WILDWOOD, Fla., June 20, 2012 /PRNewswire/ -- Efuel EFN, Corp
(PINKSHEETS: EFLN) announced today that they have obtained answers
as to the purpose of the DTCC chill, and they acquired a new retail
business.
Communication from the DTCC Compliance Inquiries has shed some
light on the purpose of the DTCC chill. EFUEL EFN, Corp has learned
that the DTCC has globally locked Efuel shares due to the SEC
Litigation, SEC v. Cillo, issued on October
14, 2011. The Company's Transfer Agent has sent the DTCC the
structure of the shares. They commented that it is not likely or
possible that the DTCC chill will be removed before the litigation
SEC v. Cillo is resolved. However, EFUEL EFN, Corporation shares
can be traded by contacting a brokerage firm to place a verbal
order.
Efuel EFN, Corp purchased the Cherokee Trading Post retail
business from Euro-American Finance Network, Inc for 200,000,000
Preferred A shares. The Cherokee Trading Post is a Native American
and Florida Souvenir store located in Wildwood, Florida.
Efuel EFN, Corp has taken steps to ensure its future success.
Although it is unclear how long it will take to remove the DTCC
chill, the Company is actively working towards its growth and
success by acquiring valuable assets.
Company Summary:
Efuel EFN, Corp is an investment holding company for businesses
in the retail and real estate markets.
Contact EFUEL EFN, Corp:
352-326-8381
EFUELEFN@yahoo.com
SOURCE Efuel EFN, Corp