systems, Inc., ("Hybrid" or the "Company") (OTCBB:HYFS - News) manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced the Company has been issued a patent for its Dual Fuel Diesel Technology entitled "Methods and Apparatus for Operation of Multiple Fuel Engines" published by the Chinese Patent Office on November 23, 2005.
Hybrid Fuel Systems, Inc. holds a worldwide license to commercialize a patent system for the conversion of diesel engines to non-petroleum-based fuels such as natural gas. The Hybrid Fuel System is a patented technology for converting a wide range of existing medium and heavy-duty diesel engines to replace up to 80% of the diesel fuel with clean-burning, economical natural gas.
"In positioning our Company to enter the international marketplace, we are pleased with our progress securing critical intellectual protection for markets such as China," said Hybrid CEO Mark Clancy. "China is a particularly interesting market for our conversion technology as there is a dramatic price differential between diesel and natural gas. We will continue to seek foreign patents in markets we deem promising for growth," concluded Mr. Clancy.
About Hybrid Fuel Systems, Inc.: Hybrid Fuel Systems, Inc. (OTCBB:HYFS - News), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM - News), http://www.gm.com; United Parcel Service (NYSE:UPS - News), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
For information at the Company contact CEO Mark Clancy the Company's corporate headquarters at 813-287-5787 or by cellular phone at 813-624-5515 or visit the Company's web site at http://www.hybridfuelsystems.com
Hybrid Fuel Systems Appoints Roger Toale as Executive Vice President
Monday March 6, 11:30 am ET
TAMPA, Fla.--(BUSINESS WIRE)--March 6, 2006--Hybrid Fuel Systems, Inc., ("Hybrid" or the "Company") (OTCBB:HYFS - News), manufacturer of a patent dual-fuel diesel to natural gas conversion technology today announced the appointment of Mr. Roger Toale as the Company's Executive Vice President.
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Mr. Toale brings over 30 years experience in the application, installation, assembly and after market support of alternative fueled mobile and stationary engines from 5 to 5,000 horsepower with an emphasis on automotive and industrial original equipment manufacturers (OEM) alternative fuel programs. Mr. Toale's experiences include active participation in concept selection, design, production and after-sales support for both the General Motors and Ford alternative fuel programs. Mr. Toale has also been intimately involved in ISO and QS facility certification, product safety certification and EPA and CARB Certifications.
"Roger's diverse experiences with an emphasis on OEM support make him uniquely qualified to lead our dual fuel initiatives," said Hybrid CEO Mark Clancy. "We have strategically positioned our patent dual fuel system and support elements to deliver our technology both directly to the consumer as well as through the OEMs. In addition to our 12,000 square foot development facility in Peachtree City, Georgia, we now have 20 sales and installation centers throughout the domestic US fully trained on our light and medium weight gasoline to CNG and LPG conversions. Internationally, we are now developing systems at our Peachtree City location for four OEMs. While we still have some work to do to turn these opportunities and assets into a productive enterprise, the addition of Roger at this pivotal point in our corporate life cycle is a major advantage," concluded Mr. Clancy.
"I am both excited and thankful to be given the opportunity to join the staff of Hybrid Fuel Systems," said Roger Toale. "I am excited because the world wide price for diesel fuel continues to rise thus positioning the HYFS technology as the low cost means to convert diesel engines to operate on cheaper alternative fuels. I am thankful to be given the opportunity to lead such a fine group of dedicated individuals and to combine their skills and knowledge with mine and create a winning team," concluded Mr. Toale.
For information at the Company contact CEO Mark Clancy the Company's corporate headquarters at 813-979-9222 or by cellular phone at 813-624-5515 or visit the Company's web site at http://www.hybridfuelsystems.com
A lot going on here..is somebody keeping up this board?
Hybrid Fuel Systems in Partnership with WITCO Ltd. Completes Dual-Fuel Conversion System Lab Tests For Weichai Peterson Engine
Monday March 6, 2:50 pm ET
Field Trials in China Now Being Scheduled
TAMPA, Fla.--(BUSINESS WIRE)--March 6, 2006--Hybrid Fuel Systems, Inc., ("Hybrid" or the "Company") (OTCBB:HYFS - News), the manufacturer of a patent dual-fuel diesel to natural gas conversion technology, together with its licensee WITCO Limited (WITCO) a wholly owned division of WITCO Systems of Milwaukee, WI, USA announced today the finalized lab tests for Weichai Peterson on its Model WD615 44 Heavy Duty Diesel Engine. Further, the Company announced that WITCO has arranged for the first field-trial of the developed system to be conducted in the Province of Xinjiang, China.
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Starting in September 2005, Weichai Peterson shipped Model WD615 44 diesel engine to Hybrid's development facility in Atlanta, Georgia. Hybrid, with support from its licensee WITCO, then developed a dual-fuel diesel/natural gas system for the Weichai engine. The final development report was submitted January 9 and demonstrated the Hybrid systems was able to achieve 100% of the power and torque while operating in a dual fuel mode.
"We are pleased to now move to the next step in systems introduction with field trials," said Hybrid's CEO Mark Clancy. "This project marks our entry into the China marketplace. More importantly, this demonstrates in a tangible manner the value to Hybrid of our new development facility in Atlanta, Georgia. We now have the means to accept an engine from anywhere in the world and in a very controlled lab setting, complete our development processes in a professional and thorough manner. This opportunity would not have been possible without the dedicated efforts of our licensee WITCO," concluded Mr. Clancy.
Doug Wilson, Chairman of WITCO Limited (HK) said today: "I am pleased our team has achieved this milestone after over two years of effort and that we feel this is the first step toward our realization of a full market launch in China as the first step in a complete roll-out in Asia. We have opportunities in Indonesia, India, Malaysia and other Asian countries that are set to follow with field tests and market launch in the very near future."
About Hybrid Fuel Systems, Inc.: Hybrid Fuel Systems, Inc. (OTCBB:HYFS - News), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM - News), http://www.gm.com; United Parcel Service (NYSE:UPS - News), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
About WITCO Limited (WITCO): The company is a wholly owned division of WITCO SYSTEMS of Milwaukee, WI. The parent is a leading distributor of CNG and LPG powered industrial trucks. The company has been investing in market research and development in China for over two years. WITCO is the Company's sub-licensee for China, India, Korea and a host of countries worldwide.
About Weichai Peterson Gas Engine Co., LTD: Weichai Peterson Gas Engine Co., Ltd is a joint-venture Co. of Weichai Power and Peterson HK, specializing in the manufacture of CNG engine. Weichai Power Co., Ltd. ("Weichai Power" or "the Company"), with an estimated 70% market share for the heavy duty truck market in China, was founded by Weifang Diesel Engine Factory together with domestic and foreign investors. Weichai power is a modern enterprise as well as the major enterprise in the PRC specializing in the research and development, manufacturing and sales of diesel engines. The products are widely applicable to different markets, including heavy-duty vehicles, coaches, construction machines, vessels and power generator. The company is listed on the Hong Kong Stock Exchange symbol 2338.HK.
For information at the Company contact CEO Mark Clancy the Company's corporate headquarters at 813-979-9222 or by cellular phone at 813-624-5515 or visit the Company's web site at http://www.hybridfuelsystems.com
HYFS L2s poised and ready to run !!!!!!
Hybrid Fuel Systems Executes Sub-Licensing Agreement with UK Based BPM Diesel Engineering
Business Wire - November 22, 2005 7:30 AM (EDT)
TAMPA, Fla., Nov 22, 2005 (BUSINESS WIRE) -- Hybrid Fuel Systems, Inc. ("Hybrid" or the "Company") (OTCBB:HYFS) today announced the Company concluded an exclusive sub-license agreement with BPM Diesel Engineering ("BPM"). BPM is headquartered in Worcestershire, England. Hybrid is engaged in the automotive aftermarket through developing and commercializing systems which convert diesel and gasoline engines to operate on natural gas and propane. Under the terms of the license agreement, BPM is the exclusive representative for Hybrid's technology throughout the United Kingdom. BPM is required to purchase at least 25 systems annually in order to maintain their exclusivity.
"The success of our technology in the aftermarket is largely dependent upon aligning ourselves with the best technicians and firms in our industry," said Hybrid CEO Mark Clancy. "BPM and its Managing Director Mr. McCooey have exceeded our expectations for integrity, quality and reliability. This marks our second international sub-license and we're already experiencing the benefits of these relationships. Our sub-license with WITCO Ltd. has resulted in a current systems development project for a major Chinese OEM underway at our facility in Atlanta, Georgia. Under our sub-license with BPM, we're now shipping systems directly to England for installation at their facility. This is a good example of our two pronged marketing strategy which envisions we can reach the consumer both through the OEM as well as through direct sales," concluded Mr. Clancy.
"BPM has been working with Hybrid for several years and during the past year, we have jointly been running a field test of the system here in the United Kingdom," said Mr. Barry McCooey, Managing Director of BPM. "During September, 2004, we converted an ERF ECX 6X2 tractor. In the field, the converted vehicle has proven as reliable as the dedicated diesel and our fuel displacement rate has ranged from 50% to 60% over a wide range of duty cycles and load. We are pleased to formalize our relationship with Hybrid and we're excited about the potential of the Company's technology."
About Hybrid Fuel Systems - Hybrid is engaged in the automotive aftermarket through developing and commercializing systems which convert diesel and gasoline engines to operate on natural gas and propane. The Company's principal technology is embodied in five US Patents and several foreign patents pending licensed to Hybrid on a worldwide exclusive basis. The Company also resells medium and lightweight vehicle conversion systems under an agreement with ECO Fuels, Inc. and resells and services alternative fuel filling stations. The Company markets its product line directly to OEMs as well as to consumers through a multi-state network of installation and service centers.
For information at the Company, contact CEO Mark Clancy at the Company's corporate headquarters at 813-979-9222 or by cellular phone at 813-624-5515 or visit the Company's web site at http://www.hybridfuelsystems.com.
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 Hybrid 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.
SOURCE: Hybrid Fuel Systems, Inc.
Hybrid Fuel Systems, Inc., Tampa
Mark Clancy, 813-979-9222 or 813-624-5515
http://www.hybridfuelsystems.com
HYFS Hybrid Fuel Systems Receives EPA Conversion System Certifications for 2003 and 2005 Gasoline Vehicles
Business Wire - November 9, 2005 7:30 AM (EDT)
TAMPA, Fla., Nov 09, 2005 (BUSINESS WIRE) -- Hybrid Fuel Systems, Inc., ("Hybrid" or the "Company") (OTCBB:HYFS) today announced receipt of United States Environmental Protection Agency (EPA) 2005 Certificates of Conformity for 4.8 liter gasoline to compressed natural gas (CNG) systems and 2003 Certificates of Conformity for 3.4 and 3.8 liter for gasoline to CNG systems. Popular 2005 models now eligible for conversion include Chevrolet Silverado and Sierra and 2003 models now eligible for conversion include Chevrolet Impala and Monte Carlo; Pontiac Grand Am, and Grand Prix and Oldsmobile Alero. Hybrid Fuel Systems is engaged in the automotive aftermarket through developing and commercializing systems which convert diesel and gasoline engines to operate on natural gas and propane.
"We are very pleased to add these newest EPA certifications to our portfolio," said Hybrid CEO Mark Clancy. "In addition to our development work with various original equipment manufacturers (OEM), we are enjoying a renewed interest in our product line directly from consumers. The price disparity between either diesel or gasoline and alternatives such as natural gas or propane have become a fixture in our industry. We are pleased to bring affordable conversion solutions to many popular models on our roads today and we look forward to adding more EPA certified platforms to our portfolio in the coming new year," concluded Mr. Clancy.
About Hybrid Fuel Systems, Inc. -- Hybrid is engaged in the automotive aftermarket through developing and commercializing systems which convert diesel and gasoline engines to operate on natural gas and propane. The Company's principal technology is embodied in five US Patents and several foreign patents pending licensed to Hybrid on a world-wide exclusive basis. The Company also resells medium and light-weight vehicle conversion systems under an agreement with ECO Fuels, Inc. and resells and services alternative fuel filling stations. The Company markets its product line directly to OEMs as well as to consumers through a multi-state network of installation and service centers.
For information at the Company contact CEO Mark Clancy the Company's corporate headquarters at 813-979-9222 or by cellular phone at 813-624-5515 or visit the Company's web site at http://www.hybridfuelsystems.com.
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 Hybrid 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.
SOURCE: Hybrid Fuel Systems, Inc.
Hybrid Fuel Systems, Inc., Tampa
Mark Clancy, 813-979-9222
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