U.S. ENERGY INITIATIVES CORPORATION , INC . (OTCPink: USEI) is pleased to announce today that the Directors of U.S. Energy Initiatives have approved a stock 20% dividend for shareholders of record on the company's record dated. The dividend will be added to the shareholders' existing shares on the pay date which is projected to be December 2, 2013.
All shareholders of record owning USEI common shares on the Record Date of November 15, 2013 shall receive a 20% dividend which translates to 1 (one) share of USEI common stock for every 5 (shares) shares held by such shareholder. For example, if a shareholder owns 500,000 shares of USEI common stock at the close of business on November 15, 2013, that shareholder shall receive 100,000 additional shares of USEI common stock, giving that shareholder a total of 600,000 shares.
According to Anthony Miller, CEO, "We have decided to award all of our loyal shareholders with this additional stock because they have stuck with us through our transitional phase. Many of our shareholders have held this stock in excess of 5 years, and they along with newer shareholders, will now become beneficiaries of our anticipated growth. Since coming onboard, in the last 2 years, our Management team has been diligently working to transform this firm's mission and provide direction that we feel will grow us over time. Everything has not gone perfect, but we have made great progress; and we feel our vision and business model will produce sustainable growth. In the coming days and weeks there will be other news related to this transaction to clarify our actions and our vision," commented Miller .
About U.S. Energy Initiatives
U.S. Energy Initiatives Corporation is a diverse (publicly traded Symbol: USEI) 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 energy firm. From 2013-2014 U.S. Energy Initiatives will center on the bio-fuels, then later its oil and gas technologies. We have decided to take this path because it provides us with the most successful path possible. We have formed joint ventures with two (2) companies that have significant success in this field, and these relationships are those that will fuel our growth. Our goal here is to become an environmentally responsible energy firm, marketing our products to a worldwide audience to produce significant revenue and add value for our shareholders
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release may contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company's filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause USEI's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.
Contact: Investor Relations
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SOURCE U.S. Energy Initiatives Corporation, Inc.
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