U.S. Energy Initiatives Corp. Inc., including its wholly owned subsidiary, USEI Cannabis Initiatives Corp., announced Tuesday that it has begun work on becoming a fully reporting company again with the intent to list on the OTC:BB. The company is working with its independent accountants, lawyers and auditors to complete its audited financial statements for its fiscal years 2011, 2012 and 2013 and will file a Form 10 with the Securities and Exchange Commission in order to become a fully reporting Company again.
According to Anthony Miller, CEO, “US Energy Initiatives Corp was a fully reporting firm from 1996 to 2011, when the former management opted to file a Form 15 (with the Securities Exchange Commission) to end our reporting status That decision was made in the best interest of the Company at that time… and now management has determined that it in the best interest of the Company to return back to transparent reporting. Management believes that becoming a fully reporting again is an integral part of our future growth strategy. Investors of all levels will soon have timely access more accurate annual and quarterly financial data. Our up-listing to the OTCQB will be completed when we finally, clear comments of or Form 10 with the SEC (that filing, including financials should be completed in the next 45 days).”
“A few weeks ago we announced that our subsidiary USEI Cannabis Initiatives was working on strategic partnerships and products and services in the Hemp and Medical Marijuana sector; look forward to important announcements and agreements very soon regarding our progress. Additional information regarding USEI Cannabis can be found on our Website @ www.useicannabis.com and sign up for our monthly newsletter which begins next month.”
About U.S. Energy Initiatives: U.S. Energy Initiatives Corporation is a diverse energy firm, that has a long history of developing hybrid fuel systems. This firm started in 1996 and has had a long successful business history of developing its business strategies. Management’s new goal is to develop its old and new technologies and to build a dynamic and diverse firm. From 2014-2015 U.S. Energy Initiatives will center on the bio-fuels, Medical Marijuana and Hemp for developing products and services. 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.