US Energy Initiatives Corp (USEI.OTC) announced today that it has entered a joint venture agreement with BulovaTech Labs to distribute an alternative fuel product, A Universal Fuel.
Bulova designed the proprietary patent pending A Universal Fuel to replace the current formulation of gasoline.
USEI.OTC CEO Anthony Miller said this relationship is a logical progression for the company, because it fits with the core business goals and objectives.
"This venture will provide Immediate and Significant revenue for us," Miller added.
"This retail commodity has tremendous demand currently, which should generate continued sales year after year."
The alternative fuel is an enhanced energy feedstock blended with methanol and gasoline commanding an industry setting 96 Octane which is higher than any commercially available non-racing fuel.
The product is sold under the brand Singular 96 and the price for this premium grade 96 Octane fuel was seven cents a gallon, below the local prevailing price for regular grade 87 Octane gasoline.