Market Pulse Breaking News Alert for Wednesday, May 31, 2006: HYFS -- US Energy Initiatives Contracts for the Sale of 1,500 Dual Fuel Systems!

June 2 2006

Market Pulse News Alert for this AM, Stocks toWatch are: U.S. Energy Initiatives Corporation (OTCBB: HYFS), SiriusSatellite Radio Inc. (NASDAQ: SIRI), Dell Inc. (NASDAQ: DELL),and Sun Microsystems Inc. (NASDAQ: SUNW).

Investors need to be watching U.S. Energy Initiatives Corporation (OTCBB: HYFS) this AM! U.S. Energy Initiatives manufactures and markets retrofitsystems for the conversion of gasoline and diesel engines, stationary orvehicular, to non-petroleum based fuels such as compressed natural gas andliquefied natural gas. The company's technology is embodied in five issuedand one pending US patent. Since 1998, U.S. Energy has dedicated itsresearch and development exclusively to conversion systems fordiesel-powered engines. Worldwide, there is a significant pricedifferential between diesel and natural gas typically resulting in a 12month or less return on investment. The company's initial commercializedapplication is a retrofit device to convert medium and heavy duty enginesto operate in adual-fuel 70% natural gas and 30% diesel mode. A new generation ofmanagement has transformed HYFS from a developmental-stage company withproprietary products for dual-fuel conversion in various steps ofdevelopment to a company with the ability to deliver these productsworldwide. HYFS is potentially poised to become a significant player in theenergy/alternative energy industry. HYFS has had several excellent newsannouncements out lately and one again before today's opening bellannouncing it has executed an agreement with Autogas (Thailand) Ltd.registered in Thailand as (Greengas NGV)! "Autogas is a six-year oldThailand-based company," said US Energy CEO Mark Clancy, "and we're excitedto have such a strong partner in this critical market." This could be greatnews for investors!

US Energy Initiatives Corporation ("US Energy" or the "Company") (OTCBB: HYFS), a manufacturer of a patent dual-fuel diesel to natural gasconversion technology referred to as Hybrid Fuel Systems, today announcedit has executed an agreement with Autogas (Thailand) Ltd. registered inThailand as (Greengas NGV).

"Autogas is a six-year old Thailand-based company," said US Energy CEO MarkClancy, "and we're excited to have such a strong partner in this criticalmarket. We are also pleased to deliver this first significant order forour technology to our shareholders. As we gear up our enterprise to reactto the OEM universe, this major aftermarket project will allow us tobuild-out our Thailand-based service and support capability. We anticipatewe will begin deliverables against this agreement during the late thirdquarter, early fourth quarter and look to make a meaningful impact to ourrevenues in the fourth quarter of this year," concluded Mr. Clancy.

"In addition to our anticipated work with the Isuzu engines, on our behalf,US Energy is also developing a dual fuel system for Nissan 454 series, theHino H07 series and the Mitsubishi FD series," said Autogas CEO RobinHughes. "The potential for these three engines for our existing portfolioof clients runs to over 3,000 vehicles. Autogas is delighted to haveacquired the rights to market and distribute the US Energy proven dual-fueldiesel to natural gas systems in Thailand. EPA approval on engine platformsin the USA provides us with the comfort that we will adhere to the highestlevels of engineering integrity and emissions reductions on all types ofengine applications," concluded Mr. Hughes.

About US Energy Initiatives Corporation, formed in 1996, delivers itspatent dual-fuel diesel to natural gas conversion technology and resells aportfolio of gasoline to natural gas and propane conversion systems throughboth Company-owned and franchised service centers in twelve states anddirectly to domestic and international original equipment manufacturers.The Company's primary facility is a 12,000 square foot state-of-the-artsystems development and emission testing lab in Atlanta, Georgia. Thecompany's current clients include General Motors, United Parcel Service, USPostal Service; Dallas County School System, Portland, Oregon SchoolSystem; Oklahoma Natural Gas and a host of private purchasers. For moreinformation contact CEO Mark Clancy at the Company's corporate headquarters@ 813-287-5787 or visit the Company's web site athttp://www.usenergyic.com.

About Autogas (Thailand) Ltd. (ETS) Autogas-Thailand is recognized as aninnovative project solutions company in all areas of alternative fuelsincluding vehicle conversions, fuel dispensation, warranty and after marketservice. US Energy completes our matrix of opportunity.

Stocks in the news and acting well as of late include: Sirius SatelliteRadio Inc. (NASDAQ: SIRI), Dell Inc. (NASDAQ: DELL),and Sun Microsystems Inc. (NASDAQ: SUNW).

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