US Energy Initiatives Examines Multiple Opportunities Including a Gold and Silver Opportunity
US Energy Initiatives Corp (OTC PINK:USEI) is exploring multiple business ventures aimed at enhancing shareholder value, particularly in the gold and silver mining sector. The company has significant assets in Sumcoin, a cryptocurrency, valued at nearly $40 million, which it plans to leverage for growth. The management reassures stakeholders that it will not increase authorized shares or consider a reverse split. The CEO expressed optimism about upcoming strategic alliances and the favorable market conditions for gold and silver.
- Exploration of multiple business ventures, including gold and silver mining.
- Possession of nearly $40 million in Sumcoin, a cryptocurrency that could be leveraged for capital.
- Commitment to not increasing authorized shares or executing a reverse split.
- None.
WOODLAND HILLS, CA, June 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- US Energy Initiatives Corp, Inc. (OTC PINK:USEI) is pleased to announce that management has been investigating a number of business ventures that can bring significant shareholder value to the stockholders of the company. Management also invites shareholders to review an interview done this week with the company’s CEO that is informative @ https://recordings.tapeacall.com/t/heCIZr_MEpKA
According to Anthony K. Miller, CEO, "Over the course of the last two months management has been investigating opportunities that it feels will become significant ventures for the company, and the most notable is a project in the gold and silver mining industry (obviously we will explain the deal better once we get closer to a close). Management is planning to leverage its significant Sumcoin assets to dramatically transform this Company. Sumcoin is a widely held cryptographic blockchain using a scrypt proof-of-work algorithm. The Sumcoin algorithm tracks all coins in real time (it changes in price every 20 minutes) and its price is an aggregate or “SUM” of all top 100 most valuable coins by market capitalization. The Company has almost 40 million dollars of this currency that can be leveraged to capitalize on opportunities for the Company. Management has had many meetings with the principals of this deal and the ultimate goal is to bring shareholder value to USEI. Gold is at historical levels and the projections are that gold and silver are projected to continue to rise for the near-term and the future. If this deal comes to pass the market cap and value of USEI will rise dramatically. The Company is exploring at least 4 other opportunities and management will seek to make the best decision possible.
“I would also like to make it plain that we will not increase the authorized shares of the Company and there is no reverse split contemplated for the present or the future. The fundamentals of this firm are fixed and changing this structure is not in anyone’s best interest. It is still management’s belief that this company will create significant strategic alliances in the coming months according to Miller.”
ABOUT USEI: US Energy Initiatives Corp is a publicly traded company traded under the symbol USEI on OTC Markets, and the company focuses on many potential opportunities, and will leverage its assets to build a robust public company. These marketplaces are all emerging growth industries, and the company will utilize its significant assets and tools to grow the firm for its incredible future.
Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected projects of US Energy Initiative Corp. and related companies. All statements that are included in this Press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements involve known and unknown risks, assumptions, uncertainties, and other factors. Statements made in the future tense, and statements using-words-such as "may, "can," "could," "should," "predict," "aim'" "potential," "continue," "opportunity," "intend " "goal," "estimate," "expect," "expectations," "project," "projections," "plans," "anticipates," "believe," "think," "confident" "scheduled" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are not a guarantee of performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and are beyond our control.
These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. We caution you not to place undue reliance on the forward-looking statements, which speak only as of the date of this report and readers should carefully review this report in its entirety. We disclaim any obligation to update any of these forward-looking statements as a result of new information, future events, or otherwise, except as expressly required by law. Further information on our risk factors is contained in our filings with the OTC Markets and the SEC website. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
CONTACT INFORMATION
INVESTOR RELATIONS
STOCK SYMBOL: (USEI-OTC)
EMAIL: info@usenergyinitiatives.com
WEBSITE: www.usenergyinitiatives.com
TWITTER: @USEnergyinit
PHONE: 661.537.4822
LOCATION: WOODLAND HILLS, CA.
SOURCE: US Energy Initiatives Corp, Inc.
FAQ
What new business ventures is USEI pursuing?
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