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US Energy Initiatives Corp (USEI) Announces Green Initiatives

Thursday, May 13, 2021 10:01 AM | Jillian Kilcoyne

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US Energy Initiatives Corp (USEI) Announces Green Initiatives

What is Going on with USEI?

US Energy Initiatives Corp (USEI) has announced that it is ready to begin green energy initiatives as it has fulfilled the requirements and is back to Current Pink on OTCM. US Energy's CEO, Anthony K. Miller explains that, “historically, USEI has been a Green Company, and we have produced biodiesel at commercial levels, we owned and operated two cannabis dispensaries, participated in multiple grow and extraction operations. Over the last two months, we have investigated how we can utilize natural gas and wind (green energy) to mine cryptocurrency. Our hope over the next few weeks and months is to announce green crypto projects and joint ventures utilizing the company Sumcoin assets to finance some of the operational objectives. We believe that we have an incredible future ahead of us."

What This Means for USEI?

This announcement reflects good news for the company as it hopes to grow with consideration to green energy efforts. Miller states that, “today marks a new era for this Company and management is now ready to focus on structuring this company for growth. As many of you know, the company has significant crypto assets (well over 40 Million dollars of Sumcoin) and management will seek to enhance, leverage, sell and or hypothecate these assets to sustain this company for – future gains.  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 min) and its price is an aggregate or “SUM” of all top 100 most valuable coins by market capitalization.”

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US Energy Initiatives Corp Inc is the United States based diverse energy firm. It is focused on the energy, medical marijuana, and hemp for developing products and services. The company is engaged in offering a key solution for heavy, mid and light gravity oils that need heat, pressure and or a driving mechanism to bring more oil to the surface. Its product includes bio-fuel.

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