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US Energy Initiatives to Acquire Encore Energy Solutions, LLC

Posted on: Wednesday, 24 May 2006, 18:00 CDT

US Energy Initiatives Corporation ("US Energy" or the "Company") (HYFS) (OTCBB:HYFS), manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced it has agreed to acquire Encore Energy Solutions, LLC ("Encore").

Formed in December 2003, Encore is an energy management company that advises fortune 500 companies and procures energy (natural gas, diesel, gasoline) for its clientele at the best possible rate. Encore is engaged in Electric and Natural Gas Management, Energy Budgeting and Forecast, Market Analysis and Risk Management, Power and Cogeneration Development and Natural Gas in Florida. Mr. Hart brings over 35 years energy related experience and will manage the sales and marketing for the Company's growing portfolio of energy related technologies.

"We currently have over 70 years experience in alternative fuels with our Atlanta-based management team," said US Energy CEO Mark Clancy. "Ed brings over 35 years experience in energy related activities involving fortune 500 companies. Encore itself is a profitable, operating entity that will greatly compliment our marketing program. Ed will join our team as the President of Encore and to oversee the marketing of our portfolio of technologies," concluded Mr. Clancy.

About US Energy Initiatives Corporation (OTCBB:HYFS). US Energy was formed in 1996 to deliver its patent dual-fuel diesel to natural gas conversion technology. 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 Natural Gas Vehicle Institute, http://www.ngvi.com; General Motors (NYSE:GM), http://www.gm.com; United Parcel Service (NYSE:UPS), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.

Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes,""anticipates,""intends,""plans,""expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future US Energy Initiatives actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.

Source: Business Wire

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