USEI Cannabis Signs Deal With Tranzbyte for Grow Facility and Dispensary to Maximize Product Development and Revenues
May 01 2014 - 11:28AM
Marketwired
USEI Cannabis Signs Deal With Tranzbyte for Grow Facility and
Dispensary to Maximize Product Development and Revenues
SANTA CLARITA, CA--(Marketwired - May 1, 2014) - USEI CANNABIS
INITIATIVES CORP, A WHOLLY OWNED SUBSIDARY OF U.S. ENERGY
INITIATIVES CORPORATION, INC. (OTC Pink: USEI) (PINKSHEETS:
USEI) is pleased today to announce USEI Cannabis has reached
an agreement with one of the premiere companies in our sector,
Tranzbyte Corporation (OTC Pink: ERBB) (PINKSHEETS: ERBB) a company
known for its American Green products, their innovative fully
automated ZaZZZ™ Machine, a vending machine that can vend a wide
range of products controlled by their cutting edge verification
technology, their water technologies and for more information on
them, visit their website at www.tranzbyte.com. We have signed an
agreement to joint venture on a grow facility and dispensary
project in the metropolitan Denver region. The project will
incorporate our 'lighting technologies', their Jurassic water
system, and a trial of top nutrient cannabis products being
developed separately by both companies.
According to Anthony Miller CEO "We believe that this is the
most significant milestone we have achieved to date. We are
confident that our relationship with Tranzbyte Corporation will
elevate our firm to a new level. This venture allows us to
showcase all of our relationships, talents, skills, products and
technologies and provide a platform for incubation of a wide range
of technologies. Management has very ambitious goals and objectives
for USEI Cannabis, and we intend to have a very long presence in
Colorado and Washington, and wherever cannabis is legal. Our
objective is to create a foundation that will be instrumental in
our continued success; this relationship does this for USEI".
Its one thing to talk about your innovative products and quite
another thing to ask others to believe in them. It's a whole other
venture to put your own skin in the game. We know American Green
products work. We also know that Anthony Miller's products work.
Our combined commitment to improving grow technology is
specifically focused on helping to improve the market sector for
everyone," says Tranzbyte COO Stephen Shearin.
"The chance to participate on the ground floor and really get our
hands dirty in the cultivation side of the business is something we
are excited about. And to do it in a scenario where we believe
we'll soon have the opportunity to participate in the actual
public-facing side of a licensed entity; to have a venture where we
are involved in the day to day business of cannabis sales; it is an
opportunity we eagerly and collectively embrace," comments David
Gwyther, president of Tranzbyte.
"This venture has the potential to catapult USEI into a
profitable mode this year and working with partners who have such
diversity and vision is a benefit to us. Our plan is to capture our
market-share and create viable products that meet our goals and
objectives for these markets. In the coming weeks we will disclose
more information regarding our strategies. Right now information on
USEI can be found on the company's website @
www.useicannabis.com/web/," further commented Miller.
About U.S. Energy Initiatives: U.S. Energy Initiatives
Corporation is a diverse (OTC Pink: USEI) (PINKSHEETS: USEI) energy
firm. This firm started in 1996 and has had a long successful
business history of developing its business strategies.
Management's new goal is to develop its old and new technologies
and to build a dynamic and diverse firm. From 2014-2015 U.S. Energy
Initiatives will center on hemp to energy, everything cannabis
related and developing products and services for the marketplace.
Our goal here is to become an environmentally responsible firm,
marketing our products to a worldwide audience to produce
significant revenue and add value for our shareholders.
About Tranzbyte: The Tranzbyte Corporation (www.tranzbyte.com) is a
driving force behind American Green, American Green, OneBode, The
YO! Debit Card, and BancoLibre. The company expects to continue its
plan to acquire, hold, or spin out successful divisions in what has
been described in previous news releases as "dividend farming,"
Companies that qualify and decide to become public on their own
will agree to carve out shares for Tranzbyte and dividends for
their ERBB shareholders.
Tranzbyte also houses the company's 10-year-old technology division
which is actively engaged in the sale of its optical media
enhancement products to potential customers in the US and Asia.
Products in the Tranzbyte division include FLASHAlbum™ and FlixStix
-- technologies that the company plans to be incorporated into the
Company's ZaZZZ Machine while enabling distributors of optical
media (CDs, DVDs, etc.) to consolidate the best features of each
medium onto a single content-protected USB flash drive.
DISCLOSURES: "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995: This press release may
contains forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other risks
detailed from time to time in the Company's filings with
OTCMarkets.com and as required to the Securities and Exchange
Commission. These risks could cause USEI's actual results to differ
materially from those expressed in any forward-looking statements
made by, or on behalf of, the Company.
Contact: U.S. Energy Initiatives Corporation, Inc. Investor
Relations Ph: 866 922-1116 Email: info@usenergyinit.com Web:
www.usenergyinit.com Web: www.useicannabis.com
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