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WILDWOOD, Fla., Nov. 29, 2017 -- eFUEL EFN Corp. (OTC:EFLN) issues the following press release to update our current shareholders and those interested in our company. We have many opportunities to look forward to in the near future. We have updated OTC markets site with our Attorney letter. We are now current with OTC market filings. The company has been working tirelessly to remove the caveat emptor status from the EFLN filings on the OTC markets website.
eFUEL EFN CORP has been working on ideas to gain potential sales, and the purchasing of new assets. The company is seeking international market presence of our products and in taking advantage of a depressing world economy, EFLN will expand its position in domestic and international markets. The company has long-term objectives to expand, create more wealth and generate new revenue streams.
The company has accepted an agreement to assist in the exporting of 100,000 barrels of light crude oil from Riyadh, Saudi Arabia to Europe. The cost and profit from this will be discussed soon in another filing to OTC markets. We will also be generating profits with our new bitcoin account. We would like to maximize our profits with this technology. More details to come on it in future press releases.
Currently, our company has no large debt. The corporation is existing as an asset holding entity, with goals of purchasing, expanding and acquiring businesses.
In the third quarter, in 2017, EFLN negotiated to purchase and sales additional assets, with the value of $1,250,000 and net income of $250,000. These assets will be added to the first quarter in 2018. In addition to these assets, our portfolio consists of land, minerals and gold worth approximately $500 million. These assets will be on the 2017 IRS Tax balance sheet. Our sales projection is to increase sales by $25 million by the year 2020.
Management, is currently in the process, of upgrading our company readings, so we can trade electronically in international markets. This will create additional opportunities for EFLN.
The press release has information contains certain forward looking statement with the meaning of Section 27 A of securities Act 1933 as a amended, and Section 21E of the Securities Exchange Act 1954 which are intended to be covered by the safe harbors created in connection with that investor are cautioned that all Forwarding Statements involve risks and uncertainties including eFUEL EFN CORP.
Thank you,
Ljubica Stefanovic, President
EFUEL EFN CORPORATION
Ph. 352504-1300 or 352-254-0237
