US Energy Initiatives Deposits Digital Assets for Sale and Moves Into the Metaverse
WOODLAND HILLS, CA -- December 23, 2021 -- InvestorsHub NewsWire
-- US Energy Initiatives Corp,
PINK:USEI) announces that the Company has transferred $10
million of its digital assets to BMCS SUMCOIN INDEX FUND dba Bio
Tech Medics, Inc. (stock symbol BMCS-OTC) to be sold at
“market value’ to generate capital to execute its 2022 Business
Plan that includes “green energy mining” and the entrance into the
According to Anthony K. Miller, CEO, "Today we
announce that the Company has done what it reported in its December
14, 2021 press release, transferring $10 million dollars of its
digital asset into position to be sold. Management hopes that the
currency should be sold in the first few months of 2022. The BMCS
business plan is designed to provide worldwide holders with an exit
strategy for their Sumcoin that will turn their digital currency
into US dollars, and receive the fair market value for their
assets. When the capital is available, Management will initiate a
significant mining operation that encompasses green energy as the
source of power. Management has done significant research on this
operation and believes that the revenue projections will be
“Additionally, Management has been investigating opportunities
for the Company in the Metaverse. What is the
Metaverse? It's a combination of multiple elements of
technology, including virtual reality, augmented reality and video
where users ‘live’ within a digital universe; it also may contain
elements or be integrated along with the blockchain technology.
Supporters of the Metaverse envision its users working, playing and
staying connected with friends through everything from concerts and
conferences to virtual trips around to the world. Three years ago
folks thought we were crazy for getting into crypto
currency and look at us now… recently, we have be dabbling in
the NFT space which could be tremendously lucrative, so call us
crazy or innovative, either one works. Management believes that
everything we have researched tells us that the Metaverse is a
great direction for USEI. In the coming weeks we will purchase
property and move headlong into this space. This is a long play,
the industry is years away but the time is right now for us to get
in ahead of the gold rush. Microsoft and Facebook (Meta) are
bullish on the Metaverse sector and have invested millions of
dollars in the space so we are in good company.
“It is our goal that USEI has a very lucrative 2022 and we will
continue to transfer Sumcoin on consignment, over the year, as the
BMCS venture continues to provide us with cash to grow this firm.
We are excited about the future beyond 2022… our digital assets are
the life blood of this firm,” stated Miller.
ABOUT USEI: US Energy Initiatives Corp is
a publicly traded company traded under the symbol USEI on OTC
Markets, and the company focuses on many potential opportunities,
and will leverage its assets to build a robust public company.
These marketplaces are all emerging growth industries, and the
company will utilize its significant assets and tools to grow the
firm for its incredible future.
ABOUT BMCS: BMCS Sumcoin Index Fund Inc.,
formerly BioTech Medics, Inc., has a Delaware Statutory Trust that
holds Sumcoin (SUM) on behalf of its shareholders. The investment
objective of the Trust company is for the shares to reflect the
value of the Sumcoins held by the Trust, determined by reference to
the Sumcoin Index Price, less the Trust’s expenses and other
liabilities (NAV). Sumcoin is a cryptographic blockchain that uses
a scrypt proof-of-work algorithm to determine its value (that
changes every 20 minutes). Our firm offers a business model that is
patterned after others in this same digital asset space. People
seeking to invest in crypto can invest in our stock and get the
benefits of the appreciating value of the Company’s stock that is
designed to appreciate faster than the currency.
Forward-Looking Statements: This press release
contains "forward-looking statements" within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. All statements, other than statements of
historical fact, including those with respect to the expected
projects of US Energy Initiative Corp. and related companies. All
statements that are included in this Press release, other than
statements of historical fact, are forward-looking statements.
Forward-looking statements involve known and unknown risks,
assumptions, uncertainties, and other factors. Statements made in
the future tense, and statements using-words-such as "may, "can,"
"could," "should," "predict," "aim'" "potential," "continue,"
"opportunity," "intend " "goal," "estimate," "expect,"
"expectations," "project," "projections," "plans," "anticipates,"
"believe," "think," "confident" "scheduled" or similar expressions
are intended to identify forward-looking statements.
Forward-looking statements are not a guarantee of performance and
are subject to a number of risks and uncertainties, many of which
are difficult to predict and are beyond our control.
These risks and uncertainties could cause actual results to
differ materially from those expressed in or implied by the
forward-looking statements, and therefore should be carefully
considered. You should consider the areas of risk described in
connection with any forward-looking statements that may be made
herein. We caution you not to place undue reliance on the
forward-looking statements, which speak only as of the date of this
report and readers should carefully review this report in its
entirety. We disclaim any obligation to update any of these
forward-looking statements as a result of new information, future
events, or otherwise, except as expressly required by law. Further
information on our risk factors is contained in our filings with
the OTC Markets and the SEC website. Any forward-looking statement
made by us herein speaks only as of the date on which it is made.
Factors or events that could cause our actual results to differ may
emerge from time to time, and it is not possible for us to predict
all of them. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by
STOCK SYMBOL: (USEI-OTC)
LOCATION: WOODLAND HILLS, CA.
SOURCE: US Energy Initiatives Corp, Inc.
US Energy Initiatives (CE) (USOTC:USEI)
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