US Energy Initiatives Corporation Announces New Trading Symbol; Hybrid Fuel Systems Technology

TAMPA, Fla.--June 5, 2006--US Energy Initiatives Corporation ("US Energy" or the "Company") (OTCBB:USEI), a manufacturer of a patent dual-fuel diesel to natural gas conversion technology referred to as Hybrid Fuel Systems, today announced it has been assigned a new trading symbol "USEI." Previously, the Company's securities traded under the symbol HYFS. Effective June 5, 2006, the Company's new trading symbol is USEI.

About US Energy Initiatives Corporation. (OTCBB:USEI), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors , http://www.gm.com; United Parcel Service , http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers. For more information contact CEO Mark Clancy at the Company's corporate headquarters @ 813-287-5787 ext. 222 or visit the Company's web site at http://www.usenergyic.com.

Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future US Energy Initiatives actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.