|By Marketwired .||
|May 12, 2014 09:15 AM EDT||
SANTA CLARITA, CA -- (Marketwired) -- 05/12/14 -- USEI Cannabis Initiatives Corp, a wholly owned subsidiary of U.S. Energy Initiatives Corporation, Inc. (OTC Pink: USEI) (PINKSHEETS: USEI) is pleased today to announce that USEI Cannabis has reached an agreement to enter into a strategic partnership with two purveyors of proprietary, high end Nicotine and Cannabis delivery systems and accessories. Lollipopvapor, a wholly owned company of Jacobsen Enterprises, agrees to enter into a strategic partnership with USEI Cannabis to supply USEI Cannabis with entry level and state of the art medical and recreational Cannabis delivery vape pens and other related devices. These devices will allow patients and recreational users to vape dry herbs, oil extracts and waxes. Additionally, we have the capacity to meet the demand needs of dispensaries California to Maine and, where applicable by law. The demand for products is ever increasing and Lollipopvapor can be a major contributor to the supply in the market with unique products consumers are seeking.
According to Anthony Miller, CEO: "We have already begun marketing products from Lollipopvapor and Hushoo by Bruno Maglioni. Our proprietary Hushoo line of products include gold, stainless, black and silver plated vapor pens for high end smokers. We have a plan to refill these pens for every dispensary that caries our line of pens. According to USEI Management, the partnership with these two firms allows us to cover the whole market. Our revenue projections are enormous for these lines of products and our goal is to capitalize on the success that these firms have already enjoyed. We expect delivery of a significant amount of inventory coming in this week and look forward to expansion into every state in the U.S since there are currently no limitations where we can market these products."
According to Ty Jacobsen of Jacobsen Enterprises: "We have a successful, proprietary line of Nicotine based flavor products which already produced gross sales in its first year of nearly 1 Million dollars. It's exciting to be adding Cannabis devices with such an experienced company who has such close ties to not only the broad industry but quality relationships with these individual dispensaries. We will be supplying USEI Cannabis with a mix of entry level and very high end devices and, where requested, we will be branding their name (The Real McCoy Genuine) Jacobsen Enterprises and USEI Cannabis will share in the proceeds of the sale of these devices Nationwide where USEI Cannabis will enjoy 40% of the net revenues. We are satisfied with this percentage of product share as we feel it will allow our footprint to grow tremendously in the industry moving forward. I also feel we are just touching the tip of the iceberg and are working to offer other product solutions to USEI Cannabis and others."
"Visit http://www.hushoo.com/index.php and www.lollipopvapor.com to see our partners. 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/... further commented Miller."
About U.S. Energy Initiatives: U.S. Energy Initiatives Corporation is a diverse (OTC Pink: USEI) (PINKSHEETS: 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 develop its old and new technologies 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.
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.
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