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USEI Reaches New Significant Milestone and Provides Company Update Year to Date
[September 02, 2014]

USEI Reaches New Significant Milestone and Provides Company Update Year to Date


(ACCESSWIRE (Canada) Via Acquire Media NewsEdge) Category: Baystreet Newswire Company: Accesswire-MRM ID: 419748 Date: Tuesday, September 02, 2014 Ticker: PK:USEI SANTA CLARITA, CA / ACCESSWIRE / September 2, 2014 / USEI Cannabis Initiatives Corp, a wholly owned subsidiary of US Energy Initiatives Corporation, Inc. (OTC Pink: USEI) (PINKSHEETS: USEI), entered the cannabis sector over 30 weeks ago. The Company has diligently continued working on our business plan and also captured market share in the cannabis industry which has been one of our goals. We have made significant connections and believe that the future for this firm is extremely positive due to significant opportunities currently under development through our consorted efforts. Since USEI entered this sector we have announced our plans and have achieved our goals and objectives. We have exceeded our short term expectations. Our initial plan was to just grow hemp for conversion to energy (biodiesel), and when we, like everyone in the country, found it to be a fractional supply for all who desired to grow, we modified our goals and objectives to include the whole cannabis industry. Our focus has been only in the states where cannabis is legal. Colorado and the state of Washington have been our initial focus as this industry starts to evolve.



This year we mentioned our goal of developing a brand called "Real McCoy Genuine Products" and we are currently developing that brand. We have attended numerous events to create brand awareness and will continue to do that over the next couple years. Our Real McCoy Brand encompasses e-cig or vape pens, apparel and edible products infused with cannabis (significant edibles plan to be released soon). Our hope is to build a national brand over time. To date, we have sold our vapor products in dispensaries and Vape stores in California, Colorado and in our stores in the state of Washington and The HempFest 2014 (http://www.useicannabis.com/web/vape-pens/ http://www.useicannabis.com/web/usei-booth-at-hempfest-2014/) This year we also opened 2 cannabis stores in the state of Washington as a joint venture as a source of revenue for USEI. Our "The Ultimate Cure" stores featured a wide range of cannabis related products that featured a high concentration of CBD not THC. The two (2) stores are located in the State of Washington (one in Tacoma and one in Puyallup) servicing cannabis patients opened for business on August 1, 2014 (http://www.useicannabis.com/web/washington-partnerships/). Our joint venture further is responsible for developing a new line of edible infused products (with CBD) that we have already sold hundreds of in our stores and events under the brand "The Ultimate Cure". We have had numerous patients, have significant benefits from using our topicals, tinctures, oils and edible products that include pain relief, epilepsy, migraines, cancer related relief, PTSD, anxiety and more.

According to Anthony K. Miller CEO "We are not just sitting around waiting for things to happen we are actively working to transform USEI to a great cannabis firm. Today we are pleased to announce that we have signed an agreement to acquire an interest in a "recreational license" in the state of Washington. This significant milestone provides our entrance in the multibillion dollar legal recreational cannabis industry and our store is projected to produce millions of dollars annually in revenue through our efforts (more information regarding this transactions will be released in the coming weeks). Currently, Colorado and Washington are the only states that have approved recreational cannabis use and we are in that select crowd of folks".


"The first 18 dispensaries that opened in the state of Washington boast of revenues of $3.8 million dollars in the first month of business even with limited products to sell (http://www.thewire.com/politics/2014/08/washington-sold-38-million-in-recreational-weed-last-month/375819/). For the remainder of the year USEI will continue to focus on the recreational business in Washington, since we have multiple projects under development. USEI has created a Washington subsidiary and plans to put a permanent office in the state this year to be able to manage our opportunities and ventures. We are also looking at other legal states where recreational cannabis expands for potential business and looking to expand our grow partnerships with American Green and other partners that will form our strategic alliance to grow USEI, said Miller".

"The management of USEI will continue to work diligently to add shareholder value and management believes that the sole source for information regarding what the company… is doing is USEI itself; and not outside sources who create illogical scenarios designed only to create doubt regarding our activities. The growth of any firm takes planning and the plan does not always go in a straight path to get to the destination… but in every case we have multiple options to our destination. We do have a plan and have an execution strategy and when the dust settles we believe that we will get to where we are heading… to success," finally commented Miller.

About U.S. Energy Initiatives: U.S. Energy Initiatives Corporation is a diverse (OTC Pink: USEI) energy firm. This firm started in 1996 and has had a long successful business history of developing its business strategies. Management's new goal is to business and to build a dynamic and diverse firm. From 2014-2015 U.S. Energy Initiatives will center on hemp to energy, everything cannabis related and developing products and services for the marketplace. Our goal here is to become an environmentally responsible firm, marketing our products to a worldwide audience to produce significant revenue and add value for our shareholders. We will continue to develop products for the Real McCoy brand in the coming months; including some products targeted to growers of cannabis. We have very ambitious goals and objectives for USEI Cannabis and we believe that we will have a very long presence in Colorado and Washington, and wherever cannabis is legal. Our objective is to create a foundation that will be instrumental in our continued conquest to capture our market-share and create viable products that meet our goals and objectives for these markets. For more information regarding our strategies it can be found on the company’s website @ www.useicannabis.com/web/.

DISCLOSURES: "Safe Harbor" This press release contains forward-looking statements including statements regarding the timing of the revenue from the partnership and the partnership's success. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward looking statements include consumer reaction to our Cannabis products and new regulations which affect the distribution of these products. Further information on our risk factors is contained in our filings with the OTC Markets. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

CONTACT: U.S. Energy Initiatives Corporation, Inc.

Investor Relations Ph: 866 922-1116 Email: [email protected] Web: www.usenergyinit.com Web: www.useicannabis.com SOURCE: U.S. Energy Initiatives Corporation, Inc.

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