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Micro-Cap in News; US Energy Initiatives Corporation (USEI)

By Warren Paige

US Energy Initiatives Corporation (PINK: USEI) this week announced that it entered into a joint venture with Bulova Tech Labs Inc. to distribute a fuel product that has been designed to replace the existing formulation of gasoline.

Bulova Tech is a private company located in Austin, Texas and Silicon Valley, California. The patented pending gasoline product was developed by Bulova and is called A Universal Fuel™. The product is sold under the brand name Singular 96™.

Anthony Miller, CEO of US Energy Initiatives, said that the joint venture with Bulova is a logical progression for USEI. Miller said that the relationship fits with USEI’s core business goals and objectives. Miller expects the venture to provide immediate and significant revenue to USEI.

Despite the positive development, USEI shares have fallen sharply in trading today. At last check, the stock was trading 25% lower at $0.0345 on above average volume of 11.94 million.

 

June 6th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.