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The market took its biggest hit all year last week. With growing uncertainty of what the Federal Reserves next move might be, many investors are seeking shelter.

The increasing volatily seems to only be added to the fears. Several times in recent trading sessions, the market has gapped up substancially, only to give back those early morning gains and close down on the day. The Dow is off over 6 percent from its recent six-year of 11,642 hit last month, and down more than 355 points last week alone.

Where are the bright spots?

Stocks that are bucking the trend. NeWave, Execute Sports, Walker Financial, Network Installations and US Energy Initiatives are just a few that are doing just that.

Since May 10th, NeWave, Inc. (OTCBB: NWWV) has risen nearly 60%, on huge volume. Execute Sports, Inc. (OTCBB: EXCS) is up almost 15%. After finding a good support area, this stock too began to rise. Walker Finacial Corp. (OTCBB: WLKF) was at $0.105 on May 10th. It closed at $0.125 on Friday, up 19%. Network Installations Corp. (OTCBB: NWKI) and US Energy Initiatives Corp. (OTCBB: USEI) although not up as impressively as the others, are up 3% and 1% respectively.

Compare this to a 6% decline in the Dow and an overall market deciline of over 3% just last week.

Stocks that are strong enough to swim against the current, tend to really move when the tide turns in their direction.

US Energy Initiatives Corporation’s symbol change went into effect this morning. The new trading symbol is USEI (formerly HYFS).

US Energy Initiatives Corporation (OTCBB:USEI), 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), www.gm.com, United Parcel Service (NYSE:UPS), www.ups.com, US Postal Service, Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.

www.usenergyic.com

Monday Jun 5th 2006 – Friday Jun 9th 2006

Revenues are getting better by the quarter…Profit has become a reality…Membership is continues to surge…The stock price has doubled since March 21st…What could make this picture any brighter?

NeWave, Inc. announces today that they have reduced their debt by an additional $550,000 from cash generated from operations!

NeWave CEO Michael Hill stated, “Over the past month, we’ve repaid $550,000 in debt from cash flow. One of our stated strategic objectives for 2006 was to decrease our debt by 50% and I am thrilled to announce that we’ve achieved that in just five months. That being said, we will continue our pursuit of significantly stronger financial performance through further debt reduction and earnings growth. We believe that these goals are attainable this year given the current robust state of our overall business and look forward to sustaining our momentum.”

With this current announcement, NeWave has reduced its company debt by over $1 million dollars so far in 2006. 

Following a great deal of promising news in recent weeks, US Energy Initiatives Corporation (OTCBB: HYFS) annouced the development of an agreement with Autogas (Thailand) Ltd. registered in Thailand as (Greengas NGV), under which USEIC will deliver 1,500 Dual Fuel Systems and Autogas will be awarded the rights to distribute USEIC’s patented dual-fuel technology in Thailand.

This contract represents a significant opportunity for USEIC and could pave the way for a number of additional large-scale contracts in the near future. Stay tuned for more updates.

Read USEIC Press Release