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USA ENERGY ANNOUNCES NEW FINANCING

 USA ENERGY ANNOUNCES NEW FINANCING
 SOLANA BEACH, Calif., May 5 /PRNewswire/ -- United States Alternate


Energy Corp. (OTC Bulletin Board: UALT), a San Diego County-based, publicly held energy conservation company, announced today that it had finalized a financing agreement with National Investors Capital Inc. The agreement provides that USA Energy will receive a minimum of $500,000, and up to $1.0 million under certain conditions, over the next five months. National Investors Capital Inc. will receive an equity stake in USA Energy in addition to an unspecified percentage of USA Energy's revenues until certain milestones are met.
 Richard Mangiarelli, president of USA Energy, said, "This funding will enable us to complete the manufacturing and marketing agreements we have been negotiating for the last several months which should help us become a major player in the energy demand reduction business in the United States."
 USA Energy, a "Green Lights Ally" of the U.S. Environmental Protection Agency, has recently completed a lighting retro-fit project at the El Toro Marine Base which resulted in a 50 percent reduction in lighting utility costs.
 National Investors Capital Inc. of Costa Mesa, Calif., invests in small, publicly held companies.
 -0- 5/5/92
 /CONTACT: Richard Mangiarelli, president of USA Energy, 619-259-9790/
 (UALT) CO: United States Alternate Energy Corp. ST: California IN: FIN OIL SU: FNC


DM-JL -- LA066 -- 6849 05/05/92 19:55 EDT
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Publication:PR Newswire
Date:May 5, 1992
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