WILDWOOD, Fla., Oct. 6, 2011 /PRNewswire/ -- EFUEL EFN, Corp.
(Pink Sheets: EFLN), President Ljubica
Stefanovic, would like to thank all investors for their
support through some very difficult times. It is Mrs. Stefanovic's
mission to build investor confidence and trust. She assures all
investors that the company is proceeding aggressively to add value
to EFLN and increase company liquidity.
Mrs. Stefanovic is pleased to report to shareholders that
agreement with Joseph Cillo has been
reached with respect to the eFUEL EFN, Corp. Preferred "A" Shares.
At the present time Euro-American Finance Network, Inc. owns two
hundred-forty five million (245,000,000) of Preferred "A" Shares,
and six hundred million (600,000,000) Common Shares as well as all
voting rights associated with those shares. Joseph Cillo owes five million (5,000,000)
Preferred "A" Shares. The remaining thirty-five million
(35,000,000) "B" Shares and nine hundred million (900,000,000)
Common Shares are owned by individual shareholders.
Documentation confirming the ownership rights to the above
mentioned shares of eFUEL EFN, Corp. has been sent to OTC Market
Pink Sheets, State of Florida and
Clear Trust Transfer Agent.
The company is currently working to develop a new website and
business plan. The company is also looking into purchasing
discounted accounts receivable from various businesses in distress
and other profitable assets. At this time the Company has 1st, 2nd
and 3rd quarter revenue in the amount of seventy-nine thousand six
hundred seventy-eight and 89/100 (79,678.89)
USD and assets of approximate seven million seven hundred
fifty-one thousand five hundred fifty-two (7,751,552.00) USD. In the future, the company
will make to the general public available, a Corporate P&L
Statements and Corporate balance sheets.
The new management does not have any intention to gain new
investors by using outside specialized companies that get paid with
Company stock. It is up to the shareholders to embrace and enhance
their holdings. The eFUEL EFN, Corp. will report periodically on
business progress and activity.
About eFUEL EFN, Corp.
EFUEL EFN, Corp., ("eFUEL") is a publicly traded company listed
on Pink Sheet under the symbol EFLN. EFUEL is an internet
services company. For 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:
Ljubica Stefanovic
President
352-326-8381
SOURCE eFUEL EFN, Corp.