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US Energy Initiatives Acquires Non-Exclusive License for CAVD Technology from EarthFirst Technologies.


TAMPA, Fla. -- US Energy Initiatives Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:HYFS) ("US Energy" or the "Company"), manufacturer of a patent dual fuel diesel to natural gas conversion technology, today announced the Company has acquired a world wide non-exclusive license agreement for the Catalytic Activated Vacuum Distillation Vacuum distillation is a method of distillation whereby the pressure above the liquid mixture to be distilled is reduced to less than its vapor pressure (usually less than atmospheric) causing evaporation of the least volatile liquid(s) (those with the highest boiling points).  (CAVD CAVD Congenital Absence of the Vas Deferens ) technology from EarthFirst Technologies, Inc., (OTCBB:EFTI).

Under the terms of the license, US Energy shall issue 1,000,000 restricted common shares to be held by EFTI or distributed amongst the EFTI shareholders of record. In addition, US Energy shall pay a fee of 5% of revenues of all sales related to the licensed technology. The license grants to HYFS a world-wide non-exclusive right to commercialize the CAVD technology and to manage the previous agreement with Internal Hydro International.

"The CAVD technology has shown great promise in the biofuel bi·o·fuel  
n.
Fuel such as methane produced from renewable resources, especially plant biomass and treated municipal and industrial wastes.



bi
 space," said US Energy CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Mark Clancy. "For example, we have completed initial runs of Dried Distillers Grains with Solids (DDGS DDGS Distillers Dried Grains with Solubles (agri-business) ) producing a gas with over 700 Btus per cubic foot. DDGS is a coproduct co·prod·uct  
n.
A product produced together with another product.
 of the ethanol production process also used as a high nutrient feed valued by the livestock industry. This technology will launch our biofuels initiative to develop our signature biofuel which, when used in conjunction with our dual-fuel conversion systems, allows a diesel engine to exceed Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and  2010 emission standards. A second aspect to our development path is to render the equipment scaleable so that a fleet can locate a small production unit on-site and produce their own biofuel using our feedstock," concluded Mr. Clancy.

About HYFS - US Energy Initiatives Corporation. (OTCBB:HYFS), 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. 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 NYSE

See: New York Stock Exchange
:GM), http://www.gm.com; United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world.  (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. For more information contact CEO Mark Clancy at the Company's corporate headquarters at 813-287-5787 or visit the Company's web site at http://www.usenergyic.com

EarthFirst Technologies, http://www.earthfirsttech.com, is a specialized holding company engaged in researching, developing and commercializing technologies for the production of alternative fuel sources and the destruction and/or remediation of liquid and solid wastes, and in supplying electrical contracting services to commercial and government customers internationally. Through its subsidiary World Environmental Solutions Company (WESCO WESCO West Coast Shoe Company (manufacturer of motorcycle boots)
WESCO Westinghouse Electric Supply Company
), EarthFirst markets solid waste remediation plants utilizing a proprietary Catalytic Activated Distillation (CAVD) process, which is a superior technology developed by EarthFirst to recycle rubber tires and other waste by heating the material without burning it. Through its subsidiary Electric Machinery Enterprises, Inc., http://www.e-m-e.com, the Company provides electrical contracting services both as a prime contractor and as a subcontractor, electrical support for industrial and commercial buildings, power generation stations, and water and sewage plants in the US and abroad.

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press release and some oral statements are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995 (the "Act"). 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 Growth Rates

The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures.

Notes:
Remember, historically high growth rates don't always mean a high rate of growth looking into the future.
), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and the Company has no specific intention to update these statements.
COPYRIGHT 2006 Business Wire
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 10, 2006
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