Thursday, May 10, 2012 11:35:38 AM
The Company has re-shifted its focus to capitalize on two separate Energy Initiatives; one in the
automotive sector and one in the oil, gas & technology sector.
On April 13, 2012 USEI acquired all of the assets and liabilities of AM Oil Resources &
Technology a private company that once traded as a public company under the symbol
AMOR.OB. The company has innovative oil recovery technologies and a strategy for recovering
marginally producing oil. As a result of this acquisition, our oil and gas sector will seek to acquire
and develop stranded or un-recovered oil properties for enhanced oil production, create
partnerships with operators, create strategic alliances for primary and secondary recovery, and
partner with farm-ins on properties where technology will be utilized to improve recovery efforts.
In March 21, 2012, Anthony K. Miller was appointed CEO/CFO and Director of the Company.
Prior to this Mark Clancy held those positions and the positions have been vacant since his death.
Looks like website being worked on too.
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