FOR IMMEDIATE RELEASE:
April 26, 2006
(TAMPA, FL) -- US Energy Initiatives Corporation ("US Energy" or the "Company") (OTCBB:HYFS - News), a manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced the Company had received a contract for $49,500 to install an additional eleven systems for the State of New York Department of Transportation.
"With this order, we are pleased to expand the number of systems we've installed for the State of New York," said CEO Mark Clancy. "A part of our mission statement is 'to reduce toxic pollutants' and we are grateful for the opportunity to replace diesel with clean burning, economical natural gas. In today's energy marketplace, the use of natural gas instead of diesel can have a meaningful economic advantage while simultaneously reducing the most harmful pollutants," concluded Mr. Clancy.
The contract was made possible through BAF Technologies, US Energy's sub-licensee for the States of New York and Texas and funding provided through the New York State Energy Research and Development Authority (NYSERDA).
About US Energy Initiatives Corporation. (OTCBB:HYFS - News), 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 through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. 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 - News), http://www.gm.com; United Parcel Service (NYSE:UPS - News), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers. For more information contact CEO Mark Clancy at the Company's corporate headquarters @ 813-287-5787 or visit the Company's web site at http://www.usenergyic.com.
About BAF Technologies - BAF Technologies is the premier provider of natural gas and propane vehicle upfits. Founded in 1992, and headquartered in Dallas, Texas, the company supports global clients with alternative fuel systems (both LPG and CNG), application engineering, technical training, service parts, technical consulting, research and development, design, and engineered products. During the past decade, the company has been the leader in marketing and systems integration for niche markets within the AFV industry. To learn more about or to inquire about BAF's offerings, please visit http://www.BAFtechnologies.com.
About The New York State Energy Research and Development Authority (NYSERDA). NYSERDA is a public benefit corporation created in 1975 by the New York State Legislature. NYSERDA administers the New York Energy $mart(SM) program, which is designed to support certain public benefit programs during the transition to a more competitive electricity market. Some 2,700 projects in 40 programs are funded by a charge on the electricity transmitted and distributed by the State's investor-owned utilities. The New York Energy $mart(SM) program provides energy efficiency services, including those directed at the low-income sector, research and development, and environmental protection activities.
Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future US Energy Initiatives actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
Contact: US Energy Initiatives Corporation, Tampa, Mark Clancy, 813-287-5787.
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