US Energy Initiatives Corporation. announced that it has entered a joint venture with Alternafuels, Inc. 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.