TAMPA, Fla., May 2, 2011 /PRNewswire/ -- (Pinksheets: EFLN) -- Ljubica Stefanovic, President of EFLN, is pleased to announce that management has completed the process of preparing and uploading to OTC the documents, which will result in the removal of the caveat emptor sign from the OTC Market Website. "We are pleased with this accomplishment as the company seeks to be viewed as fully transparent."
Ljubica Stefanovic further said, "I want to inform EFLN shareholders that eFUEL has experienced an increase in its asset base of approximately $4.9 million dollars, which will result in an increase to shareholder equity."
eFUEL has recently entered into negotiations and is actively involved in the bidding process to acquire a European transportation hub. Ljubica Stefanovic, President of EFLN, stated, "that the negotiations for this valuable asset are ongoing; I feel that eFUEL will be successful in completing this project."
Further, eFUEL will be acquiring a position in eMax World Wide, which is currently traded on the Pinksheets under the ticker symbol EMXC. Ljubica Stefanovic commented, "The value of the assets associated with our acquiring a position in eMax will be for the purpose of purchasing EFLN shares on the open market."
As the Company moves forward, management will strive to have EFLN listed and traded on several different exchanges, including but not limited to Frankfurt, Belgrade and Bombay.
Ljubica Stefanovic strongly believes that eFUEL has positioned itself to pursue and finalize acquisitions without the need of having to sell shares of it stock in the open market to provide financing.
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;
SOURCE eFUEL EFN, Corp.