After a 2006 that saw US Energy Initiatives Corporation (OTCBB: USEI) make the switch from a promising “think tank” into an actual manufacturer and shipper of duel-fuel diesel engines, a reverse stock split still seemed a likely possibility. However, after closely examining the USEI’s ’06 performance and bright ’07 outlook management cancelled the planned reverse split.

With plans stated for striving towards profitability in '07, USEI recently announced that 2006 revenues surpassed $2.5 million. The $2.5, although not exactly staggering is still more than the company’s past seven years of revenues combined (sales from ’99 – ’05 were $2.2 million).

The company seems to have future business lined up that should lead to continued growth in 2007 and beyond. A look at today’s release (http://biz.yahoo.com/iw/070110/0201754.html) provides a long list of positive factors that should influence substantial growth over the next 12-24 months. Finally disproving skeptics arguing that contracts don't always lead to shipments and sales, USEI seems to be kicking '07 off on the right foot.

Labels: Bio Fuel, US Energy, US Energy Inititatives, USEI