US Energy Initiatives (OTC: USEI) dropped a steep 10.67% to a share price of $0.04. Shares of US Energy Initiatives opened today’s trading session with a price of $0.035, which was way below yesterday’s closing price of $0.045. The stock managed to climb up before noon and at one point peaked at a share price of $0.049. After the afternoon’s whipsaws, the stock closed at 10.67% loss in share price.
Despite today’s share price falling, US Energy Initiatives has performed respectably at over-the-counter market with a total gain of 9950% year to date. The stock rose steadily from the beginning of 2012 until May 30th, 2012, when a share of US Energy Initiatives was priced at $0.0005. It at this point that the rally began.
US Energy Initiatives has been getting onto investors’ radar and trading screens. US Energy Initiatives has two separate energy initiatives; one in the automotive sector and one in the oil, gas & technology sector. Specifically, US Energy Initiatives makes automotive technologies, manufactures and markets green retrofit systems, and markets Singular 96™ fuel – an enhanced energy feedstock that is blended with methanol and gasoline.
US Energy Initiatives is engaged in the business of manufacturing and marketing retrofit systems for the conversion of gasoline and diesel engines, (stationary or vehicular) to non-petroleum-based fuels, such as compressed natural gas and liquefied natural gas. The company holds a worldwide license to commercialize the technology embodied in five issued and one pending United States patent.
The company is focusing on research and development of conversion systems for diesel-powered engines. The company offers a dual-fuel conversion system designed to convert medium and heavy-duty mobile diesel engines to operate in a natural gas/diesel dual-fuel mode.
In June 2006, US Energy Initiatives acquired Automated Engineering Corporation (AEC). In August 2007, the Company acquired GreenTree Spray Technologies, doing business as SeaSpray Aerosol, from Nano Chemical Solutions.
Recent headlines of US Energy Initiatives include:
June 7th, 2012: US Energy Initiatives announced that the company has attached the brand SINGULAR 96™ to its gasoline replacement fuel. This 96 octane fuel is a premium grade product, competitively priced below the local prevailing price for regular grade 87 octane gasoline.
June 6th, 2012: Direct Global Media gives shareholders valuable insight on their featured oil resource company, US Energy Initiatives.
June 5th, 2012: US Energy Initiatives announced that it has entered a joint venture with BulovaTech Labs, a private company located in Austin, Texas, and Silicon Valley, California to distribute a fuel product designed to replace the current formulation of gasoline.
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