TAMPA, Fla., May 9, 2011 /PRNewswire/ -- (Pinksheets EFLN) -
Ljubica Stefanovic, President of
EFLN, announced today that an agreement has been successfully
completed between EFLN and eMax World Wide.
Ljubica Stefanovic, President of
EFLN, reports that Euro-American Finance Network has placed with
EFLN their holdings in eMax World Wide. In addition EFLN has been
granted permission by Euro-American Finance Network to and has
complete authority to deal with eMax World Wide, wherein eMax World
Wide will provide EFLN 30 Million additional free trading shares in
lieu of certain monies owed to Euro-American Finance Network.
EFLN will trade the shares owned in eMax World Wide on the open
market and use the proceeds from the sales to buy back shares of
EFLN.
Ljubica Stefanovic went on to say
"that share holders will recognize the benefit of this move, as
EFLN reduces the amount of shares trading on the open market."
About eFUEL EFN, Corp.:
eFUEL EFN, Corp., ("eFUEL'') is a publicly traded company listed
on Pink Sheets under the symbol EFLN. eFUEL is an Internet services
company offering on-line dating site www.outRAGEousEncounters. For
additional Product information, go to our corporate site at
www.eFUELcorp.com
Safe Harbor Statement: Certain Statements in this press release
constitute "forward-looking statements'' within the meaning of the
Private Securities Litigation Reform Act of 1995. The
forward-looking statements are subject to risks and uncertainties
including, without limitation, changes in levels of competition,
possible loss of customers, and the company's ability to attract
and retain key personnel.
CONTACT: Investor Relations;
Investor Relations:
Frank Pinizzotto
727-698-7492
SOURCE eFUEL EFN, Corp.