Over the past six months, anyone with a pulse has come to the realization at one point or another that fuel prices reaching record levels has become common place. We all do our best to combat rising fuel prices through a number of thrifty methods such as carpooling, even with despised co-workers, telecommuting, biking, and utilizing public transportation (a last resort in some cities!). Even so, the world's supply of Oil is being depleted at an alarming rate and the global economy is on a mission to discover and develop alternate fuels. This is where US Energy Initiatives (OTCBB: HYFS) intends to cash in!! Following its strict dedication to the development of Bio-Fuel products, US Energy announced today that it has acquired a world wide non-exclusive license agreement for the Catalytic Activated Vacuum Distillation (CAVD) technology from EarthFirst Technologies, Inc., (OTCBB: EFTI). Shortly following this announcement, the company stated publicly that it has received a $200,000 payment from Internal Hydro International, Inc. (OTCBB: IHDR) for the exclusive rights to deploy the CAVD technology in the European Union. This agreement will facilitate US Energy's expansion into the European marketplace and will also yield an additional $100,000 in revenues in each European country in which Internal Hydro intends to establish an operational CAVD plant. This is ultimately a win-win situation for US Energy. A company that has gained increased media attention in recent months due to its innovative product developments and dedication to combating the world's growing fuel crisis. We feel that US Energy is poised for solid near and longer term growth. Stay tuned for more sure to come news and developments.


US Energy Initiatives Acquires Non-Exclusive License for CAVD Technology from EarthFirst Technologies
Wednesday May 10, 10:47 am ET


US Energy Initiative Receives $200,000 Payment for CAVD Sub-License from Internal Hydro International
Wednesday May 10, 11:00 am ET