SANTA CLARITA, Calif. -- U.S. Energy Initiatives Corporation has announced that it has entered a joint venture with BulovaTech Labs, Inc., a private company located in Austin, Texas, and Silicon Valley, Calif., to distribute a fuel product designed to replace the current formulation of gasoline. The proprietary patent pending gasoline replacement product was developed by Bulova over several years. The product, A Universal 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.
The initial delivery of the fuel occurred on May 25, 2012. Approximately, 800 vehicles were fueled with Singular 96. 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.
According to Anthony Miller, CEO, "This relationship is a logical progression for our company, because it fits with our core business goals and objectives. This venture will provide Immediate and Significant revenue for us. This retail commodity has tremendous demand currently, which should generate continued sales year after year."
SOURCE: U.S. Energy Initiatives Corporation