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Friday, August 25, 2006 8:25:36 PM
"We are pleased to be joining forces with Internal Hydro," said HYFS CEO Mark Clancy. "The revenues we're deriving from the licensing fees as well as our anticipation for the royalty stream from operating plans will allow us at HYFS to develop our signature biofuel. In effect, we have turned a necessary expense into a profit center. The team at Internal Hydro will be focusing on the CAVD technology together with their own unique and promising energy initiative. There are a number of synergies between HYFS and Internal Hydro that we will be investigating during the coming months," concluded Mr. Clancy.
About HYFS - US Energy Initiatives Corporation, (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. 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;
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